Brokerages forecast that Newmark Group Inc (NASDAQ:NMRK) will report $0.23 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Newmark Group’s earnings. The lowest EPS estimate is $0.14 and the highest is $0.31. The firm is expected to issue its next quarterly earnings report on Friday, May 11th.
According to Zacks, analysts expect that Newmark Group will report full-year earnings of $1.50 per share for the current financial year, with EPS estimates ranging from $1.48 to $1.51. For the next fiscal year, analysts anticipate that the company will post earnings of $1.75 per share, with EPS estimates ranging from $1.70 to $1.80. Zacks’ EPS averages are an average based on a survey of sell-side research analysts that follow Newmark Group.
Newmark Group (NASDAQ:NMRK) last posted its earnings results on Friday, February 9th. The company reported $0.30 EPS for the quarter, meeting the consensus estimate of $0.30. The firm had revenue of $460.60 million during the quarter, compared to analyst estimates of $428.10 million. During the same period in the previous year, the company posted $0.31 EPS.
Newmark Group (NASDAQ:NMRK) opened at $14.59 on Thursday. Newmark Group has a 12-month low of $13.72 and a 12-month high of $16.98.
Hedge funds have recently modified their holdings of the stock. Emerald Advisers Inc. PA bought a new stake in shares of Newmark Group in the fourth quarter valued at approximately $1,368,000. The Manufacturers Life Insurance Company bought a new stake in shares of Newmark Group in the fourth quarter valued at approximately $20,723,000. Monashee Investment Management LLC bought a new stake in shares of Newmark Group in the fourth quarter valued at approximately $7,950,000. Strycker View Capital LLC bought a new stake in shares of Newmark Group in the fourth quarter valued at approximately $4,543,000. Finally, Hudson Bay Capital Management LP bought a new stake in shares of Newmark Group in the fourth quarter valued at approximately $3,975,000. Institutional investors and hedge funds own 3.57% of the company’s stock.
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Newmark Group Company Profile
Newmark Group, Inc is a commercial real estate services company. The Company is focused on offering products and services to both owners and occupiers across the entire commercial real estate industry. Its investor/owner services and products include capital markets, which consists of investment sales, debt and structured finance and loan sales, agency leasing, property management, valuation and advisory, diligence and underwriting and government-sponsored enterprise lending and loan servicing.
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