Newmark Group Inc (NMRK) Expected to Post Quarterly Sales of $362.55 Million
Analysts expect that Newmark Group Inc (NASDAQ:NMRK) will post sales of $362.55 million for the current quarter, Zacks reports. Two analysts have made estimates for Newmark Group’s earnings, with the highest sales estimate coming in at $365.10 million and the lowest estimate coming in at $360.00 million. The firm is scheduled to issue its next quarterly earnings report on Friday, May 11th.
On average, analysts expect that Newmark Group will report full-year sales of $362.55 million for the current financial year. For the next fiscal year, analysts anticipate that the firm will report sales of $2.07 billion per share, with estimates ranging from $2.05 billion to $2.09 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that cover Newmark Group.
Newmark Group (NASDAQ:NMRK) last issued its earnings results on Friday, February 9th. The company reported $0.30 earnings per share for the quarter, meeting the Zacks’ 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 quarter in the previous year, the business posted $0.31 EPS.
Newmark Group (NASDAQ:NMRK) opened at $15.30 on Wednesday. Newmark Group has a fifty-two week low of $13.72 and a fifty-two week high of $16.98. The firm has a market capitalization of $2,360.00 and a price-to-earnings ratio of 28.87.
Several institutional investors and hedge funds have recently modified their holdings of the business. Cardinal Capital Management LLC CT acquired a new position in shares of Newmark Group during the fourth quarter worth about $25,982,000. The Manufacturers Life Insurance Company acquired a new position in shares of Newmark Group during the fourth quarter worth about $20,723,000. Long Pond Capital LP acquired a new position in shares of Newmark Group during the fourth quarter worth about $15,900,000. Monashee Investment Management LLC acquired a new position in shares of Newmark Group during the fourth quarter worth about $7,950,000. Finally, Strycker View Capital LLC acquired a new position in shares of Newmark Group during the fourth quarter worth about $4,543,000. Institutional investors own 0.43% 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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