Newmark Group Inc (NMRK) Expected to Post Earnings of $0.23 Per Share
Wall Street analysts expect Newmark Group Inc (NASDAQ:NMRK) to post earnings of $0.23 per share for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Newmark Group’s earnings, with the highest EPS estimate coming in at $0.31 and the lowest estimate coming in at $0.14. The business is expected to issue its next quarterly earnings results on Friday, May 11th.
On average, analysts expect that Newmark Group will report full-year earnings of $1.50 per share for the current year, with EPS estimates ranging from $1.48 to $1.51. For the next fiscal year, analysts anticipate that the business will report earnings of $1.75 per share, with EPS estimates ranging from $1.70 to $1.80. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research firms that that provide coverage for Newmark Group.
Newmark Group (NASDAQ:NMRK) last announced its quarterly earnings data on Friday, February 9th. The company reported $0.30 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.30. The firm had revenue of $460.60 million during the quarter, compared to the consensus estimate of $428.10 million. During the same period last year, the business earned $0.31 earnings per share.
Newmark Group (NASDAQ NMRK) opened at $14.38 on Thursday. Newmark Group has a one year low of $13.72 and a one year high of $16.98.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Emerald Advisers Inc. PA bought a new stake in shares of Newmark Group during the fourth quarter worth $1,368,000. The Manufacturers Life Insurance Company bought a new stake in shares of Newmark Group during the fourth quarter worth $20,723,000. Cardinal Capital Management LLC CT bought a new stake in shares of Newmark Group during the fourth quarter worth $25,982,000. Hudson Bay Capital Management LP bought a new stake in shares of Newmark Group during the fourth quarter worth $3,975,000. Finally, Monashee Investment Management LLC bought a new stake in shares of Newmark Group during the fourth quarter worth $7,950,000. 3.57% of the stock is currently owned by hedge funds and other institutional investors.
COPYRIGHT VIOLATION WARNING: “Newmark Group Inc (NMRK) Expected to Post Earnings of $0.23 Per Share” was published by Daily Political and is the property of of Daily Political. If you are reading this piece on another site, it was illegally stolen and republished in violation of U.S. and international trademark & copyright laws. The legal version of this piece can be viewed at https://www.dailypolitical.com/2018/03/04/newmark-group-inc-nmrk-expected-to-post-earnings-of-0-23-per-share.html.
About Newmark Group
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Newmark Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Newmark Group and related companies with MarketBeat.com's FREE daily email newsletter.