Stock of the Day

August 14, 2024

Newmark Group (NMRK)

$11.91
+$0.33 (+2.8%)
Market Cap: $2.10B

About Newmark Group

Newmark Group, Inc. provides commercial real estate services in the United States, the United Kingdom, and internationally. The company offers capital markets consisting of investment sales and commercial mortgage brokerage; landlord or agency representation leasing; valuation and advisory; property management; commercial real estate technology platform and capabilities; the United Kingdom business rates services; due diligence, consulting, and other advisory services; GSEs and the Federal Housing Administration lending services comprising multifamily lending and loan servicing; asset management; and flexible workspace solutions for owners. It also provides tenant representation leasing; and global corporate services consisting of workplace and occupancy strategy, energy and sustainability services, technology, project management, real estate and lease administration, and facilities management. The company offers its services to commercial real estate tenants, investors, owners, occupiers, and developers; lenders; small and medium size businesses; and multi-national corporations. The company was formerly known as Newmark Grubb Knight Frank Capital Group and changed its name to Newmark Group, Inc. in October 2017. Newmark Group, Inc. was founded in 1929 and is based in New York, New York. Newmark Group, Inc.operates is a subsidiary of Cantor Fitzgerald, L.P.

Today's Trend

Newmark Group, Inc. (NASDAQ: NMRK) is benefiting from strong second-quarter revenue growth, expansion initiatives and shareholder returns, although its full-year EPS outlook remains broadly in line with expectations and one data provider characterized the quarterly earnings as a slight miss.

  • Revenue significantly exceeded expectations. Newmark reported second-quarter revenue of $888.4 million, ahead of the $865.2 million consensus estimate, with revenue up 17% year over year. EPS of $0.39 matched the company’s cited consensus estimate and improved from $0.31 a year earlier. Newmark Reports Second Quarter 2026 Financial Results
  • Growth and capital-allocation prospects support the bull case. Recent coverage highlights the company’s 601W expansion, a new contract and share buybacks as potential catalysts that could strengthen earnings and shareholder returns. The quarterly dividend was also maintained at $0.06 per share, payable August 28 to shareholders of record August 14. The Bull Case For Newmark Group Is Newmark Group Undervalued
  • Full-year guidance is near analyst expectations. Newmark forecast 2026 EPS of $1.87–$1.98, compared with a $1.93 consensus estimate, and revenue of $3.8–$3.9 billion versus a $3.8 billion consensus. The midpoint of the EPS range is modestly below expectations, but the revenue outlook suggests continued expansion. Newmark Earnings Report
  • Consensus comparisons are mixed. Zacks reported EPS of $0.39 versus its $0.40 estimate, portraying the quarter as a slight earnings miss despite the revenue beat. This may limit the immediate upside reaction and keep investors focused on execution against the lower end of guidance. Newmark Q2 Earnings and Revenues

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