Newmark Group Inc reports results for the quarter ended June 30 - Earnings Summary

• Newmark Group Inc NMRK.OQ reported quarterly adjusted earnings of 31 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 22 cents. The mean expectation of six analysts for the quarter was for earnings of 25 cents per share. Wall Street expected results to range from 22 cents to 27 cents per share.

• Revenue rose 19.9% to $759.11 million from a year ago; analysts expected $686.45 million.

• Newmark Group Inc's reported EPS for the quarter was 11 cents​.

• The company reported quarterly net income of $20.82 million.

• Newmark Group Inc shares had risen by 18.8% this quarter and gained 12.7% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 1.7% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy," 1 "hold" and no "sell" or "strong sell." The average consensus recommendation for the real estate services peer group is also "buy"

• Wall Street's median 12-month price target for Newmark Group Inc is $15.50, about 6.8% above its last closing price of $14.44

This summary was machine generated from LSEG data July 30 at 01:01 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)