Newmark Group Inc is a prominent commercial real estate services firm that offers a comprehensive range of advisory and transaction services
The company specializes in property management, leasing, investment sales, and capital markets services, catering to a broad spectrum of clients, including property owners, investors, and tenants. By leveraging advanced technology and industry expertise, Newmark provides strategic insights and solutions to optimize real estate investments and enhance operational efficiencies for its clients across various sectors.
Shares of real estate services firm Newmark (NASDAQNMRK)
jumped 12.1% in the morning session after the company reported strong fourth quarter 2024 results that blew past analysts' revenue expectations, driven by its Investment Sales division. In addition, its EPS and EBITDA beat. On the other hand, its full-year EBITDA guidance missed. Still, this quarter had some key positives.
Real estate services firm Newmark (NASDAQNMRK) beat Wall Street’s revenue expectations in Q4 CY2024, with sales up 18.8% year on year to $888.3 million. The company expects the full year’s revenue to be around $3 billion, close to analysts’ estimates. Its non-GAAP profit of $0.55 per share was 13.6% above analysts’ consensus estimates.
As the Q3 earnings season wraps, let’s dig into this quarter’s best and worst performers in the real estate services industry, including Newmark (NASDAQNMRK) and its peers.
Newmark’s 31.9% return over the past six months has outpaced the S&P 500 by 24.2%, and its stock price has climbed to $13.20 per share. This performance may have investors wondering how to approach the situation.
Goldman Sachs bullish on CRE services stocks: CBRE, NMRK, JLL top picks for 2025. Recovery in 2024 was driven by stabilizing property values and financing conditions.
The end of the earnings season is always a good time to take a step back and see who shined (and who not so much). Let’s take a look at how real estate services stocks fared in Q3, starting with Anywhere Real Estate (NYSEHOUS).
Discover the top-performing stocks with our analysis. In this video, we dive into the Bollinger Band Squeeze strategy while scanning for opportunities.
Real estate services firm Newmark (NASDAQNMRK) met Wall Street’s revenue expectations in Q3 CY2024, with sales up 11.3% year on year to $685.9 million. The company’s full-year revenue guidance of $2.65 billion at the midpoint came in slightly above analysts’ estimates. Its non-GAAP profit of $0.33 per share was 10.9% above analysts’ consensus estimates.
Pinstripes Holdings, Inc. (“Pinstripes” or “the Company”) (NYSEPNST), a best-in-class experiential dining and entertainment brand combining bistro, bowling, bocce and private event space, today announced the signing of a new Master Broker agreement with Newmark. Newmark will act as Pinstripes’ exclusive Master Broker throughout the U.S. and overseas, in conjunction with Pinstripes’ preexisting network of local brokers across the country.
BitOoda, a pioneering digital investment bank, announced it has entered into a strategic partnership with Newmark, a leading commercial real estate adviser, that will allow the firms to combine their expertise and relationships across the AI, data center, and bitcoin mining industries. The partnership will enable BitOoda and Newmark to further serve clients expanding into the AI and Accelerated Compute markets, ranging from startups to data center operators/occupiers to established players in the digital asset space.
Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page.
As of Nov. 24, 2023, five stocks in the real estate sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.
U.S. stocks traded higher, with the Dow Jones falling more than 30 points on Wednesday. Here are some big stocks recording gains in today’s session. TG Therapeutics, Inc. (NASDAQTGTX) shares jumped 26.8% to $9.80 following third-quarter results.
