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Newmark Group: Q1 Earnings Insights

Shares of Newmark Group (NASDAQ:NMRK) moved higher by 7% after the company reported Q1 results. Quarterly Results Earnings per share fell 57.14% over the past year to $0.09, which missed the estimate of $0.23. Revenue of $483,930,000 rose by 8.10% year over ye

Benzinga · 05/07/2020 13:52

Shares of Newmark Group (NASDAQ:NMRK) moved higher by 7% after the company reported Q1 results.

Quarterly Results

Earnings per share fell 57.14% over the past year to $0.09, which missed the estimate of $0.23.

Revenue of $483,930,000 rose by 8.10% year over year, which missed the estimate of $494,430,000.

Outlook

Newmark Group hasn't issued any earnings guidance for the time being.

Newmark Group hasn't issued any revenue guidance for the time being.

Conference Call Details

Date: May 07, 2020

Webcast URL: http://event.on24.com/view/help/index.html?text_language_id=en&fh=true&ngwebcast=true

Technicals

Company's 52-week high was at $13.85

52-week low: $2.49

Price action over last quarter: down 66.93%

Company Overview

Newmark Group Inc is a commercial real estate advisory firm. It offers services, including leasing and corporate advisory services, investment sales, commercial mortgage brokerage, appraisal and valuation, project management, and property, among others. Newmark offers a diverse array of integrated services and products designed to meet the full needs of both real estate investors/owners and occupiers. The company provides real estate strategic consulting and systems integration services to CFI's global clients including many Fortune 500 and Forbes Global 2000 companies, owner-occupiers, government agencies, healthcare and higher education clients.