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Newmark Group Q3 Adjusted Earnings, Revenue Gain; Updates 2024 Guidance
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Newmark Group Q3 Adjusted Earnings, Revenue Gain; Updates 2024 Guidance
Nov 5, 2024 6:36 AM

09:11 AM EST, 11/05/2024 (MT Newswires) -- Newmark Group ( NMRK ) reported Q3 post-tax adjusted earnings Tuesday of $0.33 per share, up from $0.27 a year earlier.

Four analysts polled by Capital IQ expected $0.30.

Revenue for the quarter ended Sept. 30 was $685.9 million, up from $616.3 million a year earlier.

Three analysts surveyed by Capital IQ expected $681.6 million.

The company said it now expects 2024 adjusted EPS to increase 6% to 11% to $1.11 to $1.17, compared with the prior forecast of growth of 5% to 9%. Four analysts surveyed by Capital IQ expect $1.13.

The real estate company now expects 2024 revenue to increase 6% to 9% to $2.62 billion to $2.68 billion, compared with the prior forecast of growth of 3% to 7%. Three analysts polled by Capital IQ expect $2.63 billion.

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