Q1 2018 EPS Estimates for Newmark Group Inc Increased by Wedbush (NMRK)

Newmark Group Inc (NASDAQ:NMRK) – Analysts at Wedbush boosted their Q1 2018 EPS estimates for Newmark Group in a report released on Monday. Wedbush analyst J. Weaver now expects that the company will post earnings of $0.31 per share for the quarter, up from their previous estimate of $0.23. Wedbush has a “Outperform” rating and a $20.00 price objective on the stock. Wedbush also issued estimates for Newmark Group’s Q3 2018 earnings at $0.43 EPS, FY2018 earnings at $1.51 EPS, Q1 2019 earnings at $0.32 EPS, Q2 2019 earnings at $0.34 EPS, Q3 2019 earnings at $0.72 EPS, Q4 2019 earnings at $0.43 EPS and FY2019 earnings at $1.80 EPS.

Newmark Group (NASDAQ:NMRK) last posted its earnings results on Friday, February 9th. The company reported $0.30 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.30. The business had revenue of $460.60 million during the quarter, compared to analysts’ expectations of $428.10 million. During the same quarter in the prior year, the firm earned $0.31 EPS.

Other equities research analysts have also recently issued reports about the company. Keefe, Bruyette & Woods assumed coverage on Newmark Group in a research note on Tuesday, January 9th. They issued a “market perform” rating and a $17.00 price objective for the company. Goldman Sachs Group assumed coverage on Newmark Group in a research note on Tuesday, January 9th. They issued a “buy” rating and a $24.00 price objective for the company. Raymond James Financial assumed coverage on Newmark Group in a research note on Tuesday, February 6th. They issued an “outperform” rating and a $21.00 price objective for the company. Bank of America assumed coverage on Newmark Group in a research note on Tuesday, January 9th. They issued a “buy” rating and a $20.00 price objective for the company. Finally, Sandler O’Neill assumed coverage on Newmark Group in a research note on Tuesday, January 9th. They issued a “buy” rating and a $18.50 price objective for the company. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $20.08.

Shares of Newmark Group (NASDAQ:NMRK) opened at $14.69 on Tuesday. Newmark Group has a one year low of $13.72 and a one year high of $16.98.

Several hedge funds and other institutional investors have recently modified their holdings of NMRK. The Manufacturers Life Insurance Company acquired a new stake in shares of Newmark Group in the fourth quarter valued at $20,723,000. Monashee Investment Management LLC acquired a new position in Newmark Group during the 4th quarter worth $7,950,000. Strycker View Capital LLC acquired a new position in Newmark Group during the 4th quarter worth $4,543,000. Hudson Bay Capital Management LP acquired a new position in Newmark Group during the 4th quarter worth $3,975,000. Finally, Emerald Advisers Inc. PA acquired a new position in Newmark Group during the 4th quarter worth $1,368,000. 0.43% of the stock is owned by institutional investors and hedge funds.

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Newmark Group Company Profile

Newmark Group, Inc is a commercial real estate services company. The Company is focused on offering products and services to both owners and occupiers across the entire commercial real estate industry. Its investor/owner services and products include capital markets, which consists of investment sales, debt and structured finance and loan sales, agency leasing, property management, valuation and advisory, diligence and underwriting and government-sponsored enterprise lending and loan servicing.

Earnings History and Estimates for Newmark Group (NASDAQ:NMRK)

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