Newmark Group, Inc. (NASDAQ:NMRK) is expected to report third quarter earnings results, before market open, on Thursday 5th November 2020.
Analysts polled by Thomson Reuters anticipate third quarter income of $ 0.42 per share.
Looking ahead, the full year income are expected at $ 0.87 per share on the revenues of $ 1665.43 million.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 2,400.00 million ~ $ 2,500.00 million, where as bottomline are predicted in a range of $ 1.70 ~ $ 1.76 per share
Click Here For More Historical Outlooks Of Newmark Group, Inc.
Previous Quarter Performance
Newmark Group, Inc. outlined income for the second quarter of $ 0.10 per share, from the revenue of $ 383.72 million. The quarterly earnings 66.67 percent while revenues decreased 30.42 percent compared with the same quarter last year.
Wall street analysts are predicting, NMRK to report 2Q20 income of $ 0.19 per share from revenue of $ 393.39 million. The bottom line results missed street analysts by $ 0.09 or 47.37 percent, at the same time, top line results fell short of analysts by $ 9.67 million or 2.46 percent.
Stock Performance
Shares of Newmark Group, Inc. traded up $ 0.02 or 0.30 percent on Wednesday, reaching $ 4.95 with volume of 686.20 thousand shares. Newmark Group, Inc. has traded high as $ 5.13 and has cracked $ 4.55 on the downward trend
The closing price of $ 4.95, representing a 97.99 % increase from the 52 week low of $ 2.49 and a 64.4 % decrease over the 52 week high of $ 13.85.
The company has a market capital of $ 886.42 million and is part of the Real Estate sector and Real Estate Services industry.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.01 per share on August 6, 2020. The dividend were payable on September 14, 2020 to holders of record as of the close of business on August 26, 2020 and ex-dividend date on August 25, 2020.
Conference Call
Newmark Group, Inc. will be hosting a conference call at 10:00 AM eastern time on 5th November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.ngkf.com
Newmark Group, Inc. provides commercial real estate services in the United States and internationally. Its investor/owner services and products include capital markets, such as investment sales; and agency leasing, property management, valuation and advisory, and diligence and underwriting, as well as government sponsored enterprise lending, loan servicing, debt and structured finance, and loan sales under the Newmark Knight Frank name.
