Profile
Sector:
Real EstateIndustry:
ServicesCountry:
United StatesIPO:
15 December 2017Website:
http://nmrk.comNext earnings report:
26 July 2024Last dividends:
16 May 2024Next dividends:
N/APrice
after hours | 4 min agoAnalysts recommendations
Institutional Ownership
NMRK Latest News
Conference call scheduled for the same day at 10:00 a.m. ET NEW YORK , July 2, 2024 /PRNewswire/ -- Newmark Group, Inc. (Nasdaq: NMRK) ("Newmark" or "the Company"), a leading commercial real estate advisor and service provider to large institutional investors, global corporations, and other owners and occupiers, today announced the details of its second quarter 2024 financial results press release and conference call.
NEW YORK , June 10, 2024 /PRNewswire/ -- Newmark Group, Inc. (Nasdaq: NMRK) ("Newmark" or "the Company"), a leading commercial real estate advisor and service provider to large institutional investors, global corporations, and other owners and occupiers, today announced that Michael Rispoli, Chief Financial Officer will participate in a panel and one-on-one meetings at the Annual Morgan Stanley Financials, Payments & CRE Conference on Tuesday, June 11, 2024, and Jason McGruder, Head of Investor Relations will present at the East Coast IDEAS Investor Conference on Wednesday June 12, 2024. Both events will be held in New York, NY.
Newmark Group (NMRK) has the perfect mix of elements needed for a potential earnings surpass in its upcoming report. Make sure to be ready with the key expectations.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Newmark Group (NMRK) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Newmark Group (NMRK) could be a great choice for investors looking to buy stocks that have gained strong momentum recently but are still trading at reasonable prices. It is one of the several stocks that made it through our 'Fast-Paced Momentum at a Bargain' screen.
Newmark Group's recent quarterly results were largely consistent with what the market had anticipated earlier. NMRK's favorable FY 2024 guidance is justified on the basis that the recovery of the company's capital markets businesses is still in progress. I maintain a Buy rating for Newmark, as the stock has yet to fully price in the company's positive growth outlook.
Newmark Group Inc. said Friday it arranged the sale of the 62-story Aon Center in downtown Los Angeles for $153.5 million in what the real-estate-development company described as the largest fourth-quarter deal for office space in the Western United States.
NMRK's capital markets business is poised for a meaningful recovery in view of the positive interest rate outlook. Newmark Group boasts the highest revenue contribution from capital markets businesses among its peers, making it the best proxy for a recovery in capital markets. My Buy rating for NMRK remains unchanged, given that it trades at a wide valuation discount to its real estate commercial services peers.
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What type of business is Newmark?
Newmark Group, Inc. provides commercial real estate services in the United States and internationally. The company's investor/owner services and products include capital markets, such as investment, debt and structured finance, and loan sales; agency leasing, property management, and valuation and advisory; and commercial real estate due diligence consulting and advisory services, as well as government sponsored enterprise lending, loan servicing, mortgage broking, and equity-raising services. Its occupier services and products comprise tenant representation; real estate management technology systems; workplace and occupancy strategy; global corporate consulting; project management; account and transaction management; and lease administration and facilities management services. The company provides its services to commercial real estate tenants, investors, owners, occupiers, and developers, as well as lenders and multi-national corporations. As of December 31, 2021, it operated approximately 160 offices on four continents. The company was formerly known as Newmark Knight Frank and changed its name to Newmark Group, Inc. in October 2017. Newmark Group, Inc. was founded in 1929 and is based in New York, New York.
What sector is Newmark in?
Newmark is in the Real Estate sector
What industry is Newmark in?
Newmark is in the Services industry
What country is Newmark from?
Newmark is headquartered in United States
When did Newmark go public?
Newmark initial public offering (IPO) was on 15 December 2017
What is Newmark website?
https://nmrk.com
Is Newmark in the S&P 500?
No, Newmark is not included in the S&P 500 index
Is Newmark in the NASDAQ 100?
No, Newmark is not included in the NASDAQ 100 index
Is Newmark in the Dow Jones?
No, Newmark is not included in the Dow Jones index
When does Newmark report earnings?
The next expected earnings date for Newmark is 26 July 2024