A Preview Of Newmark Group's Earnings
Portfolio Pulse from Benzinga Insights
Newmark Group (NASDAQ:NMRK) is expected to report an EPS of $0.47 in its upcoming quarterly earnings on 2024-02-22. Historically, the company has shown mixed results in beating EPS estimates, with a slight increase in share price following last quarter's earnings beat. Shares are currently trading at $10.66, reflecting a 26.71% increase over the last 52 weeks. Investors are advised to watch for the company's guidance for the next quarter, which could significantly impact the stock price.
February 21, 2024 | 6:01 pm
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Newmark Group is anticipated to report an EPS of $0.47 in its upcoming earnings, with historical data showing mixed results in beating estimates. The stock has seen a 26.71% increase over the past year, with guidance for the next quarter being a key factor to watch.
Given the historical performance where NMRK's stock price increased following an earnings beat last quarter, and considering the overall positive trend over the past year, there is a positive outlook for the short term. However, the actual impact will heavily depend on whether the company meets or exceeds the EPS estimate and the nature of the guidance provided for the next quarter.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100