Newmark Group Q4 2023 Adj EPS $0.46 Misses $0.47 Estimate, Sales $747.44M Beat $743.53M Estimate
Portfolio Pulse from Benzinga Newsdesk
Newmark Group (NASDAQ:NMRK) reported Q4 2023 adjusted EPS of $0.46, missing the consensus estimate of $0.47 by 2.13%. However, their sales of $747.44M exceeded estimates by 0.53% and showed a 23.08% increase from the previous year.
February 22, 2024 | 1:10 pm
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NEUTRAL IMPACT
Newmark Group's Q4 2023 earnings missed EPS estimates but beat sales forecasts, showing significant year-over-year growth.
While the EPS miss might concern some investors, the significant sales beat and year-over-year growth could offset negative sentiment. The mixed results present a neutral short-term outlook for NMRK's stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100