Newmark Group Q1 2024 Adj EPS $0.15, Inline, Sales $546.499M Beat $526.067M Estimate
Portfolio Pulse from Benzinga Newsdesk
Newmark Group (NMRK) reported Q1 2024 adjusted EPS of $0.15, meeting analyst estimates, with sales of $546.499M surpassing the $526.067M forecast, marking a 4.93% increase from the previous year.
May 03, 2024 | 12:09 pm
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Newmark Group reported a steady EPS of $0.15, in line with expectations, and a notable sales increase to $546.499M, exceeding estimates.
Meeting EPS estimates while exceeding sales forecasts typically has a positive impact on investor sentiment and stock price in the short term. The reported sales growth of 4.93% YOY further strengthens the company's financial position and growth trajectory, likely leading to increased investor confidence.
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