Newmark Group Reiterates FY24 Outlook For Total Revenue, Adj. EBITDA, Adj. EPS, And The Adj. Earnings Tax Rate. With Respect To Share Count, Continues To Target Annual Share Count Growth Of 2% Or Less Over Time; Expects Between 2%-3% Growth In Fully Diluted Weighted-Average Share Count For Adjusted Earnings For FY24, Compared With 246.3M In 2023
Portfolio Pulse from Benzinga Newsdesk
Newmark Group has reiterated its FY24 outlook for total revenue, Adjusted EBITDA, Adjusted EPS, and the Adjusted Earnings tax rate. The company expects a 2%-3% growth in fully diluted weighted-average share count for adjusted earnings in FY24 compared to 2023.
August 02, 2024 | 2:52 pm
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Newmark Group has reiterated its FY24 outlook for total revenue, Adjusted EBITDA, Adjusted EPS, and the Adjusted Earnings tax rate. The company expects a 2%-3% growth in fully diluted weighted-average share count for adjusted earnings in FY24 compared to 2023.
The reaffirmation of the FY24 outlook for key financial metrics such as revenue, EBITDA, and EPS is a positive signal for investors, indicating stability and potential growth. The expected growth in share count is minimal, which should not significantly dilute earnings per share.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100