Newmark Group (NASDAQ:NMRK) Third Quarter 2022 Results
Key Financial Results
- Revenue: US$664.6m (down 16% from 3Q 2021).
- Net income: US$28.0m (down 78% from 3Q 2021).
- Profit margin: 4.2% (down from 16% in 3Q 2021).
- The decrease in margin was driven by lower revenue.
- EPS: US$0.16 (down from US$0.65 in 3Q 2021).
NasdaqGS:NMRK Earnings and Revenue Growth October 30th 2022
All figures shown in the chart above are for the trailing 12 month (TTM) period
Newmark Group Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 8.5%. Earnings per share (EPS) also missed analyst estimates by 23%.
Looking ahead, revenue is forecast to grow 2.7% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Real Estate industry in the US.
Performance of the American Real Estate industry.
The company’s shares are down 7.0% from a week ago.
We don’t want to rain on the parade too much, but we did also find 2 warning signs for Newmark Group that you need to be mindful of.
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