Newmark Group Q1 2023 Earnings Report

Newmark Group EPS Results

• Actual EPS: $0.15
• Consensus EPS: $0.17
• Beat/Miss: Missed by -$0.02
• One Year Ago EPS: $0.36

Newmark Group Revenue Results

• Actual Revenue: $520.80 million
• Expected Revenue: $514.07 million
• Beat/Miss: Beat by +$6.73 million
• YoY Revenue Growth: -23.20%

Newmark Group Announcement Details

• Quarter: Q1 2023
• Date: 5/5/2023
• Time: Before Market Opens

Newmark Group (NASDAQ:NMRK) provides commercial real estate services in the United States, the United Kingdom, and internationally. The company offers capital markets consisting of investment sales and commercial mortgage brokerage; landlord or agency representation leasing; valuation and advisory; property management; commercial real estate technology platform and capabilities; the United Kingdom business rates services; due diligence, consulting, and other advisory services; GSEs and the Federal Housing Administration lending services comprising multifamily lending and loan servicing; asset management; and flexible workspace solutions for owners. It also provides tenant representation leasing; and global corporate services consisting of workplace and occupancy strategy, energy and sustainability services, technology, project management, real estate and lease administration, and facilities management. The company offers its services to commercial real estate tenants, investors, owners, occupiers, and developers; lenders; small and medium size businesses; and multi-national corporations. The company was formerly known as Newmark Grubb Knight Frank Capital Group and changed its name to Newmark Group, Inc. in October 2017. Newmark Group, Inc. was founded in 1929 and is based in New York, New York. Newmark Group, Inc.operates is a subsidiary of Cantor Fitzgerald, L.P.