earnings
confidence high
sentiment positive
materiality 0.80
Newmark Q2 revenue up 8.1% to $633.4M; Adjusted EPS $0.22 vs $0.18
NEWMARK GROUP, INC.
2024-Q2 EPS reported
-$0.01
revenue$1,179,874,000
- Total revenues $633.4M (+8.1% YoY); GAAP net income per diluted share $0.08 (up from $0.04).
- Adjusted EPS $0.22 (+22.2% YoY); Adjusted EBITDA $86.3M (+18.3%).
- Capital markets revenue +14.5% YoY, with investment sales +18% and mortgage brokerage +46%.
- Reaffirmed 2024 guidance; targets 50% AEBITDA growth to ~$630M by 2026.
- Quarterly dividend declared; #1 U.S. Office Broker with >30% market share in H1 2024.