earnings
confidence high
sentiment positive
materiality 0.75
Newmark Q3 revenue up 11% to $686M; Adjusted EPS $0.33 (+22%)
NEWMARK GROUP, INC.
2024-Q3 EPS reported
$0.09
revenue$1,865,786,000
- Total revenues $685.9M (+11.3% YoY); GAAP net income per diluted share $0.10 (+66.7%).
- Adjusted EPS $0.33 (+22.2%); Pre-tax Adjusted Earnings $95.5M (+22.8%).
- Capital Markets revenues +18.5% YoY; Management Services, Servicing, Other +11.4%.
- Advised on $3.4B data center JV in Texas and up to $5B JV for AI data centers across U.S.
- Organic growth 100%; strong pipeline of Capital Markets transactions expected to continue.