Newmark Q3 revenue beats analyst expectations

Overview

• US commercial real estate advisor's Q3 revenue beat analyst expectations

• Adjusted EPS for Q3 beat analyst expectations

Outlook

• For FY 2026 company forecasts total revenue of $3,700 million - $3,800 million

• Revised 2026 outlook is due to the challenging macroeconomic environment,, company says

Result Drivers

• Double-digit gains in Leasing and in our recurring businesses, company says

Company press release:

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the real estate services peer group is "buy"

• Wall Street's median 12-month price target for Newmark Group Inc is $18.00, about 49.3% above its October 28 closing price of $12.06

• The stock recently traded at 6 times the next 12-month earnings vs. a P/E of 7 three months ago

Reuters Recommended Reads

• Oct 27 - Real estate data platform CoStar Group's Q3 revenue slightly beats; FY outlook lifted

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• Oct 29 - European property slump deepens as higher borrowing costs force price cuts

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)