Newmark Group NMRK reported its Q3 earnings results on Friday, October 28, 2022 at 08:04 AM.
Here's what investors need to know about the announcement.
Earnings
Newmark Group missed estimated earnings by 12.5%, reporting an EPS of $0.35 versus an estimate of $0.4.
Revenue was down $123.48 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.11 which was followed by a 2.56% drop in the share price the next day.
Here's a look at Newmark Group's past performance:
| Quarter | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|
| EPS Estimate | 0.35 | 0.25 | 0.56 | 0.37 |
| EPS Actual | 0.46 | 0.36 | 0.65 | 0.50 |
| Revenue Estimate | 651.06M | 646.97M | 876.23M | 685.05M |
| Revenue Actual | 755.35M | 678.25M | 984.47M | 788.13M |
To track all earnings releases for Newmark Group visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Posted In: EarningsBZI-Recaps