Newmark Group Inc (NMRK) to Post FY2017 Earnings of $0.97 Per Share, Wedbush Forecasts

Newmark Group Inc (NASDAQ:NMRK) – Analysts at Wedbush issued their FY2017 EPS estimates for shares of Newmark Group in a research note issued to investors on Tuesday. Wedbush analyst J. Weaver expects that the company will post earnings of $0.97 per share for the year. Wedbush has a “Outperform” rating and a $20.00 price objective on the stock. Wedbush also issued estimates for Newmark Group’s Q4 2017 earnings at $0.34 EPS, Q1 2018 earnings at $0.23 EPS, Q2 2018 earnings at $0.30 EPS, Q3 2018 earnings at $0.41 EPS, Q4 2018 earnings at $0.49 EPS, FY2018 earnings at $1.44 EPS, Q1 2019 earnings at $0.27 EPS, Q2 2019 earnings at $0.31 EPS, Q3 2019 earnings at $0.67 EPS, Q4 2019 earnings at $0.41 EPS and FY2019 earnings at $1.67 EPS.

Several other equities research analysts have also recently issued reports on NMRK. Keefe, Bruyette & Woods began coverage on Newmark Group in a report on Tuesday. They set a “market perform” rating and a $17.00 price objective on the stock. Sandler O’Neill began coverage on Newmark Group in a report on Tuesday. They set a “buy” rating and a $18.50 price objective on the stock. Bank of America began coverage on Newmark Group in a report on Tuesday. They set a “buy” rating and a $20.00 price objective on the stock. Finally, Goldman Sachs Group began coverage on Newmark Group in a report on Tuesday. They set a “buy” rating and a $24.00 price objective on the stock. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Newmark Group has an average rating of “Buy” and an average price target of $19.90.

Shares of Newmark Group (NMRK) opened at $15.97 on Thursday. Newmark Group has a fifty-two week low of $13.72 and a fifty-two week high of $16.74. The stock has a market capitalization of $2,340.00 and a price-to-earnings ratio of 13.65.

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About Newmark Group

Newmark Group, Inc is a commercial real estate services company. The Company is focused on offering products and services to both owners and occupiers across the entire commercial real estate industry. Its investor/owner services and products include capital markets, which consists of investment sales, debt and structured finance and loan sales, agency leasing, property management, valuation and advisory, diligence and underwriting and government-sponsored enterprise lending and loan servicing.

Earnings History and Estimates for Newmark Group (NASDAQ:NMRK)

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