NASDAQ$NMRK
Newmark Group Inc · Q4 2024 earnings
Q4 2024 earnings · · Before market open · Investor relations
Briefing
Newmark's growth accelerated, generating double-digit top line improvement across all major business lines, with significant gains in Management and Servicing, Capital Markets, and Leasing. The company's pipeline remains robust, positioning it for continued revenue and earnings growth.
Newmark reported strong fourth-quarter results, driven by double-digit revenue growth across all major business lines. Management and Servicing grew by 21%, Capital Markets by 20%, and Leasing by 15%. The company's Capital Markets platform significantly outperformed the industry, expanding its market share.
- Newmark's Management and Servicing grew by 21% year-over-year.
- Capital Markets increased by 20% year-over-year, significantly outpacing the industry.
- Leasing grew by 15% year-over-year, driven by strong double-digit growth in office leasing.
- The company increased total Capital Markets volumes by 113.2%, excluding Signature transactions.
Headline financials
Revenue & EPS history
Newmark · Revenue · Quarterly
$888M
Revenue by segment
Newmark · $241M total across 1 segment · Q2 2023
- Management Services$241M+3.0%100.0%
Forward guidance
Newmark anticipates continued growth in 2025, with revenue expected to range from $2.9 billion to $3.1 billion and Adjusted EPS between $1.40 and $1.50. The company targets an Adjusted EBITDA margin improvement and expects annual share count growth of 2% or less.
Tailwinds
- Total Revenues (millions): $2,900 - $3,100 (5% - 13% YoY Change)
- Adjusted Earnings Per Share: $1.40 - $1.50 (14% - 22% YoY Change)
- Adjusted Earnings Tax Rate: 14% - 16%
- Adjusted EBITDA (millions): $495 - $545 (11% - 22% YoY Change)
- Approximately 110 basis point improvement in its full year Adjusted EBITDA margin as industry transactions continue to recover in 2025 and the Company's Management and Servicing businesses generate further solid growth.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q4 2024
+0.3%
Avg return
Earnings day
+1.5%
Avg return
5 days after
+2.9%
Avg return
30 days after
39%
13 / 33 earnings
Positive
+20.1%
Q3 2023
Best reaction
-12.3%
Q3 2022
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -0.8% | -6.1% | — | |
| Q4 2025 | -0.5% | -3.7% | -2.9% | |
| Q3 2025 | -3.1% | -8.7% | -9.4% | |
| Q1 2025 | -0.6% | +0.5% | -0.5% | |
| Q4 2024 | +6.3% | +5.1% | -10.3% | |
| Q3 2024 | +0.7% | +6.2% | +5.3% | |
| Q2 2024 | -9.5% | -7.4% | +8.6% | |
| Q1 2024 | +1.2% | +0.7% | +4.3% | |
| Q4 2023 | -1.0% | +3.7% | +5.1% | |
| Q3 2023 | +20.1% | +26.3% | +48.3% | |
| Q2 2023 | +1.5% | +10.3% | -3.4% | |
| Q1 2023 | -8.8% | -11.5% | +2.0% | |
| Q4 2022 | -4.8% | -10.0% | -25.1% | |
| Q3 2022 | -12.3% | -17.7% | -9.5% | |
| Q2 2022 | -7.4% | -10.8% | -11.3% | |
| Q1 2022 | -10.4% | -5.1% | -15.8% | |
| Q4 2021 | -3.7% | +7.4% | -6.0% | |
| Q3 2021 | +3.4% | +3.1% | +3.8% | |
| Q2 2021 | -2.4% | +2.2% | +0.0% | |
| Q1 2021 | +18.2% | +19.2% | +19.0% | |
| Q4 2020 | +14.7% | +17.3% | +24.2% | |
| Q3 2020 | +13.3% | +34.5% | +56.9% | |
| Q2 2020 | +5.2% | +12.9% | +2.4% | |
| Q1 2020 | +19.1% | +3.4% | +82.1% | |
| Q4 2019 | -5.0% | -6.1% | -45.5% | |
| Q3 2019 | +6.9% | +18.1% | +31.4% | |
| Q2 2019 | -4.5% | -10.9% | -12.0% | |
| Q1 2019 | -5.0% | -2.1% | +1.8% | |
| Q4 2018 | -3.9% | -3.9% | -16.7% | |
| Q3 2018 | +1.1% | -4.1% | -5.8% | |
| Q2 2018 | -4.7% | -1.2% | -7.1% | |
| Q1 2018 | -5.6% | -4.8% | -11.6% | |
| Q4 2017 | -7.8% | -6.4% | -8.6% | |
| Q2 2017 | — | — | — |
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