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Investing.com -- Newmark Group , Inc. (NASDAQ:NMRK) shares dropped 3.9% after the commercial real estate services firm reported first quarter earnings that beat expectations but provided full-year guidance that failed to impress investors.
The company reported adjusted earnings per share of $0.21 for Q1 2025, surpassing analyst estimates of $0.19. Revenue came in at $665.5 million, up 21.8% YoY and ahead of the $613.2 million consensus forecast.
Newmark saw strong growth across its business lines, with leasing fees up 31% and capital markets revenues rising 32.7%. Management services, servicing and other revenues increased 10.5%.
"We are pleased to report another successful quarter, demonstrating robust growth and strong operating performance," said CEO Barry M. Gosin.
However, Newmark’s full-year 2025 outlook appeared to disappoint investors. The company forecasts adjusted EPS of $1.40-$1.50 on revenue of $2.9-$3.1 billion. The EPS guidance range is in line with analyst expectations of $1.41.
While maintaining its previous guidance, Newmark noted the outlook is "largely dependent on the macroeconomic environment, which is difficult to predict considering ongoing uncertainty with respect to tariffs and interest rate volatility."
The stock’s decline suggests investors were hoping for more upbeat full-year projections following the strong Q1 results. Newmark shares were down 3.9% following the earnings release.
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