Newmark Q1 revenue beats estimates but stock falls 5.7%

StockStory··Read original
2▲2 ▼3Impact / 5
Summary · why it matters

Newmark reported first-quarter revenues of $846.5 million, up 27.2% year on year and exceeding analysts' expectations by 13.2%, alongside full-year revenue guidance that also topped estimates. Among the 14 consumer discretionary real estate services stocks tracked, the group overall beat revenue consensus by 3.8% but issued next-quarter guidance 6.7% below expectations, and shares have fallen an average of 6.4% since reporting. Howard Hughes Holdings posted the biggest beat, with revenues of $235.9 million surpassing estimates by 20.4%, while RE/MAX was the weakest, missing revenue expectations by 2.7% with a 5.7% year-on-year decline. Compass recorded the fastest revenue growth at 99.4% year on year to $2.70 billion and raised guidance the most among peers, while The Real Brokerage missed revenue estimates by 3.4% despite a 31.5% increase.

Impact on assets 7

Real Estate± Mixed
Newmark Group Inc
NMRK
▼ NegativeCapitalrelevance

Newmark reported Q1 revenue beat and raised guidance, but stock fell 5.7% likely due to market disappointment or broader sector weakness.

Howard Hughes Holdings Inc.
HHH
▲ PositiveDemandrelevance

Howard Hughes Holdings posted the biggest revenue beat, with revenues of $235.9 million surpassing estimates by 20.4%.

Re Max Holding
RMAX
▼ NegativeDemandrelevance

RE/MAX was the weakest, missing revenue expectations by 2.7% with a 5.7% year-on-year decline.

Real Brokerage Inc
REAX
▼ NegativeDemandrelevance

The Real Brokerage missed revenue estimates by 3.4% despite a 31.5% increase.

Information Technology▲
Compass Inc
COMP
▲ PositiveDemandrelevance

Compass recorded the fastest revenue growth at 99.4% year on year and raised guidance the most among peers.

Consumer Discretionary▲
Others▲