Core Insights - Three stocks with strong momentum and a Zacks Rank 1 are highlighted for investors: Newmark Group, Molson Coors Beverage Company, and Palomar Holdings [1][2][3] Group 1: Newmark Group, Inc. (NMRK) - Newmark is a commercial real estate services provider with a Zacks Rank 1 [1] - The Zacks Consensus Estimate for its current year earnings increased by 1.5% over the last 60 days [1] - Newmark's shares gained 12.1% over the last six months, outperforming the S&P 500's 9.2% increase [1] - The company has a Momentum Score of A [1] Group 2: Molson Coors Beverage Company (TAP) - Molson Coors is a beverage company with a Zacks Rank 1 [2] - The Zacks Consensus Estimate for its current year earnings increased by 4.7% over the last 60 days [2] - Molson Coors' shares gained 14.6% over the last six months, also outperforming the S&P 500's 9.2% increase [2] - The company possesses a Momentum Score of A [2] Group 3: Palomar Holdings, Inc. (PLMR) - Palomar is an insurance company with a Zacks Rank 1 [3] - The Zacks Consensus Estimate for its current year earnings increased by 7.4% over the last 60 days [3] - Palomar's shares gained 13.0% over the last three months, significantly outperforming the S&P 500's 3.2% increase [3] - The company has a Momentum Score of A [3]

Group 1 - Newmark Group, Inc. has appointed Stephen Merkel as the new Chairman of the Board of Directors following Howard W. Lutnick's resignation due to his confirmation as the 41st Secretary of Commerce [1][2] - Stephen Merkel has been with Newmark since its acquisition by BGC Partners and will continue to serve as Executive Vice President and Chief Legal Officer [2][3] - Kyle Lutnick, previously Global Managing Director of Knotel, Inc., will join the Board of Directors [6] Group 2 - Stephen Merkel has over 30 years of experience and has been a close advisor to Howard Lutnick, indicating strong leadership continuity within the company [3] - Merkel's background includes significant roles at Cantor Fitzgerald and Goldman Sachs, enhancing his qualifications for the Chairman position [4] - Newmark generated revenues of nearly $2.8 billion for the twelve months ended December 31, 2024, and operates approximately 170 offices with over 8,000 professionals globally [8]

NEW YORK, Feb. 18, 2025 /PRNewswire/ -- Newmark Group, Inc. (Nasdaq: NMRK) ("Newmark" or "the Company"), a leading commercial real estate advisor and service provider to large institutional investors, global corporations, and other owners and occupiers, today announced that Chief Executive Officer Barry M. Gosin will assume the additional role of Chairman of its operating company, Newmark & Company Real Estate, Inc.Mr. Lutnick, who was confirmed today as the United States 41st Secretary of Commerce, has ste ...

Kyle Lutnick will also join the BoardNEW YORK, Feb. 18, 2025 /PRNewswire/ -- Newmark Group, Inc. (Nasdaq: NMRK) ("Newmark" or "the Company"), a leading commercial real estate advisor and service provider to large institutional investors, global corporations, and other owners and occupiers, today announced Stephen Merkel has been named Chairman of the Board of Directors. Howard W. Lutnick, who was confirmed today by the United States Senate as the 41st Secretary of Commerce, has stepped down as Executive Cha ...

NEW YORK, Feb. 18, 2025 /PRNewswire/ -- Newmark Group, Inc. (Nasdaq: NMRK) ("Newmark" or "the Company"), a leading commercial real estate advisor and service provider to large institutional investors, global corporations, and other owners and occupiers, today announced Howard W. Lutnick, Executive Chairman, has been confirmed by the United States Senate as the 41st Secretary of Commerce and, as a result, has stepped down as Chairman of the Board and from his executive positions at the Company.Mr. Lutnick, a ...

Financial Data and Key Metrics Changes - Revenues increased by 18.8% to $888.3 million, reflecting strong performance across all business lines despite challenging comparisons [16] - Adjusted EPS rose by 19.6% to $0.55, indicating solid earnings growth [20] - Adjusted EBITDA was $182.9 million, up 10.1%, with a margin improvement of approximately 55 basis points to 16.2% for the full year [21][24] Business Line Data and Key Metrics Changes - Management services, servicing, and other revenues grew by 21.1%, marking the sixth consecutive period of year-on-year improvement [17] - Leasing revenues increased by 15.1%, driven by strong growth in office transactions [17] - Capital markets revenues grew by 20%, with total capital markets volumes increasing by 113.2% when excluding the Signature transactions [18][10] Market Data and Key Metrics Changes - U.S. debt market share increased by approximately 300 basis points to 9%, significantly up from 1.5% in 2015 [10] - The company anticipates industry capital markets volumes to see double-digit gains due to stabilization of interest rates and significant U.S. debt maturities [11] Company Strategy and Development Direction - The company is focused on expanding its market share and enhancing its brand as a key adviser for complex transactions [12] - Newmark aims to achieve at least $630 million in adjusted EBITDA by 2026, with a target of $1.75 in adjusted EPS by 2026, representing over 40% earnings growth [26][27] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in strong revenue and earnings growth for 2025, despite potential market headwinds [12][49] - The company is optimistic about the industrial sector, driven by reshoring and investment in advanced manufacturing [51][52] Other Important Information - The company ended the year with $197.7 million in cash and cash equivalents and a net leverage of 1.1 times [23] - Newmark repurchased 18.6 million shares for $224.9 million at an average price of $12.09 [22] Q&A Session Summary Question: Impact of Howard's departure on G&A and D&O premiums - Management confirmed that Howard's departure is reflected in guidance, including any premium increases in D&O [30] Question: Data centers growth and challenges - Management highlighted significant business in data centers, driven by reshoring and AI investments, while acknowledging long-term power issues [33] Question: Low forgivable loan spend in Q4 - Management explained that the low spend in Q4 is a point in time, with over $200 million spent for the year, and expects continued investment in growth [40] Question: Leadership turnover at FHFA and multifamily activity - Management noted that any changes in Fannie and Freddie's ownership structure would not significantly impact their outlook for multifamily activity [43] Question: Capital markets activity and guidance for 2025 - Management indicated strong pipelines across all businesses, expecting double-digit growth in capital markets despite market headwinds [49] Question: Debt deals from banks and market trends - Management anticipates a gradual trickle of CRE loans from banks over the next five years, with a shift towards private capital [59] Question: Profitability of international expansion - Management expressed confidence that profit margins internationally could be equal to or better than those in the U.S. [72]

NEW YORK, Feb. 14, 2025 /PRNewswire/ -- Newmark Group, Inc. (Nasdaq: NMRK) ("Newmark" or "the Company"), a leading commercial real estate advisor and service provider to large institutional investors, global corporations, and other owners and occupiers, announces the firm acted as lead commercial real estate advisor to Blackstone in its acquisition of Retail Opportunity Investments Corp ("ROIC"). The transaction closed Wednesday, February 12.   Newmark Co-Head of U.S. Capital Markets Doug Harmon, Head of Re ...

Newmark Group (NMRK) came out with quarterly earnings of $0.55 per share, beating the Zacks Consensus Estimate of $0.48 per share. This compares to earnings of $0.46 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 14.58%. A quarter ago, it was expected that this provider of commercial real estate services would post earnings of $0.31 per share when it actually produced earnings of $0.33, delivering a surprise of 6.45%.Over the ...

"Newmark's growth continued to accelerate as we generated solid double-digit top line improvement across every major business line. The Company grew Management and Servicing by 21%, Capital Markets by 20%, and Leasing by 15%. Our Capital Markets platform materially outpaced the industry as we continued to expand our market share. Excluding the fourth quarter 2023 Signature transactions, Newmark increased volumes by 209% for Mortgage Brokerage and Debt Placement, 85% for GSE/FHA origination, and 71% for Inve ...

Core Viewpoint - Newmark Group, Inc. reported its financial results for the year ending December 31, 2024, and announced a quarterly dividend, highlighting its position as a leading commercial real estate advisor and service provider [1][3]. Financial Performance - For the twelve months ended December 31, 2024, Newmark generated revenues of nearly $2.8 billion [3]. - The company is scheduled to discuss its financial results in a conference call at 10:00 a.m. ET today [1]. Company Overview - Newmark operates approximately 170 offices with over 8,000 professionals across four continents, providing a comprehensive suite of services tailored to various clients, including owners, occupiers, investors, and corporations [3]. - The company emphasizes its global reach and market intelligence in both established and emerging property markets [3].