Can Newmark Group (NMRK) Run Higher on Rising Earnings Estimates?

Core Viewpoint - Newmark Group (NMRK) is experiencing solid improvement in earnings estimates, which is likely to positively impact its stock price [1][2] Earnings Estimate Revisions - Current-quarter earnings are projected at $0.19 per share, reflecting a year-over-year increase of +26.67% [4] - The Zacks Consensus Estimate for the current quarter has risen by 5.71% over the last 30 days, with one estimate increasing and no negative revisions [4] - For the full year, earnings are expected to be$ 1.45 per share, indicating a year-over-year change of +17.89% [5] - The consensus estimate for the full year has also increased by 5.45%, with one estimate moving higher and no negative revisions [5] Zacks Rank and Performance - Newmark Group currently holds a Zacks Rank 1 (Strong Buy), indicating strong potential for outperformance [6] - Stocks with Zacks Rank 1 and 2 have historically outperformed the S&P 500 [6] - The stock has gained 5.5% over the past four weeks due to strong estimate revisions, suggesting further upside potential [7]