Earnings Estimates Moving Higher for Newmark Group (NMRK): Time to Buy?

Core Viewpoint - Newmark Group (NMRK) is positioned as a strong investment opportunity due to its improving earnings outlook and analysts' increasing earnings estimates [1][2]. Earnings Estimates - Analysts are optimistic about Newmark Group's earnings prospects, leading to upward revisions in estimates, which are expected to positively impact the stock price [2]. - The current-quarter earnings estimate is projected at $0.41 per share, reflecting a year-over-year increase of +24.2%. Over the last 30 days, two estimates have been revised upward, resulting in a 10.96% increase in the Zacks Consensus Estimate [6]. - For the full year, the earnings estimate stands at $1.52 per share, indicating a +23.6% change from the previous year. One estimate has been revised upward in the past month, contributing to a 5.21% increase in the consensus estimate [7][8]. Zacks Rank - Newmark Group has achieved a Zacks Rank of 2 (Buy), indicating strong agreement among analysts regarding the positive earnings revisions. This ranking is part of a system that has historically shown outperformance, with Zacks 1 Ranked stocks averaging a +25% annual return since 2008 [3][9]. - Stocks with Zacks Rank 1 (Strong Buy) and 2 (Buy) have been shown to significantly outperform the S&P 500 [9]. Stock Performance - Newmark Group shares have increased by 21.3% over the past four weeks, suggesting investor confidence in the company's earnings growth potential [10].