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NMRK · Analysis updated Nov 10, 2026, 6:00 PM ET
Why is Newmark Group, Inc. Class A Common Stock (NMRK) stock moving?
Newmark posted a beat in Q3 2026, with revenue of $973.2M (up 12.7% year on year), adjusted EPS of $0.48 (up 14.3%), and adjusted EBITDA of $166.4M (up 14.6%). Management Services, Servicing Fees and Other grew 18.3%, the fifth consecutive record quarter for those recurring lines, and Leasing rose 26.5%. However, the company lowered FY2026 guidance to adjusted EPS of $1.80-$1.90 and sales of $3.700B-$3.800B, both below consensus, citing macroeconomic volatility that affects the timing and certainty of deal closings. The stock fell from $12.06 to $11.38 on Oct 29 on 3.1M shares, then recovered to $12.36 by Nov 4. Recent wins include the New York Knicks and Rangers partnership (Nov 5) and a long-term property management mandate from 601W Companies covering over 21 million square feet. On Nov 10 the stock dropped about 6.2% to $11.32 on 2.97M shares, a session low of $11.295, with no company news in the supplied set explaining the move. That price sits close to the Oct 29 low of $11.13, and volume is above the roughly 2.6M two-week average. Near-term direction looks unclear, while the recurring-revenue growth supports a more constructive longer-term view.
News behind the analysis
- Newmark Named Official Commercial Real Estate Partner of the New York Knicks and New York RangersNewmark entered a multi-faceted partnership with Madison Square Garden Entertainment Corp. and its affiliated sports entities, becoming the official commercial real estate partner for the Knicks and Rangers.
- Newmark Advises on Brightshore Capital Acquisition in New York CityNewmark acted as advisor on the sale and acquisition financing of a New York City commercial real estate asset acquired by Brightshore Capital.
- Newmark Group, Inc. Reports Q3 2026 Financial Results and Updates Full-Year OutlookQ3 2026 revenue and earnings beat analyst expectations, but the full-year outlook fell short of consensus estimates.
- Newmark Group Q3 2026 Earnings Call TranscriptTranscript of the company's third-quarter 2026 earnings call, held on Thursday, October 29, 2026.
- Newmark Group Lowers FY2026 Adj EPS Guidance from $1.87-$1.98 to $1.80-$1.90 vs $1.93 Est; Lowers FY2026 Sales Guidance from $3.775B-$3.875B to $3.700B-$3.800B vs $3.823B EstNewmark cut its FY2026 adjusted EPS guidance to $1.80-$1.90 and sales guidance to $3.700B-$3.800B, both below consensus estimates.
- Newmark Group Q3 Adj. EPS $0.48 Beats $0.47 Estimate, Sales $973.200M Beat $959.943M EstimateQ3 adjusted EPS of $0.48 and sales of $973.2M both beat analyst estimates.
- Hyperscale Data Engages Newmark to Arrange Non-Dilutive Long-Term Debt FinancingHyperscale Data engaged Newmark to identify lenders for non-dilutive long-term debt financing for its AI data center campus in Michigan.
About Newmark Group, Inc. Class A Common Stock
Newmark Group is a New York-based commercial real estate advisory and services firm. It works for large institutional investors, corporations, property owners and lenders, and brought in roughly $3.7 billion of revenue over the twelve months to September 2026. Originally part of Cantor Fitzgerald and BGC, it is known for a strong capital markets business, including investment sales and debt placement, and for originating and servicing loans backed by Fannie Mae, Freddie Mac and the FHA.
How it makes money
Newmark has three main businesses. Management services and servicing earns recurring fees from property and facilities management, outsourcing, valuation and loan servicing, and is roughly 40-45% of revenue. Leasing advisory earns commissions for representing tenants and landlords, at roughly 25-30%. Capital markets earns fees for investment sales, mortgage brokerage and debt placement, plus income from originating loans for the government-sponsored mortgage agencies, at roughly 25-30%. These shares are approximate.
What usually moves NMRK
- Commercial property sales and financing volumes
- Interest rates and credit conditions
- Office and industrial leasing demand
- Growth in recurring management and servicing fees
- Broker hiring, retention and compensation costs