NEWMARK GROUP, INC. — Form 8-K
Filed October 29, 2026 · analyzed by the 8-K Agent
8-K
▼ Likely negative
significance 48/100
What the filing says
Newmark reported Q3 2026 revenues of $973.2M (+12.7% YoY) and post-tax adjusted EPS of $0.48 (+14.3% YoY), with YTD 2026 revenues of $2,708.1M (+18.4%) and adjusted EPS of $1.20 (+27.7%). Management revised full-year 2026 guidance downward: total revenues now $3,700–$3,800M (vs. prior $3,775–$3,875M), adjusted EPS $1.80–$1.90 (vs. prior $1.87–$1.98), and adjusted EBITDA $629–$667M (vs. prior $656–$694M), citing macroeconomic volatility and deal-timing uncertainty. S&P upgraded the issuer credit rating to BBB− from BB+ on September 16, 2026. The company maintained a 1.0x net leverage ratio and repurchased 14.3M shares for $210.5M YTD.
Why this rating
Strong Q3 results offset by material downward earnings guidance revision. At $1.8B market cap, $75–95M guidance cut (midpoint delta ~5% of EPS guidance) is moderate; macro headwinds signal near-term revenue/deal closure risk despite operational momentum.
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