Real estate services firm Newmark (NASDAQ: NMRK) will be announcing earnings results this Wednesday before market hours. Here’s what to expect.

Newmark beat analysts’ revenue expectations last quarter, reporting revenues of $863.5 million, up 25.9% year on year. It was a mixed quarter for the company, with an impressive beat of analysts’ revenue estimates but a significant miss of analysts’ adjusted operating income estimates.

Is Newmark a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, the market is expecting Newmark’s revenue to grow 15.1% year on year, slowing from the 16.8% increase it recorded in the same quarter last year.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Newmark has a history of exceeding Wall Street’s expectations.

Looking at Newmark’s peers in the consumer discretionary - real estate services segment, some have already reported their Q4 results, giving us a hint as to what we can expect. Howard Hughes Holdings’s revenues decreased 36.5% year on year, beating analysts’ expectations by 5.5%, and Marcus & Millichap reported revenues up 1.6%, topping estimates by 6.3%. Howard Hughes Holdings traded down 8.1% following the results while Marcus & Millichap was up 3.4%.

Read our full analysis of Howard Hughes Holdings’s results here and Marcus & Millichap’s results here.

The outlook for 2025 remains clouded by potential trade policy changes and corporate tax discussions, which could impact business confidence and growth. While some of the consumer discretionary - real estate services stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 2.9% on average over the last month. Newmark is down 16.8% during the same time and is heading into earnings with an average analyst price target of $21 (compared to the current share price of $14.45).

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