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Stock impact report

Q3 Earnings Highlights: Newmark (NASDAQ:NMRK) Vs The Rest Of The Real Estate Services Stocks [Yahoo! Finance]

The Real Brokerage, Inc. - Common Shares (REAX) 
Company Research Source: Yahoo! Finance
Let's take a look at how Newmark (NASDAQ:NMRK) and the rest of the real estate services stocks fared in Q3. Technology has been a double-edged sword in real estate services. On the one hand, internet listings are effective at disseminating information far and wide, casting a wide net for buyers and sellers to increase the chances of transactions. On the other hand, digitization in the real estate market could potentially disintermediate key players like agents who use information asymmetries to their advantage. The 12 real estate services stocks we track reported a strong Q3. As a group, revenues beat analysts' consensus estimates by 3.3% while next quarter's revenue guidance was 0.8% below. In light of this news, share prices of the companies have held steady. On average, they are relatively unchanged since the latest earnings results. Newmark (NASDAQ:NMRK) Founded in 1929, Newmark (NASDAQ:NMRK) provides commercial real estate services, including leasing advisory, global co Show less Read more
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