Real estate technology company The Real Brokerage (NASDAQ: REAX) will be reporting earnings this Wednesday before the bell. Here’s what you need to know.
The Real Brokerage beat analysts’ revenue expectations last quarter, reporting revenues of $568.5 million, up 52.6% year on year. It was a stunning quarter for the company, with EPS in line with analysts’ estimates and a solid beat of analysts’ EBITDA estimates.
Is The Real Brokerage 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 The Real Brokerage’s revenue to grow 33.9% year on year, slowing from the 93.4% 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. The Real Brokerage has a history of exceeding Wall Street’s expectations.
Looking at The Real Brokerage’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. Marcus & Millichap delivered year-on-year revenue growth of 1.6%, beating analysts’ expectations by 6.3%, and Opendoor reported a revenue decline of 32.1%, topping estimates by 23.7%. Marcus & Millichap traded up 3.4% following the results while Opendoor was also up 7.5%.
Read our full analysis of Marcus & Millichap’s results here and Opendoor’s results here.
Investors in the consumer discretionary - real estate services segment have had fairly steady hands going into earnings, with share prices down 1.8% on average over the last month. The Real Brokerage is down 22.1% during the same time and is heading into earnings with an average analyst price target of $5.93 (compared to the current share price of $2.65).
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