Real estate technology company The Real Brokerage (NASDAQ: REAX) will be reporting results this Thursday before market hours. Here’s what you need to know.
The Real Brokerage beat analysts’ revenue expectations last quarter, reporting revenues of $505.1 million, up 44.1% year on year. It was an incredible quarter for the company, with a beat of analysts’ EPS 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 36.1% year on year, slowing from the 76.3% increase it recorded in the same quarter last year.
The majority of analysts covering the company have 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 Q1 results, giving us a hint as to what we can expect. CBRE delivered year-on-year revenue growth of 18.2%, beating analysts’ expectations by 2.5%, and Newmark reported revenues up 27.2%, topping estimates by 13.2%. CBRE traded down 3.4% following the results while Newmark was up 1.7%.
Read our full analysis of CBRE’s results here and Newmark’s results here.
There has been positive sentiment among investors in the consumer discretionary - real estate services segment, with share prices up 6% on average over the last month. The Real Brokerage is down 18% during the same time and is heading into earnings with an average analyst price target of $5.35 (compared to the current share price of $2.08).
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