Q3 2023 Earnings Estimate for The Real Brokerage Inc. Issued By William Blair (NASDAQ:REAX)

Posted by on Aug 14th, 2023

The Real Brokerage Inc. (NASDAQ:REAX – Free Report) – Equities research analysts at William Blair cut their Q3 2023 earnings per share (EPS) estimates for Real Brokerage in a research note issued on Wednesday, August 9th. William Blair analyst S. Sheldon now expects that the company will earn ($0.03) per share for the quarter, down from their previous estimate of ($0.02). William Blair has a “Outperform” rating on the stock. The consensus estimate for Real Brokerage’s current full-year earnings is ($0.13) per share. William Blair also issued estimates for Real Brokerage’s Q4 2023 earnings at ($0.03) EPS, FY2023 earnings at ($0.12) EPS and FY2024 earnings at ($0.04) EPS.

Real Brokerage (NASDAQ:REAX – Get Free Report) last posted its quarterly earnings data on Thursday, May 11th. The company reported ($0.04) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.01). Real Brokerage had a negative net margin of 4.71% and a negative return on equity of 125.41%. The firm had revenue of $107.85 million during the quarter, compared to analysts’ expectations of $83.82 million.

Real Brokerage Trading Down 5.3 %

Real Brokerage stock opened at $1.78 on Monday. The business’s 50 day simple moving average is $1.70 and its 200 day simple moving average is $1.42. Real Brokerage has a 12 month low of $1.00 and a 12 month high of $2.09. The company has a market cap of $321.02 million, a price-to-earnings ratio of -13.69 and a beta of 1.06.

Institutional Investors Weigh In On Real Brokerage

A number of hedge funds and other institutional investors have recently bought and sold shares of REAX. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new stake in Real Brokerage during the 1st quarter valued at $167,000. HBK Sorce Advisory LLC bought a new stake in Real Brokerage during the 1st quarter valued at $105,000. CWM LLC bought a new stake in Real Brokerage during the 4th quarter valued at $39,000. First Manhattan CO. LLC. raised its holdings in Real Brokerage by 56.0% during the 1st quarter. First Manhattan CO. LLC. now owns 100,252 shares of the company’s stock valued at $121,000 after acquiring an additional 36,000 shares during the period. Finally, Millennium Management LLC raised its holdings in Real Brokerage by 64.0% during the 2nd quarter. Millennium Management LLC now owns 71,383 shares of the company’s stock valued at $109,000 after acquiring an additional 27,861 shares during the period. Institutional investors own 32.83% of the company’s stock.

Real Brokerage Company Profile

(Get Free Report)

The Real Brokerage Inc, together with its subsidiaries, operates as a technology-powered real estate brokerage company. It offers brokerage services for the real estate market through a network of agents. The company provides agents a mobile focused tech-platform to run the business. It operates in the United States, the District of Columbia, and Canada.

See Also

Earnings History and Estimates for Real Brokerage (NASDAQ:REAX)

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