RealReal (REAL) to Release Quarterly Earnings on Tuesday

RealReal (NASDAQ:REAL) is scheduled to issue its quarterly earnings data after the market closes on Tuesday, May 7th. Analysts expect the company to announce earnings of ($0.14) per share for the quarter. RealReal has set its FY 2024 guidance at EPS and its Q1 2024 guidance at EPS.Individual that wish to register for the company’s earnings conference call can do so using this link.

RealReal (NASDAQ:REAL) last released its quarterly earnings results on Thursday, February 29th. The company reported ($0.15) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.19) by $0.04. The firm had revenue of $143.37 million for the quarter, compared to analysts’ expectations of $142.80 million. On average, analysts expect RealReal to post $-1 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

RealReal Trading Up 7.2 %

REAL stock opened at $3.85 on Tuesday. RealReal has a 12 month low of $1.00 and a 12 month high of $4.10. The company has a fifty day moving average price of $3.18 and a 200 day moving average price of $2.39.

Insider Buying and Selling

In related news, President Levesque Rati Sahi sold 30,000 shares of RealReal stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $3.22, for a total transaction of $96,600.00. Following the completion of the transaction, the president now directly owns 1,312,719 shares of the company’s stock, valued at $4,226,955.18. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, President Levesque Rati Sahi sold 30,000 shares of the stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $3.22, for a total value of $96,600.00. Following the sale, the president now directly owns 1,312,719 shares of the company’s stock, valued at approximately $4,226,955.18. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director James R. Miller sold 21,060 shares of RealReal stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $3.91, for a total transaction of $82,344.60. Following the transaction, the director now owns 160,492 shares of the company’s stock, valued at approximately $627,523.72. The disclosure for this sale can be found here. Insiders own 9.34% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on the company. UBS Group lifted their target price on RealReal from $2.30 to $3.70 and gave the company a “neutral” rating in a research note on Friday, April 12th. Robert W. Baird reaffirmed a “neutral” rating and set a $2.75 price objective (down previously from $3.25) on shares of RealReal in a report on Thursday, January 4th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $6.00 price objective on shares of RealReal in a research report on Friday, March 1st. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $3.61.

RealReal Company Profile

The RealReal, Inc operates an online marketplace for resale luxury goods in the United State. The company offers various product categories, including women's fashion, men's fashion, jewelry, and watches. It primarily sells products through online marketplace and retail stores. The company was incorporated in 2011 and is headquartered in San Francisco, California.