Real Brokerage (REAX) to Release Quarterly Earnings on Tuesday

Real Brokerage (NASDAQ:REAX) is scheduled to post its quarterly earnings results before the market opens on Tuesday, May 7th. Analysts expect Real Brokerage to post earnings of ($0.04) per share for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

Real Brokerage (NASDAQ:REAX) last issued its quarterly earnings results on Thursday, March 7th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.03). The business had revenue of $181.34 million for the quarter, compared to analysts’ expectations of $161.37 million. Real Brokerage had a negative return on equity of 105.23% and a negative net margin of 3.99%. On average, analysts expect Real Brokerage to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Real Brokerage Price Performance

Real Brokerage stock opened at $4.07 on Friday. The business has a 50 day simple moving average of $3.41 and a 200-day simple moving average of $2.43. Real Brokerage has a 12 month low of $1.09 and a 12 month high of $4.58. The stock has a market capitalization of $762.07 million, a PE ratio of -27.13 and a beta of 1.01.

Analyst Ratings Changes

A number of equities analysts have weighed in on REAX shares. Jonestrading restated a “buy” rating and set a $4.00 price objective on shares of Real Brokerage in a research report on Monday, April 8th. Roth Mkm raised their price target on shares of Real Brokerage from $2.75 to $3.50 and gave the company a “buy” rating in a research note on Thursday, January 18th.

About Real Brokerage

The Real Brokerage Inc, together with its subsidiaries, operates as a real estate technology company in the United States and Canada. It operates in three segments: North American Brokerage, Real Title, and One Real Mortgage. It offers brokerage, title, and mortgage broker services. The company is based in Miami, Florida.