RealReal (REAL) to Release Earnings on Tuesday

RealReal (NASDAQ:REAL – Get Rating) is scheduled to be announcing its earnings results after the market closes on Tuesday, August 9th. Analysts expect the company to announce earnings of ($0.43) per share for the quarter. RealReal has set its FY 2022 guidance at EPS and its Q2 2022 guidance at EPS.Investors interested in registering for the company’s conference call can do so using this link.

RealReal (NASDAQ:REAL – Get Rating) last issued its quarterly earnings data on Tuesday, May 10th. The company reported ($0.61) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.64) by $0.03. The firm had revenue of $146.70 million during the quarter, compared to the consensus estimate of $136.35 million. RealReal had a negative return on equity of 331.27% and a negative net margin of 46.07%. The company’s quarterly revenue was up 48.5% on a year-over-year basis. During the same period last year, the company earned ($0.62) EPS. On average, analysts expect RealReal to post $-2 EPS for the current fiscal year and $-2 EPS for the next fiscal year.

RealReal Stock Down 0.4 %

Shares of NASDAQ:REAL opened at $2.32 on Tuesday. The business has a 50-day moving average price of $2.74 and a 200 day moving average price of $5.66. The company has a current ratio of 2.58, a quick ratio of 2.17 and a debt-to-equity ratio of 4.76. The company has a market capitalization of $218.95 million, a price-to-earnings ratio of -0.90 and a beta of 2.30. RealReal has a 12-month low of $2.12 and a 12-month high of $17.09.

Insiders Place Their Bets

In other RealReal news, President Levesque Rati Sahi sold 14,082 shares of RealReal stock in a transaction that occurred on Tuesday, May 24th. The stock was sold at an average price of $2.75, for a total transaction of $38,725.50. Following the transaction, the president now owns 696,144 shares of the company’s stock, valued at $1,914,396. The transaction was disclosed in a filing with the SEC, which is available at this link. In other news, President Levesque Rati Sahi sold 14,082 shares of the business’s stock in a transaction that occurred on Tuesday, May 24th. The stock was sold at an average price of $2.75, for a total value of $38,725.50. Following the transaction, the president now owns 696,144 shares of the company’s stock, valued at $1,914,396. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Julie Wainwright sold 16,870 shares of the business’s stock in a transaction that occurred on Friday, May 20th. The shares were sold at an average price of $3.06, for a total value of $51,622.20. Following the completion of the transaction, the chief executive officer now directly owns 2,611,820 shares in the company, valued at approximately $7,992,169.20. The disclosure for this sale can be found here. Insiders have sold a total of 68,995 shares of company stock valued at $202,532 over the last quarter. Company insiders own 27.80% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. BNP Paribas Arbitrage SA increased its holdings in shares of RealReal by 5.1% in the first quarter. BNP Paribas Arbitrage SA now owns 212,476 shares of the company’s stock valued at $1,543,000 after purchasing an additional 10,331 shares during the period. Royal Bank of Canada grew its holdings in RealReal by 21.0% during the first quarter. Royal Bank of Canada now owns 125,466 shares of the company’s stock worth $911,000 after acquiring an additional 21,789 shares during the period. Graham Capital Management L.P. acquired a new position in RealReal during the first quarter worth $512,000. Engineers Gate Manager LP acquired a new position in RealReal during the first quarter worth $429,000. Finally, Dynamic Technology Lab Private Ltd acquired a new position in RealReal during the first quarter worth $407,000. Institutional investors and hedge funds own 89.19% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Needham & Company LLC restated a “buy” rating and set a $10.00 target price on shares of RealReal in a report on Tuesday, May 17th. KeyCorp assumed coverage on RealReal in a report on Wednesday, July 20th. They set a “sector weight” rating for the company. B. Riley set a $3.00 target price on RealReal in a report on Tuesday, July 19th. Raymond James assumed coverage on RealReal in a research note on Wednesday, June 29th. They issued an “outperform” rating and a $9.00 price objective for the company. Finally, Stifel Nicolaus decreased their price objective on RealReal from $6.00 to $4.00 in a research note on Tuesday, June 28th. Six equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $11.63.

RealReal Company Profile

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The RealReal, Inc operates an online marketplace for consigned luxury goods in the United State. It offers various product categories, including women's, men's, kids', jewelry and watches, and home and art products. The company was incorporated in 2011 and is headquartered in San Francisco, California.