Real Brokerage (REAX) to Release Quarterly Earnings on Tuesday

Real Brokerage (NASDAQ:REAX) is scheduled to be announcing its earnings results before the market opens on Tuesday, May 7th. Analysts expect the company to announce earnings of ($0.04) per share for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.

Real Brokerage (NASDAQ:REAX) last posted its quarterly earnings results on Thursday, March 7th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($0.03). The business had revenue of $181.34 million during the quarter, compared to analyst estimates 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 Stock Performance

Real Brokerage stock opened at $3.71 on Tuesday. The firm has a market cap of $667.50 million, a price-to-earnings ratio of -24.73 and a beta of 1.15. Real Brokerage has a 1 year low of $1.09 and a 1 year high of $4.58. The firm’s 50 day moving average price is $3.32 and its two-hundred day moving average price is $2.37.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on REAX shares. Jonestrading restated a “buy” rating and issued a $4.00 price target on shares of Real Brokerage in a research report on Monday, April 8th. Roth Mkm lifted their price target on shares of Real Brokerage from $2.75 to $3.50 and gave the stock a “buy” rating in a research report 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.