RealReal (REAL) Scheduled to Post Quarterly Earnings on Tuesday

RealReal (NASDAQ:REAL) is scheduled to release its earnings data after the market closes on Tuesday, May 7th. Analysts expect RealReal to post 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.Investors that are interested in registering for the company’s conference call can do so using this link.

RealReal (NASDAQ:REAL) last issued its quarterly earnings results on Thursday, February 29th. The company reported ($0.15) EPS for the quarter, beating analysts’ consensus estimates of ($0.19) by $0.04. The business had revenue of $143.37 million for the quarter, compared to analyst estimates 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 Stock Up 7.2 %

REAL stock opened at $3.85 on Tuesday. The company has a 50-day simple moving average of $3.18 and a 200 day simple moving average of $2.39. RealReal has a fifty-two week low of $1.00 and a fifty-two week high of $4.10.

Insider Activity

In related news, 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 value 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other RealReal news, Director Karen Katz bought 6,500 shares of RealReal stock in a transaction dated Friday, March 8th. The stock was bought at an average price of $3.85 per share, for a total transaction of $25,025.00. Following the completion of the acquisition, the director now directly owns 183,476 shares of the company’s stock, valued at $706,382.60. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director James R. Miller sold 21,060 shares of RealReal stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $3.91, for a total value of $82,344.60. Following the transaction, the director now owns 160,492 shares in the company, valued at approximately $627,523.72. The disclosure for this sale can be found here. 9.34% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on REAL. Robert W. Baird reaffirmed a “neutral” rating and issued a $2.75 price target (down from $3.25) on shares of RealReal in a research note on Thursday, January 4th. Needham & Company LLC reiterated a “buy” rating and issued a $6.00 price target on shares of RealReal in a research report on Friday, March 1st. Finally, UBS Group raised their price objective on shares of RealReal from $2.30 to $3.70 and gave the company a “neutral” rating in a research report on Friday, April 12th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $3.61.

About RealReal

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.