Zacks Research Brokers Raise Earnings Estimates for RENX

Safe and Green Development Corporation (NASDAQ:RENX) – Stock analysts at Zacks Research increased their Q1 2026 earnings estimates for Safe and Green Development in a research note issued on Thursday, April 2nd. Zacks Research analyst B. Lantier now forecasts that the company will earn ($1.66) per share for the quarter, up from their previous estimate of ($2.00). Zacks Research also issued estimates for Safe and Green Development’s Q2 2026 earnings at ($1.56) EPS, Q3 2026 earnings at ($1.42) EPS, Q4 2026 earnings at ($1.24) EPS, FY2026 earnings at ($5.86) EPS, Q1 2027 earnings at ($1.03) EPS, Q2 2027 earnings at ($0.90) EPS, Q3 2027 earnings at ($0.83) EPS, Q4 2027 earnings at ($0.73) EPS and FY2027 earnings at ($3.48) EPS.

Safe and Green Development (NASDAQ:RENX) last released its quarterly earnings results on Wednesday, April 1st. The company reported $3.01 EPS for the quarter. Safe and Green Development had a negative net margin of 277.22% and a negative return on equity of 733.82%. The business had revenue of $5.57 million for the quarter.

Other equities research analysts have also recently issued research reports about the stock. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Safe and Green Development in a research report on Friday, March 27th. Wall Street Zen raised shares of Safe and Green Development to a “sell” rating in a research report on Monday, March 30th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Safe and Green Development Trading Up 11.2%

RENX opened at $2.68 on Tuesday. Safe and Green Development has a twelve month low of $1.42 and a twelve month high of $47.20. The company has a 50-day simple moving average of $2.79 and a 200 day simple moving average of $10.93. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 1.79. The stock has a market capitalization of $6.73 million, a price-to-earnings ratio of -0.03 and a beta of 3.87.

Institutional Investors Weigh In On Safe and Green Development

An institutional investor recently raised its position in Safe and Green Development stock. Virtu Financial LLC raised its stake in Safe and Green Development Corporation (NASDAQ:RENX) by 127.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 26,645 shares of the company’s stock after acquiring an additional 14,954 shares during the quarter. Virtu Financial LLC owned approximately 0.30% of Safe and Green Development worth $36,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 2.59% of the company’s stock.

Key Safe and Green Development News

Here are the key news stories impacting Safe and Green Development this week:

• Positive Sentiment: Zacks Research raised multiple near‑term and full‑year EPS forecasts (estimates are still negative but less severe), including meaningful upgrades to Q1–Q4 2026 and FY2026/FY2027 consensus (e.g., FY2026 from ($6.80) to ($5.86); FY2027 from ($3.60) to ($3.48)), signaling a modestly improved earnings outlook. Zacks Research Estimate Updates
• Positive Sentiment: RenX Enterprises (Zimmer Equipment Inc. subsidiary) renewed a major organic‑waste transport agreement in the Tampa Bay area — the contract was credited with generating more than $3.0M of revenue in 2025, providing near‑term revenue visibility for the operating unit. RenX Contract Renewal
• Neutral Sentiment: The analyst updates were mixed in detail — most quarterly estimates were trimmed in magnitude (less negative) but Zacks also nudged one quarterly estimate slightly lower (Q3 2027 from ($0.80) to ($0.83)), so the overall tone is cautiously constructive rather than a clear upgrade cycle.
• Negative Sentiment: Fundamental risks remain large: RENX is still deeply loss‑making, carries weak liquidity (quick/current ratios ~0.07), a tiny market cap (~$6.7M), and a history of wide price volatility (200‑day MA far above current price and a high beta). Those factors keep downside risk and speculative trading behavior elevated.

Safe and Green Development Company Profile

Safe and Green Development Corporation operates as a real estate development company. It focuses on building single and multifamily projects. The company was formerly known as SGB Development Corp. and changed its name to Safe and Green Development Corporation in December 2022. The company was incorporated in 2021 and is based in Miami, Florida. Safe and Green Development Corporation is a subsidiary of Safe & Green Holdings Corp.