Real Brokerage (REAX) Set to Announce Quarterly Earnings on Tuesday

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

Real Brokerage (NASDAQ:REAX) last announced its quarterly earnings data on Thursday, March 7th. The company reported ($0.07) earnings per share 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 the consensus estimate of $161.37 million. Real Brokerage had a negative net margin of 3.99% and a negative return on equity of 105.23%. 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 Trading Up 0.2 %

NASDAQ:REAX opened at $4.07 on Monday. Real Brokerage has a 52 week low of $1.09 and a 52 week high of $4.58. The firm has a market capitalization of $762.07 million, a PE ratio of -27.13 and a beta of 1.01. The stock has a 50 day moving average of $3.41 and a 200-day moving average of $2.45.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Roth Mkm boosted their target price 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. Jonestrading reissued a “buy” rating and issued a $4.00 price target on shares of Real Brokerage in a research note on Monday, April 8th.

Real Brokerage Company Profile

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.