Q3 2024 EPS Estimates for The Real Brokerage Inc. (NASDAQ:REAX) Cut by William Blair

The Real Brokerage Inc. (NASDAQ:REAX) – Analysts at William Blair reduced their Q3 2024 earnings estimates for shares of Real Brokerage in a research report issued to clients and investors on Wednesday, August 7th. William Blair analyst S. Sheldon now anticipates that the company will post earnings of ($0.03) per share for the quarter, down from their previous estimate of ($0.02). The consensus estimate for Real Brokerage’s current full-year earnings is ($0.12) per share. William Blair also issued estimates for Real Brokerage’s Q4 2024 earnings at ($0.05) EPS and FY2025 earnings at ($0.09) EPS.

Real Brokerage Trading Down 0.5 %

Shares of REAX opened at $5.92 on Friday. The firm has a market cap of $1.09 billion, a P/E ratio of -29.60 and a beta of 1.03. Real Brokerage has a 12-month low of $1.28 and a 12-month high of $6.20. The company’s 50-day moving average price is $4.87 and its 200 day moving average price is $4.04.

Real Brokerage (NASDAQ:REAX) last issued its quarterly earnings data on Wednesday, August 7th. The company reported ($0.01) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.02) by $0.01. The firm had revenue of $340.78 million for the quarter, compared to analyst estimates of $264.06 million. Real Brokerage had a negative net margin of 4.63% and a negative return on equity of 98.38%. During the same period in the previous year, the firm earned ($0.02) EPS.

Hedge Funds Weigh In On Real Brokerage

Institutional investors have recently bought and sold shares of the company. National Bank of Canada FI grew its position in Real Brokerage by 198.8% in the 2nd quarter. National Bank of Canada FI now owns 5,975 shares of the company’s stock valued at $26,000 after acquiring an additional 3,975 shares in the last quarter. Searcy Financial Services Inc. ADV acquired a new position in shares of Real Brokerage during the first quarter worth about $37,000. Principal Financial Group Inc. acquired a new position in shares of Real Brokerage during the second quarter worth about $52,000. TCI Wealth Advisors Inc. acquired a new position in shares of Real Brokerage during the first quarter worth about $49,000. Finally, Valmark Advisers Inc. grew its position in shares of Real Brokerage by 117.0% during the second quarter. Valmark Advisers Inc. now owns 49,324 shares of the company’s stock worth $200,000 after buying an additional 26,596 shares in the last quarter. 53.28% of the stock is owned by institutional investors and hedge funds.

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.