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

The Real Brokerage Inc. (NASDAQ:REAX) – Stock analysts at William Blair cut their Q3 2024 EPS estimates for shares of Real Brokerage in a research note issued to investors on Wednesday, August 7th. William Blair analyst S. Sheldon now forecasts that the company will post earnings per share of ($0.03) for the quarter, down from their prior forecast 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 Stock Down 0.5 %

Shares of NASDAQ REAX opened at $5.92 on Friday. The firm’s 50-day moving average price is $4.87 and its 200-day moving average price is $4.04. The company has a market cap of $1.09 billion, a PE ratio of -29.60 and a beta of 1.03. Real Brokerage has a 52-week low of $1.28 and a 52-week high of $6.20.

Real Brokerage (NASDAQ:REAX) last announced its quarterly earnings results on Wednesday, August 7th. The company reported ($0.01) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.01. The firm had revenue of $340.78 million for the quarter, compared to the consensus estimate 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 quarter last year, the firm posted ($0.02) EPS.

Institutional Trading of Real Brokerage

A number of institutional investors have recently made changes to their positions in the stock. Renaissance Technologies LLC boosted its holdings in shares of Real Brokerage by 25.3% in the second quarter. Renaissance Technologies LLC now owns 229,500 shares of the company’s stock worth $932,000 after buying an additional 46,400 shares during the last quarter. National Bank of Canada FI boosted its holdings in shares of Real Brokerage by 198.8% in the second quarter. National Bank of Canada FI now owns 5,975 shares of the company’s stock worth $26,000 after buying an additional 3,975 shares during the last quarter. Rhumbline Advisers purchased a new position in shares of Real Brokerage in the second quarter worth approximately $474,000. Valmark Advisers Inc. boosted its holdings in shares of Real Brokerage by 117.0% in 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 during the last quarter. Finally, Principal Financial Group Inc. purchased a new position in shares of Real Brokerage in the second quarter worth approximately $52,000. Hedge funds and other institutional investors own 53.28% of the company’s stock.

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.