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Real Brokerage First Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags

Real Brokerage (NASDAQ:REAX) First Quarter 2024 Results

Key Financial Results

  • Revenue: US$200.7m (up 86% from 1Q 2023).

  • Net loss: US$16.1m (loss widened by 118% from 1Q 2023).

  • US$0.087 loss per share (further deteriorated from US$0.041 loss in 1Q 2023).

earnings-and-revenue-growth
earnings-and-revenue-growth

All figures shown in the chart above are for the trailing 12 month (TTM) period

Real Brokerage Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 18%. Earnings per share (EPS) missed analyst estimates by 108%.

Looking ahead, revenue is forecast to grow 27% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Real Estate industry in the US.

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Performance of the American Real Estate industry.

The company's shares are up 32% from a week ago.

Risk Analysis

It's still necessary to consider the ever-present spectre of investment risk. We've identified 4 warning signs with Real Brokerage, and understanding these should be part of your investment process.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.