Yahoo Finance Real Brokerage Third Quarter 2023 Earnings: EPS Beats Expectations
Real Brokerage (NASDAQ:REAX) Third Quarter 2023 Results
Key Financial Results
Revenue: US$214.6m (up 92% from 3Q 2022).
Net loss: US$4.02m (loss narrowed by 23% from 3Q 2022).
US$0.022 loss per share (improved from US$0.029 loss in 3Q 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Real Brokerage EPS Beats Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 33%.
Looking ahead, revenue is forecast to grow 32% p.a. on average during the next 3 years, compared to a 9.7% growth forecast for the Real Estate industry in the US.
Performance of the American Real Estate industry.
The company's shares are down 2.0% from a week ago.
Risk Analysis
It's still necessary to consider the ever-present spectre of investment risk. We've identified 1 warning sign with Real Brokerage, and understanding this 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.
