Real Brokerage Inc Up 17.96% To $3.35 After Earnings Miss

Real Brokerage Inc (REAX) said before open Thursday that it lost $0.07 per share in quarter four 2023.

On the revenue line, the company reported $181.3 million, beating estimates by $20.2 million.

In the same quarter a year ago, the company lost $0.04 per share on revenue of $96.1 million.

The stock is up 17.96% to $3.35 after the report.

Real Brokerage Inc's revenue expanded at a faster pace than earnings, signaling a decline in profit margins.

The average recommendation from Wall Street analysts was a Strong Buy which may get revised based on this new data.

Trading in the five days leading up to the report earned Real Brokerage Inc a Bearish Sentiment Rank from InvestorsObserver.

Real Brokerage Inc has been a strong performer over the past few months, garnering a high Long-Term Technical Rank by InvestorsObserver of 97, putting Real Brokerage Inc in the top 25% of stocks. The firm was recently trading at a 52-week high of $3.25 on February 20, 2024 and set a 52-week low on May 11, 2023 at $1.09.

The Real Brokerage Inc is a technology-powered real estate brokerage firm. It offers agents a mobile focused tech-platform to run its business, as well as business terms and wealth building opportunities. The company generates revenue primarily from commissions from the sale of real estate properties. Its other sources of revenue include subscription income from the brokerage-platform and immaterial amounts relating to auxiliary services.