Real Brokerage Inc reports results for the quarter ended June 30 - Earnings Summary

• Real Brokerage Inc REAX reported quarterly adjusted earnings of 1 cent​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of -1 cents. The mean expectation of four analysts for the quarter was for breakeven results per share. Wall Street expected results to range from zero cents to 1 cents per share.

• Revenue rose 58.7% to $540.75 million from a year ago; analysts expected $482.48 million.

• Real Brokerage Inc's reported EPS for the quarter was 1 cent​.

• The company reported quarterly net income of $1.51 million.

• Real Brokerage Inc shares had fallen by 8.9% this quarter and lost 10.7% so far this year.

FORECAST CHANGES

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 4 "strong buy" or "buy," no "hold" and no "sell" or "strong sell." The average consensus recommendation for the real estate services peer group is "hold."

• Wall Street's median 12-month price target for Real Brokerage Inc is $6.00, about 31.5% above its last closing price of $4.11

This summary was machine generated from LSEG data August 7 at 05:59 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)