The Real Brokerage Inc. (REAX) Reports Q3 Loss, Tops Revenue Estimates

Company Performance - The Real Brokerage Inc. reported a quarterly loss of $0.01 per share, better than the Zacks Consensus Estimate of a loss of $0.04, and improved from a loss of $0.02 per share a year ago, representing an earnings surprise of 75% [1] - The company posted revenues of $372.49 million for the quarter ended September 2024, exceeding the Zacks Consensus Estimate by 11.32%, and up from $214.64 million in the same quarter last year [2] - Over the last four quarters, The Real Brokerage has surpassed consensus EPS estimates two times and topped consensus revenue estimates four times [2] Stock Performance - The Real Brokerage shares have increased approximately 252.5% since the beginning of the year, significantly outperforming the S&P 500's gain of 24.3% [3] - The current consensus EPS estimate for the upcoming quarter is -$0.05 on revenues of $292.23 million, and for the current fiscal year, it is -$0.18 on revenues of $1.17 billion [7] Industry Outlook - The Technology Services industry, to which The Real Brokerage belongs, is currently ranked in the top 28% of over 250 Zacks industries, indicating a favorable outlook [8] - Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact stock performance [5]