Latest news with #TheRealBrokerage
Yahoo
02-06-2025
- Business
- Yahoo
Reflecting On Real Estate Services Stocks' Q1 Earnings: RE/MAX (NYSE:RMAX)
The end of an earnings season can be a great time to discover new stocks and assess how companies are handling the current business environment. Let's take a look at how RE/MAX (NYSE:RMAX) and the rest of the real estate services stocks fared in Q1. Technology has been a double-edged sword in real estate services. On the one hand, internet listings are effective at disseminating information far and wide, casting a wide net for buyers and sellers to increase the chances of transactions. On the other hand, digitization in the real estate market could potentially disintermediate key players like agents who use information asymmetries to their advantage. The 13 real estate services stocks we track reported a strong Q1. As a group, revenues beat analysts' consensus estimates by 2% while next quarter's revenue guidance was 0.8% below. While some real estate services stocks have fared somewhat better than others, they have collectively declined. On average, share prices are down 1.8% since the latest earnings results. Short for Real Estate Maximums, RE/MAX (NYSE:RMAX) operates a real estate franchise network spanning over 100 countries and territories. RE/MAX reported revenues of $74.47 million, down 4.9% year on year. This print exceeded analysts' expectations by 1.3%. Overall, it was a satisfactory quarter for the company with a solid beat of analysts' EPS estimates but EBITDA guidance for next quarter missing analysts' expectations. "For the fourth consecutive quarter, our company delivered solid profit and margin performance," said Erik Carlson, RE/MAX Holdings Chief Executive Officer. RE/MAX pulled off the highest full-year guidance raise of the whole group. The results were likely priced in, however, and the stock is flat since reporting. It currently trades at $7.75. Is now the time to buy RE/MAX? Access our full analysis of the earnings results here, it's free. Founded in Toronto, Canada in 2014, The Real Brokerage (NASDAQ:REAX) is a technology-driven real estate brokerage firm combining a tech-centric model with an agent-centric philosophy. The Real Brokerage reported revenues of $354 million, up 76.3% year on year, outperforming analysts' expectations by 6.3%. The business had a stunning quarter with a solid beat of analysts' EPS estimates and an impressive beat of analysts' EBITDA estimates. The Real Brokerage achieved the fastest revenue growth among its peers. Although it had a fine quarter compared its peers, the market seems unhappy with the results as the stock is down 7.6% since reporting. It currently trades at $4.12. Is now the time to buy The Real Brokerage? Access our full analysis of the earnings results here, it's free. Founded in 2009, eXp World (NASDAQ:EXPI) is a real estate company known for its virtual, cloud-based approach to real estate brokerage. eXp World reported revenues of $954.9 million, up 1.3% year on year, falling short of analysts' expectations by 4%. It was a disappointing quarter as it posted a significant miss of analysts' adjusted operating income estimates. As expected, the stock is down 1.7% since the results and currently trades at $8.52. Read our full analysis of eXp World's results here. Founded in 1999 through the merger of Jones Lang Wootton and LaSalle Partners, JLL (NYSE:JLL) is a company specializing in real estate advisory and investment management services. JLL reported revenues of $5.75 billion, up 12.1% year on year. This result topped analysts' expectations by 4.1%. Aside from that, it was a mixed quarter as it also logged a decent beat of analysts' EBITDA estimates. The stock is down 3% since reporting and currently trades at $222.70. Read our full, actionable report on JLL here, it's free. Founded by a former medical school student, electrical engineer, and Amazon data engineer, Redfin (NASDAQ:RDFN) is a real estate company offering brokerage services through an online platform. Redfin reported revenues of $221 million, down 2% year on year. This number met analysts' expectations. Overall, it was a strong quarter as it also logged an impressive beat of analysts' EPS estimates and a solid beat of analysts' adjusted operating income estimates. The stock is up 13.2% since reporting and currently trades at $10. Read our full, actionable report on Redfin here, it's free. Thanks to the Fed's series of rate hikes in 2022 and 2023, inflation has cooled significantly from its post-pandemic highs, drawing closer to the 2% goal. This disinflation has occurred without severely impacting economic growth, suggesting the success of a soft landing. The stock market thrived in 2024, spurred by recent rate cuts (0.5% in September and 0.25% in November), and a notable surge followed Donald Trump's presidential election win in November, propelling indices to historic highs. Nonetheless, the outlook for 2025 remains clouded by potential trade policy changes and corporate tax discussions, which could impact business confidence and growth. The path forward holds both optimism and caution as new policies take shape. Want to invest in winners with rock-solid fundamentals? Check out our Top 6 Stocks and add them to your watchlist. These companies are poised for growth regardless of the political or macroeconomic climate.
Yahoo
21-05-2025
- Business
- Yahoo
Real Estate Services Stocks Q1 Recap: Benchmarking Newmark (NASDAQ:NMRK)
The end of an earnings season can be a great time to discover new stocks and assess how companies are handling the current business environment. Let's take a look at how Newmark (NASDAQ:NMRK) and the rest of the real estate services stocks fared in Q1. Technology has been a double-edged sword in real estate services. On the one hand, internet listings are effective at disseminating information far and wide, casting a wide net for buyers and sellers to increase the chances of transactions. On the other hand, digitization in the real estate market could potentially disintermediate key players like agents who use information asymmetries to their advantage. The 13 real estate services stocks we track reported a strong Q1. As a group, revenues beat analysts' consensus estimates by 2% while next quarter's revenue guidance was 0.9% below. In light of this news, share prices of the companies have held steady. On average, they are relatively unchanged since the latest earnings results. Founded in 1929, Newmark (NASDAQ:NMRK) provides commercial real estate services, including leasing advisory, global corporate services, investment sales and capital markets, property and facilities management, valuation and advisory, and consulting. Newmark reported revenues of $665.5 million, up 21.8% year on year. This print exceeded analysts' expectations by 8.9%. Overall, it was a strong quarter for the company with EPS guidance for next quarter exceeding analysts' expectations and a solid beat of analysts' EPS estimates. Newmark delivered the weakest full-year guidance update of the whole group. Interestingly, the stock is up 3.1% since reporting and currently trades at $11.39. Is now the time to buy Newmark? Access our full analysis of the earnings results here, it's free. Founded in Toronto, Canada in 2014, The Real Brokerage (NASDAQ:REAX) is a technology-driven real estate brokerage firm combining a tech-centric model with an agent-centric philosophy. The Real Brokerage reported revenues of $354 million, up 76.3% year on year, outperforming analysts' expectations by 6.3%. The business had a stunning quarter with an impressive beat of analysts' EPS estimates and a solid beat of analysts' EBITDA estimates. The Real Brokerage pulled off the fastest revenue growth among its peers. Although it had a fine quarter compared its peers, the market seems unhappy with the results as the stock is down 4.9% since reporting. It currently trades at $4.24. Is now the time to buy The Real Brokerage? Access our full analysis of the earnings results here, it's free. Founded in 2009, eXp World (NASDAQ:EXPI) is a real estate company known for its virtual, cloud-based approach to real estate brokerage. eXp World reported revenues of $954.9 million, up 1.3% year on year, falling short of analysts' expectations by 4%. It was a disappointing quarter as it posted a significant miss of analysts' adjusted operating income estimates. As expected, the stock is down 7.7% since the results and currently trades at $8. Read our full analysis of eXp World's results here. Short for Real Estate Maximums, RE/MAX (NYSE:RMAX) operates a real estate franchise network spanning over 100 countries and territories. RE/MAX reported revenues of $74.47 million, down 4.9% year on year. This number topped analysts' expectations by 1.3%. More broadly, it was a satisfactory quarter as it also logged an impressive beat of analysts' EPS estimates but EBITDA guidance for next quarter missing analysts' expectations. RE/MAX scored the highest full-year guidance raise among its peers. The stock is down 3.3% since reporting and currently trades at $7.54. Read our full, actionable report on RE/MAX here, it's free. Founded in 1971, Marcus & Millichap (NYSE:MMI) specializes in commercial real estate investment sales, financing, research, and advisory services. Marcus & Millichap reported revenues of $145 million, up 12.3% year on year. This result beat analysts' expectations by 3.5%. It was a stunning quarter as it also put up an impressive beat of analysts' EPS estimates and a solid beat of analysts' EBITDA estimates. The stock is flat since reporting and currently trades at $29.20. Read our full, actionable report on Marcus & Millichap here, it's free. As a result of the Fed's rate hikes in 2022 and 2023, inflation has come down from frothy levels post-pandemic. The general rise in the price of goods and services is trending towards the Fed's 2% goal as of late, which is good news. The higher rates that fought inflation also didn't slow economic activity enough to catalyze a recession. So far, soft landing. This, combined with recent rate cuts (half a percent in September 2024 and a quarter percent in November 2024) have led to strong stock market performance in 2024. The icing on the cake for 2024 returns was Donald Trump's victory in the U.S. Presidential Election in early November, sending major indices to all-time highs in the week following the election. Still, debates around the health of the economy and the impact of potential tariffs and corporate tax cuts remain, leaving much uncertainty around 2025. Want to invest in winners with rock-solid fundamentals? Check out our Strong Momentum Stocks and add them to your watchlist. These companies are poised for growth regardless of the political or macroeconomic climate. Join Paid Stock Investor Research Help us make StockStory more helpful to investors like yourself. Join our paid user research session and receive a $50 Amazon gift card for your opinions. Sign up here.
Yahoo
08-05-2025
- Business
- Yahoo
The Real Brokerage's (NASDAQ:REAX) Q1: Strong Sales
Real estate technology company The Real Brokerage (NASDAQ:REAX) announced better-than-expected revenue in Q1 CY2025, with sales up 76.3% year on year to $354 million. Its GAAP loss of $0.02 per share was $0.02 above analysts' consensus estimates. Is now the time to buy The Real Brokerage? Find out in our full research report. Revenue: $354 million vs analyst estimates of $332.9 million (76.3% year-on-year growth, 6.3% beat) EPS (GAAP): -$0.02 vs analyst estimates of -$0.05 ($0.02 beat) Adjusted EBITDA: $8.28 million vs analyst estimates of $5.81 million (2.3% margin, 42.4% beat) Operating Margin: -1.5%, up from -3.2% in the same quarter last year Free Cash Flow Margin: 4.4%, down from 10.7% in the same quarter last year Market Capitalization: $917.6 million 'Real delivered outstanding results to start 2025, continuing our track record of differentiated growth,' said Tamir Poleg, Real's Chairman and Chief Executive Officer. Founded in Toronto, Canada in 2014, The Real Brokerage (NASDAQ:REAX) is a technology-driven real estate brokerage firm combining a tech-centric model with an agent-centric philosophy. A company's long-term performance is an indicator of its overall quality. Even a bad business can shine for one or two quarters, but a top-tier one grows for years. Luckily, The Real Brokerage's sales grew at an incredible 152% compounded annual growth rate over the last five years. Its growth beat the average consumer discretionary company and shows its offerings resonate with customers. Long-term growth is the most important, but within consumer discretionary, product cycles are short and revenue can be hit-driven due to rapidly changing trends and consumer preferences. The Real Brokerage's annualized revenue growth of 82% over the last two years is below its five-year trend, but we still think the results suggest healthy demand. This quarter, The Real Brokerage reported magnificent year-on-year revenue growth of 76.3%, and its $354 million of revenue beat Wall Street's estimates by 6.3%. Looking ahead, sell-side analysts expect revenue to grow 24.8% over the next 12 months, a deceleration versus the last two years. Still, this projection is healthy and indicates the market is forecasting success for its products and services. Software is eating the world and there is virtually no industry left that has been untouched by it. That drives increasing demand for tools helping software developers do their jobs, whether it be monitoring critical cloud infrastructure, integrating audio and video functionality, or ensuring smooth content streaming. Click here to access a free report on our 3 favorite stocks to play this generational megatrend. Operating margin is a key measure of profitability. Think of it as net income - the bottom line - excluding the impact of taxes and interest on debt, which are less connected to business fundamentals. The Real Brokerage's operating margin has risen over the last 12 months, but it still averaged negative 1.8% over the last two years. This is due to its large expense base and inefficient cost structure. In Q1, The Real Brokerage generated a negative 1.5% operating margin. The company's consistent lack of profits raise a flag. We track the long-term change in earnings per share (EPS) for the same reason as long-term revenue growth. Compared to revenue, however, EPS highlights whether a company's growth is profitable. The Real Brokerage's earnings losses deepened over the last five years as its EPS dropped 9% annually. We tend to steer our readers away from companies with falling EPS, where diminishing earnings could imply changing secular trends and preferences. Consumer Discretionary companies are particularly exposed to this, and if the tide turns unexpectedly, The Real Brokerage's low margin of safety could leave its stock price susceptible to large downswings. In Q1, The Real Brokerage reported EPS at negative $0.02, up from negative $0.09 in the same quarter last year. This print easily cleared analysts' estimates, and shareholders should be content with the results. Over the next 12 months, Wall Street is optimistic. Analysts forecast The Real Brokerage's full-year EPS of negative $0.07 will reach break even. We were impressed by how significantly The Real Brokerage blew past analysts' EPS expectations this quarter. We were also excited its EBITDA outperformed Wall Street's estimates by a wide margin. Zooming out, we think this quarter featured some important positives. The stock traded up 4.9% to $4.68 immediately following the results. Indeed, The Real Brokerage had a rock-solid quarterly earnings result, but is this stock a good investment here? If you're making that decision, you should consider the bigger picture of valuation, business qualities, as well as the latest earnings. We cover that in our actionable full research report which you can read here, it's free.
Yahoo
07-05-2025
- Business
- Yahoo
The Real Brokerage (REAX) Reports Earnings Tomorrow: What To Expect
Real estate technology company The Real Brokerage (NASDAQ:REAX) will be announcing earnings results tomorrow before market open. Here's what you need to know. The Real Brokerage beat analysts' revenue expectations by 16.8% last quarter, reporting revenues of $350.6 million, up 93.4% year on year. It was an incredible quarter for the company, with a solid beat of analysts' EPS estimates and an impressive beat of analysts' EBITDA estimates. Is The Real Brokerage a buy or sell going into earnings? Read our full analysis here, it's free. This quarter, analysts are expecting The Real Brokerage's revenue to grow 65.8% year on year to $332.9 million, slowing from the 86.1% increase it recorded in the same quarter last year. The Real Brokerage Total Revenue Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. The Real Brokerage has a history of exceeding Wall Street's expectations, beating revenue estimates every single time over the past two years by 20.8% on average. Looking at The Real Brokerage's peers in the real estate services segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Cushman & Wakefield delivered year-on-year revenue growth of 4.6%, beating analysts' expectations by 2.5%, and eXp World reported revenues up 1.3%, falling short of estimates by 4%. Cushman & Wakefield traded up 4.2% following the results. Read our full analysis of Cushman & Wakefield's results here and eXp World's results here. There has been positive sentiment among investors in the real estate services segment, with share prices up 12.7% on average over the last month. The Real Brokerage is up 7% during the same time and is heading into earnings with an average analyst price target of $6.67 (compared to the current share price of $4.60). When a company has more cash than it knows what to do with, buying back its own shares can make a lot of sense–as long as the price is right. Luckily, we've found one, a low-priced stock that is gushing free cash flow AND buying back shares. Click here to claim your Special Free Report on a fallen angel growth story that is already recovering from a setback.
Yahoo
17-04-2025
- Business
- Yahoo
Q4 Earnings Highlights: Newmark (NASDAQ:NMRK) Vs The Rest Of The Real Estate Services Stocks
The end of an earnings season can be a great time to discover new stocks and assess how companies are handling the current business environment. Let's take a look at how Newmark (NASDAQ:NMRK) and the rest of the real estate services stocks fared in Q4. Technology has been a double-edged sword in real estate services. On the one hand, internet listings are effective at disseminating information far and wide, casting a wide net for buyers and sellers to increase the chances of transactions. On the other hand, digitization in the real estate market could potentially disintermediate key players like agents who use information asymmetries to their advantage. The 13 real estate services stocks we track reported a satisfactory Q4. As a group, revenues beat analysts' consensus estimates by 5.3% while next quarter's revenue guidance was 1.2% below. Amidst this news, share prices of the companies have had a rough stretch. On average, they are down 19.3% since the latest earnings results. Founded in 1929, Newmark (NASDAQ:NMRK) provides commercial real estate services, including leasing advisory, global corporate services, investment sales and capital markets, property and facilities management, valuation and advisory, and consulting. Newmark reported revenues of $872.7 million, up 16.8% year on year. This print exceeded analysts' expectations by 10.4%. It was a decent quarter for the company with an impressive beat of analysts' EBITDA estimate. Newmark pulled off the highest full-year guidance raise of the whole group. Still, the market seems discontent with the results. The stock is down 6.8% since reporting and currently trades at $10.43. Is now the time to buy Newmark? Access our full analysis of the earnings results here, it's free. Founded in Toronto, Canada in 2014, The Real Brokerage (NASDAQ:REAX) is a technology-driven real estate brokerage firm combining a tech-centric model with an agent-centric philosophy. The Real Brokerage reported revenues of $350.6 million, up 93.4% year on year, outperforming analysts' expectations by 16.8%. The business had an incredible quarter with a solid beat of analysts' EPS estimates and an impressive beat of analysts' EBITDA estimates. The Real Brokerage pulled off the fastest revenue growth among its peers. The market seems unhappy with the results as the stock is down 6.8% since reporting. It currently trades at $4.62. Is now the time to buy The Real Brokerage? Access our full analysis of the earnings results here, it's free. Known for giving homeowners cash offers within 24 hours, Offerpad (NYSE:OPAD) operates a tech-enabled platform specializing in direct home buying and selling solutions. Offerpad reported revenues of $174.3 million, down 27.5% year on year, in line with analysts' expectations. It was a softer quarter as it posted a significant miss of analysts' adjusted operating income estimates. Offerpad delivered the slowest revenue growth in the group. As expected, the stock is down 30.9% since the results and currently trades at $1.50. Read our full analysis of Offerpad's results here. Founded by Expedia co-founders Lloyd Frink and Rich Barton, Zillow (NASDAQ:ZG) is the leading U.S. online real estate marketplace. Zillow reported revenues of $554 million, up 16.9% year on year. This result beat analysts' expectations by 1.1%. More broadly, it was a decent quarter as it also recorded a solid beat of analysts' adjusted operating income estimates. The stock is down 24.3% since reporting and currently trades at $63.48. Read our full, actionable report on Zillow here, it's free. Founded by real estate guru Eric Wu, Opendoor (NASDAQ:OPEN) offers a technology-driven, convenient, and streamlined process to buy and sell homes. Opendoor reported revenues of $1.08 billion, up 24.6% year on year. This number topped analysts' expectations by 10.8%. Aside from that, it was a satisfactory quarter as it also produced a solid beat of analysts' EBITDA estimates. The stock is down 35.6% since reporting and currently trades at $0.93. Read our full, actionable report on Opendoor here, it's free. The Fed's interest rate hikes throughout 2022 and 2023 have successfully cooled post-pandemic inflation, bringing it closer to the 2% target. Inflationary pressures have eased without tipping the economy into a recession, suggesting a soft landing. This stability, paired with recent rate cuts (0.5% in September 2024 and 0.25% in November 2024), fueled a strong year for the stock market in 2024. The markets surged further after Donald Trump's presidential victory in November, with major indices reaching record highs in the days following the election. Still, questions remain about the direction of economic policy, as potential tariffs and corporate tax changes add uncertainty for 2025. Want to invest in winners with rock-solid fundamentals? Check out our 9 Best Market-Beating Stocks and add them to your watchlist. These companies are poised for growth regardless of the political or macroeconomic climate. Join Paid Stock Investor Research Help us make StockStory more helpful to investors like yourself. Join our paid user research session and receive a $50 Amazon gift card for your opinions. Sign up here.
