Latest news with #TheRealBrokerage
Yahoo
04-08-2025
- Business
- Yahoo
Funko, GoPro, The Real Brokerage, ThredUp, and eXp World Stocks Trade Up, What You Need To Know
What Happened? A number of stocks jumped in the morning session after markets rebounded following a sharp sell-off in the previous trading session as weaker-than-expected U.S. jobs data fueled investor hopes for a potential interest rate cut by the Federal Reserve. The July Nonfarm Payrolls report revealed a gain of only 73,000 jobs, significantly below the 110,000 expected. Compounding the news, prior months' figures were revised downward by over 250,000 jobs. This data, indicating a cooling labor market, has led investors to dramatically increase bets on a September interest rate cut by the Federal Reserve, with the probability jumping to over 80% according to the CME FedWatch Tool. The prospect of lower borrowing costs typically stimulates economic activity and boosts consumer spending on non-essential goods and services, which directly benefits companies in the consumer discretionary space. The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks. Among others, the following stocks were impacted: Toys and Electronics company Funko (NASDAQ:FNKO) jumped 3.3%. Is now the time to buy Funko? Access our full analysis report here, it's free. Consumer Electronics company GoPro (NASDAQ:GPRO) jumped 3.2%. Is now the time to buy GoPro? Access our full analysis report here, it's free. Real Estate Services company The Real Brokerage (NASDAQ:REAX) jumped 3.7%. Is now the time to buy The Real Brokerage? Access our full analysis report here, it's free. Apparel and Accessories company ThredUp (NASDAQ:TDUP) jumped 8.2%. Is now the time to buy ThredUp? Access our full analysis report here, it's free. Real Estate Services company eXp World (NASDAQ:EXPI) jumped 6.5%. Is now the time to buy eXp World? Access our full analysis report here, it's free. Zooming In On ThredUp (TDUP) ThredUp's shares are extremely volatile and have had 74 moves greater than 5% over the last year. In that context, today's move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business. The previous big move we wrote about was 6 days ago when the stock dropped 3.2% after the latest U.S. consumer confidence report revealed underlying weakness despite a headline increase, raising concerns about future spending. While the Conference Board's headline Consumer Confidence Index rose to 97.2 in July, the details painted a more cautious picture for investors. The Present Situation Index, a measure of consumers' assessment of current business and labor market conditions, actually fell. More telling for the sector, the report showed a decline in buying intentions for major discretionary items such as homes, cars, and most appliances. This combination of factors signals potential weakness in future consumer spending, casting a shadow over companies that rely on non-essential purchases. ThredUp is up 563% since the beginning of the year, and at $9.35 per share, has set a new 52-week high. Investors who bought $1,000 worth of ThredUp's shares at the IPO in March 2021 would now be looking at an investment worth $467.25. Today's young investors likely haven't read the timeless lessons in Gorilla Game: Picking Winners In High Technology because it was written more than 20 years ago when Microsoft and Apple were first establishing their supremacy. But if we apply the same principles, then enterprise software stocks leveraging their own generative AI capabilities may well be the Gorillas of the future. So, in that spirit, we are excited to present our Special Free Report on a profitable, fast-growing enterprise software stock that is already riding the automation wave and looking to catch the generative AI next.
Geek Wire
01-07-2025
- Business
- Geek Wire
Flyhomes sells home search tech to The Real Brokerage, sharpens focus on mortgage business
GeekWire's startup coverage documents the Pacific Northwest entrepreneurial scene. Sign up for our weekly startup newsletter , and check out the GeekWire funding tracker and venture capital directory . ( screenshot) Flyhomes has sold its consumer home search technology and related assets to The Real Brokerage, marking a major shift for the Seattle-based real estate startup as it focuses more narrowly on mortgage lending. Real, a publicly traded company based in Miami, announced Tuesday that it acquired Flyhomes' AI-powered home search portal and made a strategic equity investment to support Flyhomes' transformation into a wholesale mortgage lender. In a press release, Flyhomes CEO and co-founder Tushar Garg said the company made a strategic decision to offload the home search tech and team in order to focus on expanding its signature 'Buy Before You Sell' financial offering via a wholesale mortgage channel. Specific terms of the deal were not disclosed. Real said it funded the acquisition and investment with cash, and does not expect a material impact on its financial results. Flyhomes has raised around $200 million in equity funding since launching in 2016. The company gained attention with a product that gave buyers upfront funding to make more competitive offers, and created the 'Buy Before You Sell' initiative in its early days as a rising star in Seattle's startup scene. But the real estate company later went through multiple rounds of layoffs amid rising interest rates and shifting housing demand. As recently as last year, Flyhomes was still investing in consumer home search tools when it acquired technology from ZeroDown, a San Francisco startup backed by OpenAI CEO Sam Altman that developed AI-fueled software for prospective homebuyers. Flyhomes declined to share an updated headcount. LinkedIn data shows more than 200 employees, including a large India-based workforce. Founded in 2014, Real went public in 2021. The acquisition bolsters its technology stack as it aims to simplify the home-buying process with AI-driven tools for both agents and consumers. The company will also offer Flyhomes' financing solutions through its One Real Mortgage subsidiary, giving Real's network of agents access to more flexible mortgage products.
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.
