Real Brokerage Full Year 2023 Earnings: Revenues Beat Expectations, EPS Lags
Real Brokerage (NASDAQ:REAX) Full Year 2023 Results
Key Financial Results
Revenue: US$689.2m (up 81% from FY 2022).
Net loss: US$27.5m (loss widened by 34% from FY 2022).
US$0.15 loss per share (further deteriorated from US$0.12 loss in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Real Brokerage Revenues Beat Expectations, EPS Falls Short
Revenue exceeded analyst estimates by 3.0%. Earnings per share (EPS) missed analyst estimates by 25%.
Looking ahead, revenue is forecast to grow 24% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Real Estate industry in the US.
Performance of the American Real Estate industry.
The company's shares are up 14% from a week ago.
Risk Analysis
It is worth noting though that we have found 2 warning signs for Real Brokerage that you need to take into consideration.
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