Real Brokerage Q1 2024 GAAP EPS $(0.09) Misses $(0.04) Estimate, Sales $200.743M Beat $165.259M Estimate
Portfolio Pulse from Benzinga Newsdesk
Real Brokerage (NASDAQ:REAX) reported Q1 2024 earnings with a GAAP EPS of $(0.09), missing the $(0.04) estimate by 125%. However, their sales of $200.743M exceeded the $165.259M estimate by 21.47%, marking an 86.14% increase from the previous year.

May 07, 2024 | 11:27 am
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Real Brokerage reported a larger than expected Q1 2024 loss per share but exceeded sales forecasts, indicating mixed financial health.
The miss on EPS could concern investors about profitability, while the significant beat on sales forecasts may indicate strong revenue growth and market demand. The mixed results make the short-term impact neutral as investors weigh the implications of both earnings components.
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