Q2 Earnings Roundup: Newmark (NASDAQ:NMRK) And The Rest Of The Real Estate Services Segment [Yahoo! Finance]
The Real Brokerage, Inc. - Common Shares (REAX)
Company Research
Source: Yahoo! Finance
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 14 real estate services stocks we track reported a mixed Q2. As a group, revenues beat analysts' consensus estimates by 1.9% while next quarter's revenue guidance was 13.1% below. The Fed cut its policy rate by 50bps (half a percent) in September 2024, the first in roughly four years. This marks the end of its most pointed inflation-busting campaign since the 1980s. While CPI (inflation) readings have been supportive as of late, employment measures bordered on concerning. The markets will be determining whether this rate cut (and more potential ones in 2024 and 2025) are ide
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High impacting The Real Brokerage, Inc. - Common Shares news events
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REAX
News
- Industry Veteran Joe Ballarino Brings 400 Agents to RealBusiness Wire
- Real Announces Winners of Its Inaugural Agent Brand AwardsBusiness Wire
- The Real Brokerage Inc. Announces Final Approval of Settlement Agreement in Class Action LitigationBusiness Wire
- Real September Agent Survey Reveals Uptick in Agent Optimism Despite Mortgage Rate and Election UncertaintyBusiness Wire
- Real Opens Investor Q&A Portal Ahead of Third Quarter 2024 Financial ResultsBusiness Wire
REAX
Earnings
- 8/7/24 - Beat
REAX
Sec Filings
- 10/31/24 - Form 6-K
- 10/28/24 - Form EFFECT
- 10/22/24 - Form 6-K
- REAX's page on the SEC website