Q3 Earnings Outperformers: CBRE (NYSE:CBRE) And The Rest Of The Real Estate Services Stocks [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 satisfactory Q3. As a group, revenues beat analysts' consensus estimates by 1.6% while next quarter's revenue guidance was 7.8% below. Luckily, real estate services stocks have performed well with share prices up 14.3% on average since the latest earnings results. Established in 1906, CBRE (NYSE:CBRE) is one of the largest commercial real estate services firms in the world. CBRE reported revenues of $9.04 billion, up 14.8% year on year. This print exceeded analysts' expectations by 2.7%. Overall, it was a very strong qua
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REAX
News
- The Real Brokerage Inc. Publishes Inaugural Sustainability ReportBusiness Wire
- The Real Brokerage Inc. (NASDAQ: REAX) is now covered by analysts at BTIG Research. They set a "buy" rating and a $6.00 price target on the stock.MarketBeat
- Real's November Agent Survey: Agents Anticipate Market Recovery in 2025 [Yahoo! Finance]Yahoo! Finance
- Real’s November Agent Survey: Agents Anticipate Market Recovery in 2025Business Wire
- Urban Nest, Las Vegas' No. 1 Real Estate Branch, Joins Real [Yahoo! Finance]Yahoo! Finance
REAX
Earnings
- 11/7/24 - Beat
REAX
Sec Filings
- 12/18/24 - Form 144
- 12/17/24 - Form 144
- 12/9/24 - Form 144
- REAX's page on the SEC website