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0.00383141762452113 0.00229885057471259 -0.00383141762452113 -0.00383141762452113 -0.00996168582375485 -0.0298850574712644 -0.0252873563218391 -0.0283524904214559
Stock impact report

Unpacking Q2 Earnings: Marcus & Millichap (NYSE:MMI) In The Context Of Other 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 mixed Q2. As a group, revenues beat analysts' consensus estimates by 1.9% while next quarter's revenue guidance was 13.1% below. Stocks, especially growth stocks with cash flows further into the future, had a good end of 2023. On the other hand, this year has seen more volatile stock market swings due to mixed inflation data. Luckily, real estate services stocks have performed well with share prices up 16.7% on average since the latest earnings results. Marcus & Millichap (NYSE:MMI) Founded in 1971, Marcus & Millichap (N Show less Read more
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