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
Impact Snapshot
Event Time:
REAX
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
REAX alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
REAX alerts
High impacting The Real Brokerage, Inc. - Common Shares news events
Weekly update
A roundup of the hottest topics
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