Unpacking Q1 Earnings: Redfin (NASDAQ:RDFN) 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 Q1; on average, revenues beat analyst consensus estimates by 4.2%. while next quarter's revenue guidance was 4% below consensus. Inflation progressed towards the Fed's 2% goal at the end of 2023, leading to strong stock market performance. The start of 2024 has been a bumpier ride, as the market switches between optimism and pessimism around rate cuts due to mixed inflation data, but real estate services stocks have shown resilience, with share prices up 8.8% on average since the previous earnings results. Redfin (NASD
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News
- Real Launches Real Partners to Empower Agents With Industry-Leading Tools and Services for Increased Competitive Advantage [Yahoo! Finance]Yahoo! Finance
- Real Launches Real Partners to Empower Agents With Industry-Leading Tools and Services for Increased Competitive AdvantageBusiness Wire
- Real set to join Russell 3000® IndexBusiness Wire
- Real to Present at the June 2024 Sidoti Small Cap ConferenceBusiness Wire
- Real Continues to Strengthen Presence Throughout North America [Yahoo! Finance]Yahoo! Finance
REAX
Earnings
- 5/7/24 - Miss
REAX
Sec Filings
- 6/11/24 - Form 144
- 6/10/24 - Form 144
- 6/7/24 - Form 144
- REAX's page on the SEC website