The Real Brokerage (NASDAQ:REAX) Q3 Earnings: Leading The Real Estate Services Pack

As the Q3 earnings season wraps, let’s dig into this quarter’s best and worst performers in the real estate services industry, including The Real Brokerage (NASDAQ:REAX) and its peers.

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The 13 real estate services stocks we track reported a strong Q3. As a group, revenues beat analysts’ consensus estimates by 2.4% while next quarter’s revenue guidance was 1.4% below.

While some real estate services stocks have fared somewhat better than others, they have collectively declined. On average, share prices are down 2.4% since the latest earnings results.

Best Q3: The Real Brokerage (NASDAQ:REAX)

The Real Brokerage reported revenues of $372.5 million, up 73.5% year on year. This print exceeded analysts’ expectations by 7.4%. Overall, it was an incredible quarter for the company with a solid beat of analysts’ EPS estimates and an impressive beat of analysts’ EBITDA estimates.

“Real delivered another exceptional quarter underpinned by industry-leading growth and innovation,” said Tamir Poleg, Real’s Chairman and Chief Executive Officer.

The Real Brokerage scored the fastest revenue growth of the whole group. Investor expectations, however, were likely higher than Wall Street’s published projections, leaving some wishing for even better results (analysts’ consensus estimates are those published by big banks and advisory firms, not the investors who make buy and sell decisions). The stock is down 5.1% since reporting and currently trades at $5.35.

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JLL (NYSE:JLL)

JLL reported revenues of $5.87 billion, up 14.8% year on year, outperforming analysts’ expectations by 4.2%. The business had a stunning quarter with an impressive beat of analysts’ adjusted operating income estimates and a solid beat of analysts’ EPS estimates.

The market seems content with the results as the stock is up 1.8% since reporting. It currently trades at $284.76.

Weakest Q3: eXp World (NASDAQ:EXPI)

eXp World reported revenues of $1.23 billion, up 1.5% year on year, falling short of analysts’ expectations by 3.4%. It was a softer quarter as it posted a significant miss of analysts’ adjusted operating income and EPS estimates.

eXp World delivered the weakest performance against analyst estimates in the group. The stock is down 23.5% since the results and currently trades at $11.01.

Redfin (NASDAQ:RDFN)

Redfin reported revenues of $278 million, up 3.4% year on year. This result came in 1% below analysts' expectations. Aside from that, it was a weak quarter as it also logged a significant miss of analysts’ EBITDA estimates.

The stock is down 28.5% since reporting and currently trades at $8.20.

Marcus & Millichap (NYSE:MMI)

Marcus & Millichap reported revenues of $168.5 million, up 4% year on year. This number beat analysts’ expectations by 4.7%. Overall, it was a stunning quarter as it also put up a solid beat of analysts’ EBITDA estimates and an impressive beat of analysts’ EPS estimates.

The stock is down 5.9% since reporting and currently trades at $37.83.

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This content was originally published on Stock Story