Real estate technology company The Real Brokerage (NASDAQ:REAX) will be announcing earnings results tomorrow before market open. Here’s what you need to know.

The Real Brokerage beat analysts’ revenue expectations by 16.8% last quarter, reporting revenues of $350.6 million, up 93.4% year on year. It was an incredible quarter for the company, with a solid beat of analysts’ EPS estimates and an impressive beat of analysts’ EBITDA estimates.

Is The Real Brokerage a buy or sell going into earnings? Read our full analysis here, it’s free.

This quarter, analysts are expecting The Real Brokerage’s revenue to grow 65.8% year on year to $332.9 million, slowing from the 86.1% increase it recorded in the same quarter last year.The Real Brokerage Total Revenue

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. The Real Brokerage has a history of exceeding Wall Street’s expectations, beating revenue estimates every single time over the past two years by 20.8% on average.

Looking at The Real Brokerage’s peers in the real estate services segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Cushman & Wakefield delivered year-on-year revenue growth of 4.6%, beating analysts’ expectations by 2.5%, and eXp World reported revenues up 1.3%, falling short of estimates by 4%. Cushman & Wakefield traded up 4.2% following the results.

Read our full analysis of Cushman & Wakefield’s results here and eXp World’s results here.

There has been positive sentiment among investors in the real estate services segment, with share prices up 12.7% on average over the last month. The Real Brokerage is up 7% during the same time and is heading into earnings with an average analyst price target of $6.67 (compared to the current share price of $4.60).

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