RealReal (REAL) to Release Quarterly Earnings on Monday

RealReal (NASDAQ:REAL) is set to issue its quarterly earnings data after the market closes on Monday, November 4th. Analysts expect the company to announce earnings of ($0.21) per share for the quarter. RealReal has set its FY 2024 guidance at EPS and its Q3 2024 guidance at EPS.Persons that are interested in registering for the company’s earnings conference call can do so using this link.

RealReal (NASDAQ:REAL) last issued its earnings results on Tuesday, August 6th. The company reported ($0.22) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.24) by $0.02. The business had revenue of $144.93 million for the quarter, compared to the consensus estimate of $139.85 million. On average, analysts expect RealReal to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.

RealReal Trading Up 3.1 %

REAL opened at $2.99 on Friday. RealReal has a 12 month low of $1.38 and a 12 month high of $4.64. The company has a market cap of $324.41 million, a PE ratio of -3.22 and a beta of 2.79. The company has a 50 day moving average of $2.94 and a 200 day moving average of $3.29.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on REAL shares. Northland Securities initiated coverage on RealReal in a research note on Monday, September 16th. They issued an “outperform” rating and a $6.00 target price on the stock. Northland Capmk raised shares of RealReal to a “strong-buy” rating in a research note on Monday, September 16th. Wedbush dropped their target price on shares of RealReal from $4.50 to $4.00 and set an “outperform” rating for the company in a research report on Wednesday, August 7th. Finally, Robert W. Baird decreased their price target on shares of RealReal from $4.00 to $3.50 and set a “neutral” rating on the stock in a report on Wednesday, August 7th. Four analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $4.24.

Insider Activity at RealReal

In other news, Director Karen Katz sold 33,000 shares of RealReal stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $2.62, for a total value of $86,460.00. Following the transaction, the director now owns 201,301 shares in the company, valued at approximately $527,408.62. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Karen Katz sold 33,000 shares of RealReal stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of $2.62, for a total value of $86,460.00. Following the transaction, the director now directly owns 201,301 shares of the company’s stock, valued at $527,408.62. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Steve Ming Lo sold 20,610 shares of the stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $2.61, for a total transaction of $53,792.10. Following the sale, the chief accounting officer now directly owns 508,528 shares of the company’s stock, valued at $1,327,258.08. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 116,337 shares of company stock valued at $303,970. Insiders own 9.78% of the company’s stock.

RealReal Company Profile

The RealReal, Inc operates an online marketplace for resale luxury goods in the United State. The company offers various product categories, including women's fashion, men's fashion, jewelry, and watches. It primarily sells products through online marketplace and retail stores. The company was incorporated in 2011 and is headquartered in San Francisco, California.