RealReal (REAL) Set to Announce Earnings on Monday

RealReal (NASDAQ:REAL) is scheduled to announce its earnings results 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.Individual interested in registering for the company’s 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 (EPS) for the quarter, beating the consensus estimate of ($0.24) by $0.02. The company had revenue of $144.93 million during the quarter, compared to analyst estimates 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 Price Performance

Shares of NASDAQ: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 firm has a market capitalization of $324.42 million, a P/E ratio of -3.22 and a beta of 2.79. The company’s fifty day moving average price is $2.94 and its 200 day moving average price is $3.29.

Insider Transactions at RealReal

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

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. Northland Securities began coverage on RealReal in a report on Monday, September 16th. They issued an “outperform” rating and a $6.00 target price for the company. Robert W. Baird cut their price target on RealReal from $4.00 to $3.50 and set a “neutral” rating on the stock in a research report on Wednesday, August 7th. Northland Capmk raised RealReal to a “strong-buy” rating in a report on Monday, September 16th. Finally, Wedbush cut their target price on shares of RealReal from $4.50 to $4.00 and set an “outperform” rating on the stock in a report on Wednesday, August 7th. Four equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, RealReal has an average rating of “Moderate Buy” and a consensus target price of $4.24.

About RealReal

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.