RealReal (REAL) to Release Quarterly Earnings on Tuesday

RealReal (NASDAQ:REAL) is scheduled to be issuing its quarterly earnings data after the market closes on Tuesday, May 7th. Analysts expect RealReal to post earnings of ($0.14) per share for the quarter. RealReal has set its FY 2024 guidance at EPS and its Q1 2024 guidance at EPS.Individual that wish to register for the company’s earnings conference call can do so using this link.

RealReal (NASDAQ:REAL) last announced its earnings results on Thursday, February 29th. The company reported ($0.15) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.19) by $0.04. The company had revenue of $143.37 million for the quarter, compared to analyst estimates of $142.80 million. On average, analysts expect RealReal to post $-1 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

RealReal Price Performance

Shares of RealReal stock opened at $3.90 on Friday. The firm has a 50 day simple moving average of $3.35 and a 200 day simple moving average of $2.44. RealReal has a fifty-two week low of $1.05 and a fifty-two week high of $4.10. The firm has a market cap of $413.20 million, a P/E ratio of -2.34 and a beta of 2.94.

Insider Buying and Selling at RealReal

In other news, Director James R. Miller sold 21,060 shares of the company’s stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $3.91, for a total value of $82,344.60. Following the completion of the sale, the director now directly owns 160,492 shares of the company’s stock, valued at approximately $627,523.72. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other RealReal news, Director Karen Katz bought 6,500 shares of the firm’s stock in a transaction on Friday, March 8th. The stock was purchased at an average cost of $3.85 per share, with a total value of $25,025.00. Following the completion of the purchase, the director now owns 183,476 shares in the company, valued at $706,382.60. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director James R. Miller sold 21,060 shares of the stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $3.91, for a total value of $82,344.60. Following the completion of the sale, the director now owns 160,492 shares of the company’s stock, valued at $627,523.72. The disclosure for this sale can be found here. Insiders own 9.34% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. UBS Group boosted their target price on RealReal from $2.30 to $3.70 and gave the stock a “neutral” rating in a research report on Friday, April 12th. Needham & Company LLC reaffirmed a “buy” rating and issued a $6.00 target price on shares of RealReal in a research note on Friday, March 1st. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $3.61.

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.