RealReal (NASDAQ:REAL) Posts Earnings Results, Beats Expectations By $0.06 EPS
RealReal (NASDAQ:REAL) announced its earnings results on Tuesday. The company reported ($0.28) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.34) by $0.06, Briefing.com reports. The business had revenue of $71.00 million during the quarter, compared to analyst estimates of $70.10 million. The business’s revenue was up 51.1% compared to the same quarter last year.
Shares of REAL stock opened at $17.92 on Wednesday. RealReal has a 12 month low of $16.34 and a 12 month high of $30.05.
REAL has been the subject of a number of research reports. KeyCorp initiated coverage on RealReal in a research note on Tuesday, July 23rd. They issued an “overweight” rating and a $31.00 target price for the company. Bank of America lowered their target price on RealReal from $28.00 to $24.00 and set a “neutral” rating for the company in a research note on Monday. Cowen initiated coverage on RealReal in a research note on Tuesday, July 23rd. They issued an “outperform” rating and a $32.00 target price for the company. Raymond James initiated coverage on RealReal in a research note on Tuesday, July 23rd. They issued a “market perform” rating for the company. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $30.00 price objective on shares of RealReal in a research report on Wednesday. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. RealReal currently has a consensus rating of “Buy” and an average price target of $29.50.
See Also: Hold Rating
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