Q: Hello, can you comment on most recent REAL quarterly release?
Thank you
Stephane
Thank you
Stephane
5i Research Answer:
We have some addtional comments posted on REAL today as well. EPS of 1c missed estimates of 1.2c. Revenue of $12M missed estimates of $12.9M. EBITDA of $600K missed estimates of $1.04M. Income fell sharply year over year. EPS fell by half. Net revenue rose slightly. It was a weak quarter, but guidance commentary was more positive, with lower rates likely to drive higher housing sales. We would see it as a HOLD.