Looking back on real estate services stocks’ Q4 earnings, we examine this quarter’s best and worst performers, including Offerpad (NYSE:OPAD) and its peers.
Large-cap stocks have the power to shape entire industries thanks to their size and widespread influence.
With such vast footprints, however, finding new areas for growth is much harder than for smaller, more agile players.
As the Q4 earnings season wraps, let’s dig into this quarter’s best and worst performers in the real estate services industry, including eXp World (NASDAQ:EXPI) and its peers.
The end of the earnings season is always a good time to take a step back and see who shined (and who not so much). Let’s take a look at how real estate services stocks fared in Q4, starting with CBRE (NYSE:CBRE).
The end of the earnings season is always a good time to take a step back and see who shined (and who not so much). Let’s take a look at how real estate services stocks fared in Q4, starting with Redfin (NASDAQ:RDFN).
The performance of consumer discretionary businesses is closely linked to economic cycles. Thankfully for the industry, demand trends seem to be healthy as discretionary stocks have gained 6.1% over the past six months.
This performance has nearly mirrored the S&P 500.
Earnings results often indicate what direction a company will take in the months ahead. With Q4 behind us, let’s have a look at Bowlero (NYSE:BOWL) and its peers.
Real estate brokerage and services firm Marcus & Millichap (NYSE:MMI)
will be announcing earnings results tomorrow before market hours. Here’s what to expect.
Commercial real estate firm CBRE (NYSE:CBRE) reported revenue ahead of Wall Street’s expectations in Q4 CY2024, with sales up 16.2% year on year to $10.4 billion. Its non-GAAP profit of $2.32 per share was 3.9% above analysts’ consensus estimates.
Wall Street climbed on Thursday, even as the Producer Price Index (PPI) sharply exceeded estimates in January, reigniting concerns over persistent inflationary pressures.
