RealReal (NASDAQ:REAL) Posts Quarterly Earnings Results

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RealReal (NASDAQ:REAL) posted its quarterly earnings results on Tuesday. The company reported ($0.28) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.34) by $0.06, Briefing.com reports. The company had revenue of $71.00 million for the quarter, compared to analyst estimates of $70.10 million. The firm’s revenue for the quarter was up 51.1% on a year-over-year basis.

REAL stock opened at $17.92 on Wednesday. RealReal has a 1-year low of $16.34 and a 1-year high of $30.05.

REAL has been the topic of several recent analyst reports. UBS Group initiated coverage on RealReal in a research report on Tuesday, July 23rd. They set a “buy” rating and a $30.00 price target on the stock. Raymond James initiated coverage on RealReal in a research report on Tuesday, July 23rd. They set a “market perform” rating on the stock. Bank of America lowered their price target on RealReal from $28.00 to $24.00 and set a “neutral” rating on the stock in a research report on Monday. Credit Suisse Group began coverage on RealReal in a research report on Tuesday, July 23rd. They set an “outperform” rating and a $30.00 price target on the stock. Finally, KeyCorp began coverage on RealReal in a report on Tuesday, July 23rd. They set an “overweight” rating and a $31.00 target price on the stock. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $29.50.

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