Real estate technology company The Real Brokerage (NASDAQ: REAX) will be reporting results this Thursday before the bell. Here’s what you need to know.

The Real Brokerage beat analysts’ revenue expectations last quarter, reporting revenues of $700.6 million, up 29.6% year on year. It was a satisfactory quarter for the company, with a solid beat of analysts’ EBITDA estimates but a significant miss of analysts’ EPS estimates.

Is The Real Brokerage a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, the market is expecting The Real Brokerage’s revenue to grow 20.3% year on year, slowing from the 52.6% increase it recorded in the same quarter last year.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. The Real Brokerage rarely misses Wall Street’s revenue estimates.

Looking at The Real Brokerage’s peers in the consumer discretionary - real estate services segment, some have already reported their Q3 results, giving us a hint as to what we can expect. JLL delivered year-on-year revenue growth of 11.8%, beating analysts’ expectations by 1.5%, and Newmark reported revenues up 12.7%, topping estimates by 2.2%. JLL traded up 17.9% following the results while Newmark was down 4.5%.

Read our full analysis of JLL’s results here and Newmark’s results here.

There has been positive sentiment among investors in the consumer discretionary - real estate services segment, with share prices up 4.7% on average over the last month. The Real Brokerage is down 6.9% during the same time and is heading into earnings with an average analyst price target of $31.58 (compared to the current share price of $15.30).

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