Real estate technology company The Real Brokerage (NASDAQ:REAX) will be announcing earnings results tomorrow morning. Here's what to expect.

The Real Brokerage beat analysts' revenue expectations by 12.4% last quarter, reporting revenues of $181.3 million, up 88.7% year on year. It was a weak quarter for the company, with a miss of analysts' earnings estimates.

Is The Real Brokerage a buy or sell going into earnings? Read our full analysis here, it's free.

This quarter, analysts are expecting The Real Brokerage's revenue to grow 58.3% year on year to $170.7 million, slowing from the 74.9% increase it recorded in the same quarter last year.

The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. The Real Brokerage has only missed Wall Street's revenue estimates once over the last two years, exceeding top-line expectations by 27.1% on average.

Looking at The Real Brokerage's peers in the real estate services segment, some have already reported their Q1 results, giving us a hint as to what we can expect. RE/MAX's revenues decreased 8.3% year on year, beating analysts' expectations by 1.3%, and CBRE reported revenues up 7.1%, in line with consensus estimates. RE/MAX traded up 7.5% following the results.

Read our full analysis of RE/MAX's results here and CBRE's results here.

Stocks--especially those trading at higher multiples--had a strong end of 2023, but 2024 has seen periods of volatility. Mixed inflation signals have led to uncertainty around rate cuts, and while some of the real estate services stocks have fared somewhat better, they have not been spared, with share prices down 3.4% on average over the last month. The Real Brokerage is down 2.1% during the same time and is heading into earnings with an average analyst price target of $4.3 (compared to the current share price of $4.15).

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