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Bridgemarq Real Estate Services, Inc. (BREUF)
:BREUF
Earnings Data
Report Date
Mar 14, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-0.1Last Year’s EPS
-0.08Same Quarter Last Year
Moderate Buy
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 15, 2024
|% Change Since: -8.72%
|Next Earnings Date:Mar 14, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mixed view. On the positive side, there was significant revenue growth and strategic market developments. However, these were offset by a reported net loss, a decline in adjusted earnings, and challenges in specific real estate markets, leading to a balanced sentiment.Company Guidance
During the Q3 2024 earnings call for Bridgemarq Real Estate Services Inc. (BRE.TO), the company provided several key financial metrics and updates. Revenue for the quarter was reported at $126.8 million, a significant increase from $12.8 million in the same period last year, largely due to acquisitions made at the end of Q1. The company declared a dividend of $0.1125 per share, maintaining an annualized dividend of $1.35 per share. Despite a net loss of $10.8 million in the quarter, adjusted net earnings were $2.7 million, down from $3.7 million the previous year. The decline was attributed to higher amortization expenses and fair valuation losses on exchangeable units. Cash from operating activities totaled $2.7 million, with a slight year-over-year increase in free cash flow to $5.3 million. The Canadian real estate market saw growth, with national sales increasing by 5%, while regional variations were noted, including an 18% increase in Quebec and a 9% decrease in Greater Vancouver. The call highlighted strategic initiatives and market conditions, including policy rate cuts by the Bank of Canada, which are expected to enhance real estate market performance.Significant Revenue Growth
Revenue for Q3 was $126.8 million compared to $12.8 million last year, a substantial increase due to the acquisition of businesses. Revenue during the first 9 months of the year was $249.2 million, up from $37.6 million in 2023.
Canadian Real Estate Market Growth
The Canadian residential real estate market grew by 5% in Q3 2024 compared to the same period in 2023, driven by a 1% rise in average selling price and a 4% increase in sales.
Market Developments and Initiatives
Launch of RLP InvestorsEdge, a new investor platform, and collaborations with a real estate training academy to support growth and innovation within the company.
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BREUF Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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BREUF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 15, 2024 | $10.66 | $10.33 | -3.10% |
| Aug 13, 2024 | $8.72 | $9.08 | +4.13% |
| May 15, 2024 | $9.02 | $8.95 | -0.78% |
| Mar 28, 2024 | $9.54 | $9.53 | -0.10% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Bridgemarq Real Estate Services, Inc. (BREUF) report earnings?
Bridgemarq Real Estate Services, Inc. (BREUF) is schdueled to report earning on Mar 14, 2025, TBA Not Confirmed.
What is Bridgemarq Real Estate Services, Inc. (BREUF) earnings time?
Bridgemarq Real Estate Services, Inc. (BREUF) earnings time is at Mar 14, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is BREUF EPS forecast?
BREUF EPS forecast for the fiscal quarter 2024 (Q4) is -0.1.
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