Published on 8 Mar 2024 on Zacks via Yahoo Finance
The RealReal, Inc. (REAL) Hit a 52 Week High, Can the Run Continue?
Have you been paying attention to shares of The RealReal (REAL)? Shares have been on the move with the stock up 103.3% over the past month. The stock hit a new 52-week high of $4.1 in the previous session. The RealReal has gained 82.1% since the start of the year compared to the 1.2% move for the Zacks Consumer Discretionary sector and the 3.4% return for the Zacks Consumer Products - Discretionary industry.
What's Driving the Outperformance?
The stock has a great record of positive earnings surprises, as it hasn't missed our earnings consensus estimate in any of the last four quarters. In its last earnings report on February 29, 2024, The RealReal reported EPS of $-0.07 versus consensus estimate of $-0.11.