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Bridgemarq Real Estate Services, Inc. (BREUF)
OTHER OTC:BREUF
Earnings Data
Report Date
May 08, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
-0.1Last Year’s EPS
-0.21Same Quarter Last Year
Moderate Buy
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 14, 2025
|% Change Since: 5.32%
|Next Earnings Date:May 08, 2025
Earnings Call Sentiment|Neutral
The earnings call reflects significant revenue growth and strategic expansion into brokerage operations. However, these positive developments are offset by a reported net loss, decreased adjusted net earnings, and challenges in certain markets. While the Canadian market demonstrated overall growth, higher operating expenses and decreased free cash flow were noted. The company's focus on technological advancements and the potential positive impact of interest rate cuts are promising. Overall, the call presents a mix of positive strategic moves and financial challenges.Company Guidance
During the 2024 Fourth Quarter Results Conference Call for Bridgemarq Real Estate Services, Inc., significant guidance was provided regarding the company's financial performance and strategic direction. The company reported a substantial increase in revenue for 2024, amounting to $350.7 million, up from $48.5 million in 2023, largely due to the acquisition of brokerage operations. However, Bridgemarq experienced a net loss of $10.3 million, in contrast to net earnings of $4 million the previous year, attributed to non-cash accounting losses, higher interest expenses, and increased depreciation and amortization. Adjusted net earnings for 2024 were $7.3 million, down from $12.4 million in 2023, primarily due to higher interest expenses and non-cash charges. Despite these challenges, the company generated $16.8 million in free cash flow and maintained a stable realtor network of over 20,000 professionals. The Canadian real estate market showed positive growth, with a 12% increase in the overall market value, driven by an 11% rise in unit sales and a 2% increase in average selling prices. The company remains optimistic about future growth opportunities, supported by innovations and strategic acquisitions, including the expansion of its brokerage operations and technological advancements to enhance services.Significant Revenue Growth
Revenue for 2024 amounted to $350.7 million compared to $48.5 million in 2023, reflecting substantial growth due to the addition of brokerage operations.
Expansion into Real Estate Brokerage Operations
The company expanded into real estate brokerage operations, which contributed to future growth opportunities.
Canadian Market Growth
The overall Canadian real estate market showed positive growth, closing at $338 billion, an increase of 12% compared to 2023, driven by an 11% increase in unit sales and a 2% rise in average selling price.
Technological Advancements
The company focused on innovation and technological advancement, incorporating AI tools to support real estate professionals.
Interest Rate Cuts
The Bank of Canada cut its key lending rate by 25 basis points to 2.75%, marking the seventh consecutive cut, which is expected to be favorable for buyers.
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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 |
|---|---|---|---|
| Mar 14, 2025 | $9.02 | $9.25 | +2.55% |
| Nov 15, 2024 | $10.57 | $10.24 | -3.12% |
| Aug 13, 2024 | $8.65 | $9.01 | +4.16% |
| May 15, 2024 | $8.95 | $8.88 | -0.78% |
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 May 08, 2025, TBA Not Confirmed.
What is Bridgemarq Real Estate Services, Inc. (BREUF) earnings time?
Bridgemarq Real Estate Services, Inc. (BREUF) earnings time is at May 08, 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 2025 (Q1) is -0.1.
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