Reis (REIS) Releases Quarterly Earnings, Beats Estimates By $0.01 EPS
Reis (NASDAQ:REIS) posted its quarterly earnings results on Thursday. The company reported $0.08 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.07 by $0.01, American Banking and Market News reports. The company had revenue of $10.20 million for the quarter, compared to the consensus estimate of $9.90 million.
On a related note, analysts at Zacks downgraded shares of Reis from an “outperform” rating to a “neutral” rating in a research note on Wednesday, July 2nd. They now have a $23.20 price target on the stock.
Reis (NASDAQ:REIS) traded down 0.50% on Thursday, hitting $22.00. 12,502 shares of the company’s stock traded hands. Reis has a 1-year low of $15.66 and a 1-year high of $23.36. The stock has a 50-day moving average of $21.17 and a 200-day moving average of $18.93. The company has a market cap of $244.2 million and a price-to-earnings ratio of 14.10.
Reis, Inc (NASDAQ:REIS) is a provider of commercial real estate market information and analytical tools for its customers.
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