Brokerages predict that RealNetworks, Inc. (NASDAQ:RNWK) will announce earnings of ($0.19) per share for the current quarter, Zacks reports. Zero analysts have issued estimates for RealNetworks’ earnings. RealNetworks posted earnings per share of ($0.24) in the same quarter last year, which would indicate a positive year-over-year growth rate of 20.8%. The company is scheduled to report its next quarterly earnings results on Thursday, November 2nd.

On average, analysts expect that RealNetworks will report full-year earnings of ($0.82) per share for the current year. For the next fiscal year, analysts forecast that the business will report earnings of ($0.38) per share. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research firms that follow RealNetworks.

RealNetworks (NASDAQ:RNWK) last announced its earnings results on Thursday, August 3rd. The technology company reported ($0.09) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.21) by $0.12. RealNetworks had a negative net margin of 20.48% and a negative return on equity of 36.41%. The company had revenue of $33.11 million for the quarter, compared to analyst estimates of $30.63 million. During the same period in the prior year, the business earned ($0.09) earnings per share.

Several equities research analysts recently issued reports on RNWK shares. Zacks Investment Research raised shares of RealNetworks from a “sell” rating to a “hold” rating in a report on Wednesday, July 5th. B. Riley reaffirmed a “buy” rating and set a $6.50 price target on shares of RealNetworks in a report on Sunday, July 23rd.

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Several large investors have recently made changes to their positions in RNWK. Park West Asset Management LLC raised its stake in shares of RealNetworks by 58.8% in the first quarter. Park West Asset Management LLC now owns 1,787,422 shares of the technology company’s stock valued at $8,651,000 after buying an additional 662,078 shares during the period. Prudential Financial Inc. raised its stake in shares of RealNetworks by 10.6% in the first quarter. Prudential Financial Inc. now owns 140,754 shares of the technology company’s stock valued at $681,000 after buying an additional 13,500 shares during the period. Renaissance Technologies LLC raised its stake in shares of RealNetworks by 1.7% in the first quarter. Renaissance Technologies LLC now owns 1,177,678 shares of the technology company’s stock valued at $5,700,000 after buying an additional 19,300 shares during the period. Parametric Portfolio Associates LLC raised its stake in shares of RealNetworks by 3.4% in the first quarter. Parametric Portfolio Associates LLC now owns 38,991 shares of the technology company’s stock valued at $189,000 after buying an additional 1,298 shares during the period. Finally, Bank of New York Mellon Corp raised its stake in shares of RealNetworks by 1.6% in the first quarter. Bank of New York Mellon Corp now owns 108,940 shares of the technology company’s stock valued at $528,000 after buying an additional 1,690 shares during the period. 50.32% of the stock is currently owned by institutional investors.

Shares of RealNetworks (NASDAQ:RNWK) traded up 1.95% during trading on Wednesday, hitting $4.18. 36,737 shares of the stock were exchanged. The firm’s market capitalization is $155.50 million. RealNetworks has a 52 week low of $4.09 and a 52 week high of $5.45. The firm has a 50 day moving average price of $4.28 and a 200 day moving average price of $4.52.

About RealNetworks

RealNetworks, Inc creates applications and services that enable to connect with digital media. The Company connects consumers with their digital media directly and through partners, focusing on supporting various network, devices, media types and social networks. It operates through three segments: Consumer Media, Mobile Services and Games.

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Earnings History and Estimates for RealNetworks (NASDAQ:RNWK)

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