- REA Group reported a core net income of A$319.9 million for the first half, marking a 28% increase year-on-year. This exceeded the estimated A$314.5 million.
- The company’s reported net income rose significantly to A$441.3 million from A$127.4 million the previous year.
- An interim dividend per share of A$1.10 was announced, up from A$0.870 in the previous year.
- Core revenue for the first half was A$872.9 million, representing a 20% increase year-on-year and surpassing the estimated A$859.7 million.
- The company announced the retirement of CEO Owen Wilson.
- Analyst recommendations for REA Group include 7 buy ratings, 7 hold ratings, and 2 sell ratings.
- Comparisons to past results are based on the company’s original disclosures.
A look at REA Group Ltd Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 2 | |
| Growth | 3 | |
| Resilience | 3 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 2.8 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
REA Group Ltd, a prominent player in the online property listings and real estate industry, shows a mixed outlook based on the Smartkarma Smart Scores. With a moderate score in both the Value and Dividend categories, the company is considered to have solid but not exceptional performance in these areas. However, where REA Group Ltd shines is in its Growth and Resilience scores, indicating a positive trajectory for the company’s expansion and its ability to weather economic uncertainties. Additionally, the high Momentum score suggests that the company is experiencing strong market support and is likely to continue its upward trend in the near future. Overall, REA Group Ltd seems well-positioned for sustained growth and resilience in the long term.
In conclusion, REA Group Ltd‘s Smartkarma Smart Scores paint a picture of a company with steady fundamentals and strong market momentum. With a focus on growth and resilience, coupled with solid value and dividend performance, the company appears poised for continued success in the online property listings and real estate advertising sector. As a provider of online real estate search services to the Australian public, REA Group Ltd‘s overall outlook indicates a promising future ahead in the ever-evolving digital real estate landscape.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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