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s the Q4 earnings season wraps up, a closer look at real estate services stocks reveals a mixed bag of performances. JLL (NYSE:JLL) and its peers have navigated the double-edged sword of technology in their industry. On one hand, digital platforms expand market reach, increasing transaction chances for buyers and sellers. Conversely, digitization threatens to disrupt traditional players who rely on information asymmetries.

    The 13 real estate services stocks we track collectively reported a solid Q4, with revenues beating analysts' estimates by 5.5%. However, next quarter's revenue guidance fell short of expectations by 1.2%. Despite this, share prices have taken a hit, declining an average of 20.4% since the latest earnings results.

    JLL (NYSE:JLL), founded through the merger of Jones Lang Wootton and LaSalle Partners in 1999, specializes in real estate advisory and investment management services. The company's Q4 revenues reached $6.81 billion, a 15.8% year-over-year increase that exceeded analysts' expectations by 1.4%. While JLL delivered strong results, its Capital Markets revenue estimates were missed.

    "JLL's focus on operating efficiency drove significant margin expansion and free cash flow generation throughout 2024," said Christian Ulbrich, CEO. Despite this, the stock is down 24.7% since reporting and currently trades at $212. Is it time to buy JLL? Access our full analysis of the earnings results here.

    In contrast, The Real Brokerage (NASDAQ:REAX), founded in Toronto in 2014, reported revenues of $350.6 million, a 93.4% year-over-year increase that outpaced analysts' expectations by 16.8%. This tech-driven real estate brokerage firm combines a tech-centric model with an agent-centric philosophy, achieving the fastest revenue growth among its peers.

    The Real Brokerage's impressive quarter included a solid beat of EPS estimates and an even more impressive beat of EBITDA estimates. The stock is down 10.8% since reporting and currently trades at $4.42. Is it time to buy The Real Brokerage? Access our full analysis of the earnings results here.