Zacks Research Issues Positive Forecast for RENX Earnings

Safe and Green Development Corporation (NASDAQ:RENX) – Research analysts at Zacks Research boosted their Q1 2026 EPS estimates for Safe and Green Development in a research note issued to investors on Thursday, April 2nd. Zacks Research analyst B. Lantier now expects that the company will post earnings of ($1.66) per share for the quarter, up from their prior estimate of ($2.00). Zacks Research also issued estimates for Safe and Green Development’s Q2 2026 earnings at ($1.56) EPS, Q3 2026 earnings at ($1.42) EPS, Q4 2026 earnings at ($1.24) EPS, FY2026 earnings at ($5.86) EPS, Q1 2027 earnings at ($1.03) EPS, Q2 2027 earnings at ($0.90) EPS, Q3 2027 earnings at ($0.83) EPS, Q4 2027 earnings at ($0.73) EPS and FY2027 earnings at ($3.48) EPS.

A number of other analysts have also recently weighed in on the stock. Weiss Ratings restated a “sell (e+)” rating on shares of Safe and Green Development in a research note on Friday, March 27th. Wall Street Zen upgraded shares of Safe and Green Development to a “sell” rating in a research note on Monday, March 30th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has an average rating of “Sell”.

Safe and Green Development Stock Performance

Shares of Safe and Green Development stock traded up $0.36 on Tuesday, reaching $2.77. The stock had a trading volume of 996,129 shares, compared to its average volume of 3,043,593. The business’s 50-day moving average price is $2.80 and its two-hundred day moving average price is $11.09. The company has a debt-to-equity ratio of 1.79, a quick ratio of 0.07 and a current ratio of 0.07. Safe and Green Development has a fifty-two week low of $1.42 and a fifty-two week high of $47.20. The stock has a market cap of $6.95 million, a P/E ratio of -0.03 and a beta of 3.87.

Safe and Green Development (NASDAQ:RENX) last issued its quarterly earnings data on Wednesday, April 1st. The company reported $3.01 earnings per share for the quarter. Safe and Green Development had a negative net margin of 277.22% and a negative return on equity of 733.82%. The business had revenue of $5.57 million during the quarter.

Hedge Funds Weigh In On Safe and Green Development

An institutional investor recently raised its position in Safe and Green Development stock. Virtu Financial LLC boosted its stake in shares of Safe and Green Development Corporation (NASDAQ:RENX) by 127.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,645 shares of the company’s stock after purchasing an additional 14,954 shares during the quarter. Virtu Financial LLC owned 0.30% of Safe and Green Development worth $36,000 at the end of the most recent quarter. Institutional investors own 2.59% of the company’s stock.

Safe and Green Development News Roundup

Here are the key news stories impacting Safe and Green Development this week:

• Positive Sentiment: Zacks Research revised multiple quarterly and full‑year EPS forecasts upward (less negative), trimming FY2026 loss expectations from ($6.80) to ($5.86) and FY2027 from ($3.60) to ($3.48) — a signal analysts expect smaller future losses, which can support a higher share price. MarketBeat RENX Coverage
• Positive Sentiment: RenX Enterprises (RENX’s organic waste transport unit) renewed a major service agreement covering the Tampa Bay area — a contract responsible for more than $3 million in 2025 revenue — improving near‑term revenue visibility and cash generation prospects. GlobeNewswire: Contract Renewal
• Neutral Sentiment: Some Zacks tweaks were mixed — most quarter forecasts were raised (narrower losses) but Q3 2027 saw a slight cut (from ($0.80) to ($0.83)), indicating continued forecasting uncertainty. MarketBeat RENX Coverage
• Negative Sentiment: Fundamental risks remain: RENX is a microcap with a very low market cap, negative margins and ROE, high debt-to-equity, and thin liquidity — these factors can amplify volatility and limit sustainable upside despite positive news. MarketBeat RENX Profile

Safe and Green Development Company Profile

Safe and Green Development Corporation operates as a real estate development company. It focuses on building single and multifamily projects. The company was formerly known as SGB Development Corp. and changed its name to Safe and Green Development Corporation in December 2022. The company was incorporated in 2021 and is based in Miami, Florida. Safe and Green Development Corporation is a subsidiary of Safe & Green Holdings Corp.