Re/Max Holdings Inc expected to post earnings of 19 cents a share - Earnings Preview

Re/Max Holdings

01/05/2024 24:38

* Re/Max Holdings Inc  RMAX.N   RMAX.K  is expected to show
a fall
in quarterly revenue when it reports  results on May 2 for the
period ending March 31 2024
    * The Denver Colorado-based  company is expected to report a
9.5% decrease in revenue to $77.265 million from $85.4 million a
year ago, according to the mean estimate from 6 analysts, based
on LSEG data.The company's guidance on February 22 2024, for the
period ended March 31, was for revenue between $75.00 million
and $80.00 million.
    * ​LSEG's mean analyst estimate for Re/Max Holdings Inc is
for
earnings of 19 cents per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 5
"hold" and 2 "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Re/Max
Holdings
Inc is $10.00​, above​ its last closing price of $7.02. ​​​

The company's guidance on February 22 2024 for the period ended
March 31 was for Earnings before Interest, Taxes, Depreciation
and Amortization of between USD75 million and USD19.5 million.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Dec. 31 2023  0.28        0.29       0.30      Beat    4.7
 Sep. 30 2023  0.37        0.36       0.40      Beat    11.1
 Jun. 30 2023  0.40        0.40       0.40      Met     0​
 Jan. 1 0001   0.26        0.26       0.26      Met     -0.8
 ​​Dec.        0.41        0.42       0.41      Missed  -2.4
 31 2022                                                
 Jan. 1 0001   0.56        0.58       0.56      Missed  -2.9​
 Jan. 1 0001   0.64        0.64       0.68      Beat    6.5
 Mar. 31 2022  0.49        0.51       0.51      Met     0.7
 This summary was machine generated April 30 at 23:38 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)