Re/Max Holdings Inc expected to post earnings of 26  cents a share - Earnings Preview

Re/Max Holdings

03/05/2023 02:35

* Re/Max Holdings Inc  RMAX.N   RMAX.K  is expected to show
a fall
in quarterly revenue when it reports  results on May 4. 
    * The Denver Colorado-based  company is expected to report 
a
8.1% decrease in revenue to $83.622 million from $91 million a
year ago, according to the mean estimate from 5 analysts, based
on Refinitiv data. The company's guidance on February 16 2023,
for the period ended March 31, was for revenue between $82.00
million and $87.00 million.
    * ​Refinitiv's mean analyst estimate for Re/Max Holdings Inc
is
for earnings of 26 cents per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 4
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts had fallen by
about 0.9%
in the last three months. ​
    * Wall Street's median 12-month price target for Re/Max
Holdings
Inc is $21.5​, above​ its last closing price of $18.82. ​​​

The company's guidance on February 16 2023 for the period ended
March 31 was for Earnings before Interest, Taxes, Depreciation
and Amortization of between USD82 million and USD21.5 million.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Dec. 31 2022  0.41        0.42       0.41      Missed  -2.4
 Sep. 30 2022  0.56        0.58       0.56      Missed  -2.9
 Jun. 30 2022  0.64        0.64       0.68      Beat    6.5​
 Mar. 31 2022  0.49        0.51       0.51      Met     0.7
 ​​Dec.        0.56        0.56       0.60      Beat    7.5
 31 2021                                                
 Sep. 30 2021  0.63        0.63       0.71      Beat    13.4​
 Jun. 30 2021  0.57        0.56       0.63      Beat    12.2
 Mar. 31 2021  0.45        0.46       0.46      Met     -0.4
 This summary was machine generated May 3 at 01:35 GMT.  All
figures in US dollars  unless otherwise stated