Re/Max Holdings Inc expected to post earnings of 36  cents a share - Earnings Preview

Re/Max Holdings

01/11/2023 02:41

* Re/Max Holdings Inc  RMAX.N   RMAX.K  is expected to show
a fall
in quarterly revenue when it reports  results on November 2. 
    * The Denver Colorado-based  company is expected to report 
a
12.2% decrease in revenue to $78.073 million from $88.94 million
a year ago, according to the mean estimate from 6 analysts,
based on LSEG data. The company's guidance on August 2 2023, for
the period ended September 30, was for revenue between $78.50
million and $83.50 million.
    * ​Refinitiv's mean analyst estimate for Re/Max Holdings Inc
is
for earnings of 36 cents per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 6
"hold" and no "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 $21​, above​ its last closing price of $10.76. ​​​

The company's guidance on August 2 2023 for the period ended
September 30 was for Earnings before Interest, Taxes,
Depreciation and Amortization of between USD78.5 million and
USD26.5 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  
 Jun. 30 2023  0.40        0.40       0.40      Met     0
 Mar. 31 2023  0.26        0.26       0.26      Met     -0.8
 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.        0.64        0.64       0.68      Beat    6.5
 30 2022                                                
 Mar. 31 2022  0.49        0.51       0.51      Met     0.7​
 Dec. 31 2021  0.56        0.56       0.60      Beat    7.5
 Sep. 30 2021  0.63        0.63       0.71      Beat    13.4
 This summary was machine generated November 1 at 02:40 GMT.  All
figures in US dollars  unless otherwise stated