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

Re/Max Holdings

29/10/2024 21:06

* Re/Max Holdings Inc  RMAX.N   RMAX.K  is expected to show
a fall
in quarterly revenue when it reports  results on October 31 for
the period ending September 30 2024
    * The Denver Colorado-based  company is expected to report a
3.7% decrease in revenue to $78.185 million from $81.22 million
a year ago, according to the mean estimate from 6 analysts,
based on LSEG data.The company's guidance on August 8 2024, for
the period ended September 30, 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 36 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​, below​ its last closing price of $12.34. ​​​

The company's guidance on August 8 2024 for the period ended
September 30 was for Earnings before Interest, Taxes,
Depreciation and Amortization of between USD75 million and
USD27.5 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  
 Jun. 30 2024  0.35        0.35       0.41      Beat    16
 Mar. 31 2024  0.19        0.19       0.20      Beat    3.5
 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.        0.40        0.40       0.40      Met     0
 30 2023                                                
 Mar. 31 2023  0.26        0.26       0.26      Met     -0.8​
 Jan. 1 0001   0.41        0.42       0.41      Missed  -2.4
 Sep. 30 2022  0.56        0.58       0.56      Missed  -2.9
 This summary was machine generated October 29 at 21:05 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)