Re/Max Holdings Inc expected to post earnings of 42cents a share - Earnings Preview

Re/Max Holdings

14/02/2023 21:26

* Re/Max Holdings Inc  RMAX.N   RMAX.K  is expected to show
a fall
in quarterly revenue when it reports  results on February 16. 
    * The Denver Colorado-based  company is expected to report 
a
7.1% decrease in revenue to $82.854 million from $89.16 million
a year ago, according to the mean estimate from 4 analysts,
based on Refinitiv data. The company's guidance on November 3
2022, for the period ended December 31, was for revenue between
$80.00 million and $85.00 million.
    * ​Refinitiv's mean analyst estimate for Re/Max Holdings Inc
is
for earnings of 42 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 4
"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 $24​, above​ its last closing price of $22.98. ​​​

The company's guidance on November 3 2022 for the period ended
December 31 was for Earnings before Interest, Taxes,
Depreciation and Amortization of between USD80 million and USD27
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  
 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. 31 2021  0.56        0.56       0.60      Beat    7.5
 ​​Sep.        0.63        0.63       0.71      Beat    13.4
 30 2021                                                
 Jun. 30 2021  0.57        0.56       0.63      Beat    12.2​
 Mar. 31 2021  0.45        0.46       0.46      Met     -0.4
 Dec. 31 2020  0.45        0.45       0.47      Beat    4.4
 This summary was machine generated February 14 at 21:26 GMT. 
All figures in US dollars  unless otherwise stated