Re/Max Holdings Inc reports results for the quarter ended in December - Earnings Summary

Re/Max Holdings

23/02/2024 20:30

* Re/Max Holdings Inc  RMAX.N  reported quarterly adjusted
earnings of 30 cents​​ per share for the quarter ended in
December, lower than the same quarter last year, when the
company reported EPS of 41 cents.  The mean expectation of
seven analysts for the quarter was for earnings of 29 cents per
share. Wall Street expected results to range from 25 cents to 33
cents per share.
    * Revenue fell 5.7% to $76.60 million from a year ago;
analysts
expected $76.97 million. 
    * Re/Max Holdings Inc's reported EPS for the quarter was a
loss
of 60 cents​.
    * The company reported a quarterly loss of $10.91 million.
    * Re/Max Holdings Inc shares had fallen by 32.9% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.5%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 4
"hold" and 2 "sell" or "strong sell." 
    * Wall Street's median 12-month price target for Re/Max
Holdings
Inc is $11.00 

This summary was machine generated from LSEG data February 23 at
08:30 p.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      0.29           0.30           Beat
 Sep. 30 2023      0.36           0.40           Beat
 Jun. 30 2023      0.40           0.40           Met
 Mar. 31 2023      0.26           0.26           Met