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

Re/Max Holdings

09/08/2024 09:40

* Re/Max Holdings Inc  RMAX.N  reported quarterly adjusted
earnings of 41 cents​​ per share for the quarter ended in June,
higher than the same quarter last year, when the company
reported EPS of 40 cents.  The mean expectation of
seven analysts for the quarter was for earnings of 35 cents per
share. Wall Street expected results to range from 30 cents to 39
cents per share.
    * Revenue fell 4.8% to $78.45 million from a year ago;
analysts
expected $77.79 million. 
    * Re/Max Holdings Inc's reported EPS for the quarter was 19
cents​.
    * The company reported quarterly net income of $3.71
million.
    * Re/Max Holdings Inc shares had risen by 6.9% this
quarter and
lost 35.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.5%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * 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 average consensus recommendation for the real estate
services peer group is also "hold"

Wall Street's median 12-month price target for Re/Max Holdings
Inc is $9.00 
This summary was machine generated from LSEG data August 9 at
08:40 a.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
 Jun. 30 2024      0.35           0.41           Beat
 Mar. 31 2024      0.19           0.20           Beat
 Dec. 31 2023      0.29           0.30           Beat
 Sep. 30 2023      0.36           0.40           Beat