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

Re/Max Holdings

04/05/2024 24:02

* Re/Max Holdings Inc  RMAX.N  reported quarterly adjusted
earnings of 20 cents​​ per share for the quarter ended in March,
lower than the same quarter last year, when the company reported
EPS of 26 cents.  The mean expectation of seven analysts for the
quarter was for earnings of 19 cents per share. Wall Street
expected results to range from 16 cents to 24 cents per share.
    * Revenue fell 8.3% to $78.29 million from a year ago;
analysts
expected $77.26 million. 
    * Re/Max Holdings Inc's reported EPS for the quarter was a
loss
of 18 cents​.
    * The company reported a quarterly loss of $3.35 million.
    * Re/Max Holdings Inc shares had fallen by 18.4% this
quarter and
lost 46.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 32.2%
in the last three months.​ 
    * In the last 30 days, three analysts negatively revised
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 May 3 at 11:02
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
 Mar. 31 2024      0.19           0.20           Beat
 Dec. 31 2023      0.29           0.30           Beat
 Sep. 30 2023      0.36           0.40           Beat
 Jun. 30 2023      0.40           0.40           Met