Re/Max Holdings Inc reports results for the quarter ended in September 30 - Earnings Summary

Re/Max Holdings

01/11/2024 03:12

* Re/Max Holdings Inc  RMAX.N  reported quarterly adjusted
earnings of 38 cents​​ per share for the quarter ended September
30, lower 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 36 cents per
share. Wall Street expected results to range from 31 cents to 40
cents per share.
    * Revenue fell 3.4% to $78.48 million from a year ago;
analysts
expected $78.18 million. 
    * Re/Max Holdings Inc's reported EPS for the quarter was 5
cents​.
    * The company reported quarterly net income of $966
thousand.
    * Re/Max Holdings Inc shares had fallen by 1.2% this
quarter and
lost 7.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 1.1%
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 $10.00 
This summary was machine generated from LSEG data November 1 at
03:11 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
 Sep. 30 2024      0.36           0.38           Beat
 Jun. 30 2024      0.35           0.41           Beat
 Mar. 31 2024      0.19           0.20           Beat
 Dec. 31 2023      0.29           0.30           Beat