Re/Max Holdings Inc RMAX.N reported quarterly adjusted earnings of 39 cents per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of 41 cents. The mean expectation of four analysts for the quarter was for earnings of 35 cents per share. Wall Street expected results to range from 34 cents to 37 cents per share.
Revenue fell 7.3% to $72.75 million from a year ago; analysts expected $74.24 million.
Re/Max Holdings Inc's reported EPS for the quarter was 23 cents.
The company reported quarterly net income of $4.69 million.
Re/Max Holdings Inc shares had risen by 0.1% this quarter and lost 23.2% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had fallen by about 11.2% 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 no "strong buy" or "buy," 3 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the real estate services peer group is "buy."
Wall Street's median 12-month price target for Re/Max Holdings Inc is $9.00, about 9% above its last closing price of $8.19
This summary was machine generated from LSEG data July 29 at 09:01 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)