RE/MAX Hldgs Q2 EPS $0.40, Inline, Sales $82.40M Miss $82.46M Estimate
Portfolio Pulse from Benzinga Newsdesk
RE/MAX Holdings (NYSE:RMAX) reported Q2 earnings of $0.40 per share, meeting analyst consensus but marking a 41.18% decrease YoY. Quarterly sales were $82.40M, missing the analyst consensus of $82.46M by 0.07% and showing a 10.60% decrease YoY.
August 04, 2023 | 12:24 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
RE/MAX Holdings reported Q2 earnings in line with estimates but showed a significant YoY decrease. Sales also decreased YoY and missed estimates.
RE/MAX's Q2 earnings met analyst expectations, but the significant YoY decrease in both earnings and sales, as well as the missed sales estimate, could negatively impact investor sentiment and the stock's short-term performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100