RE/MAX Hldgs Q2 EPS $0.40, Inline, Sales $82.45M Miss $82.46M Estimate
Portfolio Pulse from mahesh@benzinga.com
RE/MAX Holdings (NYSE:RMAX) reported Q2 earnings of $0.40 per share, in line with analyst consensus. This is a 41.18% decrease from the same period last year. The company's quarterly sales were $82.45 million, missing the analyst consensus estimate of $82.46 million by 0.02%, a 10.55% decrease from last year.
August 04, 2023 | 12:26 pm
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RE/MAX Holdings reported Q2 earnings in line with estimates but saw a significant YoY decrease in earnings and sales.
RE/MAX's earnings met analyst expectations, but the significant year-over-year decrease in both earnings and sales could negatively impact investor sentiment and the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100