RE/MAX Hldgs Q3 Adj EPS $0.40 Beats $0.36 Estimate, Sales $81.22M Beat $78.07M Estimate
Portfolio Pulse from bharat@benzinga.com
RE/MAX Holdings (NYSE:RMAX) reported Q3 earnings of $0.40 per share, beating the analyst consensus estimate of $0.36 by 11.11%. However, this is a 28.57% decrease from the same period last year. The company also reported quarterly sales of $81.22 million, beating the analyst consensus estimate of $78.07 million by 4.04%, but this is an 8.68% decrease from the same period last year.
November 02, 2023 | 9:40 pm
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NEUTRAL IMPACT
RE/MAX Holdings beat Q3 earnings and sales estimates but reported decreases from the same period last year.
While RE/MAX beat the Q3 earnings and sales estimates, the year-on-year decreases in both earnings and sales could potentially offset the positive impact of beating the estimates. This could result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100