Recap: RE/MAX Hldgs Q4 Earnings
Portfolio Pulse from Benzinga Insights
RE/MAX Holdings (NYSE:RMAX) reported Q4 earnings with an EPS of $0.3, beating estimates by 3.45% but with a revenue decrease of $4.67 million year-over-year. The company has a history of surpassing EPS estimates, which previously led to a share price increase.
February 22, 2024 | 9:55 pm
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RE/MAX Holdings reported a Q4 EPS of $0.3, exceeding estimates by 3.45%, but saw a decrease in revenue compared to last year.
RE/MAX Holdings' ability to beat EPS estimates could positively influence investor sentiment, as past performance shows a correlation between beating EPS estimates and share price increases. However, the decrease in revenue year-over-year might temper some of the positive momentum, making the overall short-term impact likely positive but with caution due to revenue concerns.
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