RE/MAX Hldgs Q1 2024 Adj EPS $0.20 Beats $0.19 Estimate, Sales $78.287M Beat $77.265M Estimate
Portfolio Pulse from Benzinga Newsdesk
RE/MAX Holdings (RMAX) reported Q1 2024 adjusted EPS of $0.20, surpassing the $0.19 estimate, with sales of $78.287M also beating the $77.265M forecast. However, this represents a 23.08% decrease in earnings and an 8.33% decrease in sales from the same period last year.
May 02, 2024 | 9:55 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
RE/MAX Holdings reported a Q1 2024 EPS of $0.20, beating estimates, with sales of $78.287M also exceeding expectations. However, both earnings and sales have decreased compared to the previous year.
While RE/MAX Holdings exceeded analyst expectations for both earnings per share and sales, the year-over-year decline in both metrics could temper investor enthusiasm. The positive earnings surprise may provide short-term stock support, but the declines highlight potential challenges in growth, influencing investor sentiment.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100