RE/MAX Holdings Sees Q2 Revenue $75M-$80M Vs $78.76M Est.; FY24 Revenue $300M-$320M Vs $310.41M Est.
Portfolio Pulse from Benzinga Newsdesk
RE/MAX Holdings projects Q2 revenue to be between $75M-$80M, below the $78.76M estimate, and FY24 revenue to be between $300M-$320M, aligning with the $310.41M estimate. The outlook assumes stable currency rates, no acquisitions, or divestitures, with a slight negative to positive change in agent count.
May 02, 2024 | 10:16 pm
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RE/MAX Holdings anticipates Q2 revenue below estimates but FY24 revenue in line with expectations, amidst stable currency and no major corporate changes.
The projected Q2 revenue being slightly below estimates might cause short-term investor concern, potentially impacting the stock price negatively. However, the FY24 revenue projection aligns with estimates, indicating a stable long-term outlook. The expected slight negative to positive change in agent count suggests operational stability. Overall, the impact is neutral as the negative short-term revenue projection is balanced by a positive long-term outlook.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100