RE/MAX Hldgs Q2 2024 Adj. EPS $0.41 Beats $0.35 Estimate, Sales $78.453M Beat $77.794M Estimate
Portfolio Pulse from Benzinga Newsdesk
RE/MAX Holdings (NYSE:RMAX) reported Q2 2024 adjusted EPS of $0.41, beating the $0.35 estimate, and sales of $78.453M, surpassing the $77.794M estimate. EPS increased by 2.5% YoY, while sales decreased by 4.84% YoY.
August 08, 2024 | 8:57 pm
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RE/MAX Holdings reported Q2 2024 adjusted EPS of $0.41, beating the $0.35 estimate by 17.14%. Sales were $78.453M, surpassing the $77.794M estimate. EPS increased by 2.5% YoY, while sales decreased by 4.84% YoY.
The positive earnings surprise and slight sales beat are likely to have a positive short-term impact on RMAX's stock price. However, the YoY sales decline may temper some of the enthusiasm.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100