RE/MAX Hldgs Q3 2024 Adj. EPS $0.38 Beats $0.36 Estimate, Sales $78.478M Beat $78.185M Estimate
Portfolio Pulse from Benzinga Newsdesk
RE/MAX Holdings reported Q3 2024 earnings per share of $0.38, surpassing the analyst estimate of $0.36, despite a year-over-year decrease. Sales also exceeded expectations at $78.478 million, though they were down from the previous year.
October 31, 2024 | 8:54 pm
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RE/MAX Holdings reported better-than-expected Q3 2024 earnings and sales, with EPS at $0.38 beating the $0.36 estimate. However, both earnings and sales showed a decline compared to the previous year.
The positive earnings surprise, with EPS and sales both beating estimates, is likely to have a short-term positive impact on RMAX's stock price. However, the year-over-year decline in both metrics may temper investor enthusiasm.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100