* Re/Max Holdings Inc reported quarterly adjusted earnings of 20 cents per share for the quarter ended in March, lower than the same quarter last year, when the company reported EPS of 26 cents. The mean expectation of seven analysts for the quarter was for earnings of 19 cents per share. Wall Street expected results to range from 16 cents to 24 cents per share.
* Revenue fell 8.3% to $78.29 million from a year ago; analysts expected $77.26 million.
* Re/Max Holdings Inc's reported EPS for the quarter was a loss of 18 cents.
* The company reported a quarterly loss of $3.35 million.
* Re/Max Holdings Inc shares had fallen by 18.4% this quarter and lost 46.3% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had fallen by about 32.2% in the last three months.
* In the last 30 days, three analysts negatively revised earnings estimates
RECOMMENDATIONS
* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy," 5 "hold" and 2 "sell" or "strong sell."
* The average consensus recommendation for the real estate services peer group is also "hold"
Wall Street's median 12-month price target for Re/Max Holdings Inc is $9.00 This summary was machine generated from LSEG data May 3 at 11:02 p.m. UTC. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING ESTIMATE ACTUAL BEAT, MET,
MISSED
Mar. 31 2024 0.19 0.20 Beat
Dec. 31 2023 0.29 0.30 Beat
Sep. 30 2023 0.36 0.40 Beat
Jun. 30 2023 0.40 0.40 Met
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