RE/MAX (RMAX) reported $72.47 million in revenue for the quarter ended December 2024, representing a year-over-year decline of 5.4%. EPS of $0.30 for the same period compares to $0.30 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $75.6 million, representing a surprise of -4.14%. The company delivered an EPS surprise of +3.45%, with the consensus EPS estimate being $0.29.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how RE/MAX performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Agent Count - Outside U.S. and Canada Total: 70,170 versus 69,085 estimated by two analysts on average.
- Agent Count - Total: 146,627 compared to the 146,114 average estimate based on two analysts.
- Agent Count - U.S. Total: 51,286 versus the two-analyst average estimate of 51,643.
- Agent Count - Canada - Independent Regions: 4,860 versus the two-analyst average estimate of 5,010.
- Agent Count - U.S. - Company-Owned Regions: 44,911 versus 45,373 estimated by two analysts on average.
- Agent Count - U.S. - Independent Regions: 6,375 compared to the 6,270 average estimate based on two analysts.
- Agent Count - Canada - Company-Owned Regions: 20,311 versus the two-analyst average estimate of 20,376.
- Revenue- Marketing Funds fees: $18.65 million versus $19.53 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -9.4% change.
- Revenue- Continuing franchise fees: $29.79 million compared to the $30.66 million average estimate based on three analysts. The reported number represents a change of -5.1% year over year.
- Revenue- Franchise sales and other revenue: $4.53 million versus the three-analyst average estimate of $5.03 million. The reported number represents a year-over-year change of -6.7%.
- Revenue- Broker fees: $11.66 million versus $11.78 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +1% change.
- Revenue- Annual dues: $7.84 million versus the three-analyst average estimate of $8.30 million. The reported number represents a year-over-year change of -4.9%.
Shares of RE/MAX have returned +2% over the past month versus the Zacks S&P 500 composite's +2.6% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
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