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Re/Max Holdings Inc (RMAX)
:RMAX
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Earnings Data
Report Date
Feb 20, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.29Last Year’s EPS
0.3Same Quarter Last Year
Moderate Sell
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 01, 2018
|% Change Since: -18.38%
|Next Earnings Date:Aug 02, 2018
Earnings Call Sentiment|Neutral
The earnings call reflects a mix of positive and negative aspects. While there is strong international growth and improved margins, challenges such as decreased U.S. revenue, lower U.S. agent count, and difficulties in the mortgage segment are notable. The company is optimistic about future growth and operational efficiency improvements.Company Guidance
In the RE/MAX Holdings Q3 2024 earnings call, the company reported a total revenue of $78.5 million and an adjusted EBITDA of $27.3 million, marking a 2% increase over the previous year. The adjusted EBITDA margin improved by 190 basis points to 34.8%, and the adjusted diluted EPS was reported at $0.38. Despite a 3.3% decline in revenue excluding marketing funds, attributed to a lower U.S. agent count and reduced revenues from acquisitions, there was an uptick in broker fee revenue due to higher sales prices and slightly increased U.S. productivity. Cost reductions were noted across various areas, leading to a decrease in selling, operating, and administrative expenses by 16.6% to $35.9 million. The company also highlighted strong cash flow generation and a reduction in the Total Leverage Ratio to below 4.5:1. Looking ahead, RE/MAX adjusted its full-year revenue guidance to account for hurricane-related financial support, projecting a slight decline in expected agent count growth, and anticipates revenue between $306 million to $311 million for the full year.Better-than-Forecasted Financial Performance
RE/MAX Holdings generated better-than-forecasted financial performance for the second quarter in a row, with strong margins over the past two quarters.
International Agent Count Increase
International agent count increased nearly 6% over last year's Q3, with a record total of over 67,000 agents outside the U.S. and Canada.
Strong Cash Flow and Cost Management
The company highlighted strong cash flow generation driven by ongoing cost management efforts and strong RE/MAX collections.
Growth in Adjusted EBITDA
Adjusted EBITDA was $27.3 million, up 2% over Q3 of last year, with an adjusted EBITDA margin of 34.8%, an increase of 190 basis points over the third quarter of 2023.
Canadian Agent Count Record
In Canada, the agent count totaled almost 25,400 as of September 30, also a record, showing continued strength in a competitive market.
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RMAX Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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RMAX Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 31, 2024 | $12.24 | $11.35 | -7.27% |
| Aug 08, 2024 | $8.66 | $9.48 | +9.47% |
| May 02, 2024 | $7.16 | $7.71 | +7.68% |
| Feb 22, 2024 | $8.94 | $8.73 | -2.35% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Re/Max Holdings Inc (RMAX) report earnings?
Re/Max Holdings Inc (RMAX) is schdueled to report earning on Feb 20, 2025, TBA Not Confirmed.
What is Re/Max Holdings Inc (RMAX) earnings time?
Re/Max Holdings Inc (RMAX) earnings time is at Feb 20, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is RMAX EPS forecast?
RMAX EPS forecast for the fiscal quarter 2024 (Q4) is 0.29.
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