While the proven Zacks Rank places an emphasis on earnings estimates and estimate revisions to find strong stocks, we also know that investors tend to develop their own individual strategies. With this in mind, we are always looking at value, growth, and momentum trends to discover great companies. Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the broader market. Value investors use fu ...

Core Viewpoint - Momentum investing focuses on "buying high and selling higher," contrasting with traditional strategies of "buying low and selling high" [1] Group 1: Momentum Investing Characteristics - Momentum investing can be risky as stocks may lose momentum when their valuations exceed future growth potential, leading to potential losses for investors [2] - A safer approach may involve investing in bargain stocks that have recently shown price momentum, utilizing tools like the Zacks Momentum Style Score to identify such opportunities [3] Group 2: RE/MAX (RMAX) Stock Analysis - RE/MAX (RMAX) has shown a price increase of 17.5% over the past four weeks, indicating growing investor interest [4] - Over the past 12 weeks, RMAX has gained 43.4%, demonstrating its ability to deliver positive returns over a longer timeframe [5] - RMAX has a beta of 1.37, suggesting it moves 37% more than the market in either direction, indicating fast-paced momentum [5] - The stock has a Momentum Score of A, suggesting it is an opportune time to invest [6] - RMAX has a Zacks Rank 2 (Buy) due to favorable earnings estimate revisions, which typically attract more investor interest [7] - The stock is trading at a Price-to-Sales ratio of 0.68, indicating it is reasonably valued at 68 cents for each dollar of sales, providing room for growth [7] Group 3: Additional Investment Opportunities - Besides RMAX, there are other stocks that meet the criteria of the 'Fast-Paced Momentum at a Bargain' screen, suggesting further investment opportunities [8] - Investors can explore over 45 Zacks Premium Screens tailored to different investing styles to identify potential winning stocks [9]

RE/MAX (RMAX) reported $78.45 million in revenue for the quarter ended June 2024, representing a yearover-year decline of 4.9%. EPS of $0.41 for the same period compares to $0.40 a year ago. The reported revenue compares to the Zacks Consensus Estimate of $78.16 million, representing a surprise of +0.37%. The company delivered an EPS surprise of +17.14%, with the consensus EPS estimate being $0.35. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how th ...

Group 1 - RE/MAX reported quarterly earnings of $0.41 per share, exceeding the Zacks Consensus Estimate of $0.35 per share, and showing a slight increase from $0.40 per share a year ago, resulting in an earnings surprise of 17.14% [1] - The company posted revenues of $78.45 million for the quarter ended June 2024, surpassing the Zacks Consensus Estimate by 0.37%, although this represents a decline from year-ago revenues of $82.45 million [2] - Over the last four quarters, RE/MAX has surpassed consensus EPS estimates four times and topped consensus revenue estimates two times [2] Group 2 - The stock has underperformed, losing about 37.1% since the beginning of the year, while the S&P 500 has gained 9% [3] - The current consensus EPS estimate for the coming quarter is $0.35 on revenues of $78.36 million, and for the current fiscal year, it is $1.25 on revenues of $310.96 million [7] - The Zacks Industry Rank indicates that the Real Estate - Operations sector is currently in the bottom 31% of over 250 Zacks industries, suggesting potential challenges for stock performance [8]

Group 1: Homeownership Aspirations - The dream of homeownership remains a significant goal for Gen Z and Millennials in the U.S., with 63% indicating they are eager and ready to become homeowners despite market conditions [4][5][6] - Nearly two-thirds (65%) of Gen Z first-time homebuyers express eagerness for homeownership, while 61% of Millennials share similar sentiments [7] Group 2: Concerns and Considerations - Key concerns for Gen Z include affording upfront costs (40%) and property taxes (48%), while Millennials are more concerned about qualifying for a mortgage (42%) and maintenance costs (54%) [7] - Over half (56%) of Gen Z and Millennials are willing to compromise on factors like price, location, and size to achieve homeownership [7] Group 3: Importance of Professional Guidance - A significant majority (90%) of respondents are likely to work with a real estate agent when buying or selling a home, with 63% considering using an agent or mortgage lender to learn about the homebuying process [11][13] - The most valuable aspect for respondents is having an agent guide them through the entire process [11] Group 4: Financial Readiness and Knowledge - More than half (57%) of Millennials feel confident in their financial readiness to purchase a home, compared to 47% of Gen Z [10] - A higher percentage of Millennials (42%) have started saving for a down payment compared to 35% of Gen Z [10]

Inventory Continues to Increase Amid Modest Median Price Growth and Home Sales Decline "It's good to see inventory levels rising, as more listings represent more options for buyers," said Amy Lessinger, President of RE/MAX, LLC. "Given the decline in sales, it's evident that buyers are sensitive to interest rates, highlighting the need for lower rates to stimulate significant growth in market activity." New Listings Closed Transactions | --- | --- | |-----------------|-----------------------| | | | | | | | ...

DENVER, July 11, 2024 /PRNewswire/ -- RE/MAX Holdings, Inc. (NYSE:RMAX), parent company of RE/MAX, one of the world's leading franchisors of real estate brokerage services, and Motto Mortgage, the first and only national mortgage brokerage franchise brand in the U.S., will release financial results for the quarter ended June 30, 2024, after market close on Thursday, August 8, 2024, and will host a conference call and webcast for interested parties on Friday, August 9, 2024, at 8:30 a.m. Eastern Time. Please ...

Core Insights - BOSSCAT Home Services and Technologies is revolutionizing homeownership by digitizing home inspection data for instant estimates and online ordering of repair, renovation, and maintenance services [1] - The company has been recognized as one of the fastest growing privately held repair and renovation companies in the U.S. for two consecutive years [1] Group 1: Company Overview - BOSSCAT operates in Charleston, South Carolina; Irvine, California; and Honolulu, Hawaii [1] - The platform has over 100,000 users and partnerships with leading inspection companies, brokerages, mortgage lenders, and government-sponsored enterprises [6] Group 2: Collaboration with RE/MAX - BOSSCAT announced a collaboration with RE/MAX to provide online instant estimates and marketplace ordering technology to 75,000 agents across the U.S. and Canada [2] - The collaboration aims to offer RE/MAX agents more choices for accurate and timely repair pricing and pre-list renovation services [3][7] Group 3: Technology and Services - Customers can upload inspection reports to generate detailed repair pricing, which can be shared for transaction negotiations or approved for turnkey repair services [4] - The proprietary HOMEBASE platform stores condition and repair data, creating a personalized lifecycle dashboard for preventative repairs and maintenance schedules [4] Group 4: Market Impact - BOSSCAT's Instant Estimate pricing technology has transformed how home buyers and sellers access condition data for repairs, enhancing return on investment and negotiation terms [6]

DENVER, June 13, 2024 /PRNewswire/ -- In May, both inventory and new listings grew to levels not seen since the second half of 2022. The number of homes for sale, as surveyed across 53 metro areas, also increased, rising 8.7% over April and 39.6% year over year. And for the third consecutive month, the number of new listings exceeded 2023 levels by double-digit percentages – 15.1% in May, 18.2% in April, and 17.6% in March. The Median Sale Price increased 2.4% over April to $435,000. That was 4.8% higher th ...

Core Insights - RE/MAX has nearly 2,500 agents and team leaders recognized in the 2024 RealTrends Verified Top Agents and Teams rankings for exceptional production in 2023, representing almost one in eight of the 22,000 participating U.S. agents and team leaders [1][2] - The company emphasizes high standards and values among its agents, contributing to their success and commitment to providing unparalleled service [3][4] - RE/MAX teams outperformed other teams in the rankings, averaging 18.1 sides per agent compared to 11.3 for all other teams, with the highest sides-per-agent average in three of the four team categories [3][4] RE/MAX Performance - 138 RE/MAX professionals were also included in the elite "The Thousand" rankings, with 118 qualifying by transaction sides, highlighting the top-producer culture within the network [2][7] - Among the top 507 individuals and teams closing the most residential transaction sides, nearly 25% were affiliated with RE/MAX [7] Industry Position - RE/MAX is recognized as the leading global real estate franchisor with over 140,000 agents in nearly 9,000 offices across more than 110 countries and territories [5][6] - The company offers industry-leading educational programs and advanced technology platforms to equip agents for success in a changing market [4][5]