RE/MAX (RMAX) Q2 Earnings and Revenues Surpass Estimates

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]