Core Viewpoint - RE/MAX reported quarterly earnings of $0.38 per share, exceeding the Zacks Consensus Estimate of $0.36 per share, but down from $0.40 per share a year ago, indicating a 5.56% earnings surprise [1][2] Group 1: Earnings Performance - The company has surpassed consensus EPS estimates in all four of the last quarters [2] - RE/MAX's revenues for the quarter ended September 2024 were $78.48 million, missing the Zacks Consensus Estimate by 0.20%, and down from $81.22 million year-over-year [2] - The company has topped consensus revenue estimates two times over the last four quarters [2] Group 2: Stock Performance and Outlook - RE/MAX shares have declined approximately 7.7% since the beginning of the year, contrasting with the S&P 500's gain of 21.9% [3] - The company's earnings outlook is crucial for investors, as it includes current consensus earnings expectations for upcoming quarters [4] - The current consensus EPS estimate for the next quarter is $0.29 on revenues of $76.17 million, and $1.28 on revenues of $311.4 million for the current fiscal year [7] Group 3: Industry Context - The Real Estate - Operations industry, to which RE/MAX belongs, is currently ranked in the top 22% of over 250 Zacks industries, indicating a favorable industry outlook [8] - Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5][6]
RE/MAX (RMAX) Q3 Earnings Surpass Estimates