Core Insights - RE/MAX reported revenue of $78.48 million for Q3 2024, a year-over-year decline of 3.4%, with EPS of $0.38 compared to $0.40 a year ago [1] - The revenue fell short of the Zacks Consensus Estimate of $78.64 million, resulting in a surprise of -0.20%, while the EPS exceeded the consensus estimate of $0.36 by 5.56% [1] Revenue Breakdown - Marketing Funds fees revenue was $20.10 million, exceeding the average estimate of $19.83 million, but reflecting a year-over-year decline of 3.6% [3] - Continuing franchise fees revenue was $30.80 million, slightly below the average estimate of $31.03 million, with a year-over-year decline of 3.3% [3] - Franchise sales and other revenue was reported at $4.70 million, significantly lower than the estimated $5.39 million, marking a year-over-year decline of 19.4% [3] - Broker fees revenue reached $14.92 million, surpassing the average estimate of $14.09 million, with a year-over-year increase of 4.6% [3] - Annual dues revenue was $7.97 million, below the average estimate of $8.29 million, reflecting a year-over-year decline of 5.8% [3] Stock Performance - Over the past month, RE/MAX shares have returned -1.1%, contrasting with the Zacks S&P 500 composite's +1% change [4] - The stock currently holds a Zacks Rank 1 (Strong Buy), suggesting potential outperformance against the broader market in the near term [4]
RE/MAX (RMAX) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates