Re/Max Holdings Inc reports results for the quarter ended March 31 - Earnings Summary

• Re/Max Holdings Inc RMAX.N reported quarterly adjusted earnings of 24 cents​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of 20 cents. The mean expectation of five analysts for the quarter was for earnings of 18 cents per share. Wall Street expected results to range from 17 cents to 19 cents per share.

• Revenue fell 4.9% to $74.47 million from a year ago; analysts expected $73.11 million.

• Re/Max Holdings Inc's reported EPS for the quarter was a loss of 10 cents​.

• The company reported a quarterly loss of $1.96 million.

• Re/Max Holdings Inc shares had fallen by 8.6% this quarter and lost 28.3% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 12.3% in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy," 4 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the real estate services peer group is also "hold"

• Wall Street's median 12-month price target for Re/Max Holdings Inc is $9.75

This summary was machine generated from LSEG data May 2 at 04:01 a.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)