RE/MAX HoldingsNYSE: RMAX

RE/MAX Holdings, Inc. (RMAX) Q1 2024 Earnings Conference Call on May 3, 2024 at 8:30 AM ET featuring company representatives Andy Schulz, Erik Carlson, Karri Callahan, and Amy Lessinger. Conference call participants include Soham Bhonsle, Ryan McKeveny, Ronald Kamdem, Tommy McJoynt, and John Campbell. Operator Brianna welcomes everyone to the call.

The headline figures for RE/MAX (RMAX) provide a glimpse into the company's performance in the quarter ending March 2024, but it could be beneficial to compare certain key metrics with Wall Street forecasts and last year's results.

RE/MAX reported quarterly earnings of $0.20 per share, exceeding the Zacks Consensus Estimate of $0.17 per share. This is lower than the earnings of $0.26 per share from the previous year.

RE/MAX Holdings, Inc. will announce financial results for the quarter ending March 31, 2024, after the market closes on May 2, 2024. A conference call and webcast will be held on May 3, 2024, at 8:30 a.m. Eastern Time for interested parties.

RE/MAX Holdings, Inc. is a well-known franchisor of real estate brokerage services, currently trading near 52-week lows. The frozen real estate market is expected to thaw out as the Federal Reserve is done raising rates, and mortgage rates are likely to start dropping. RE/MAX has the potential for a major resurgence, with real estate activity likely to dramatically pick up, causing a return to normalized earnings power.

RE/MAX Holdings is undervalued due to disappointing fundamentals in a slow housing market, but still has strong brand recognition and a franchise business model. The company earns revenue through real estate brokerage franchising, mortgage brokerage franchising, and marketing campaigns. RE/MAX has strong competitive advantages, including a powerful brand, high-performing agents, and high switching costs for franchisees.

RE/MAX Holdings, Inc. (RMAX) Q4 2023 Earnings Call Transcript

The headline numbers for RE/MAX (RMAX) give insight into how the company performed in the quarter ended December 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

RE/MAX (RMAX) came out with quarterly earnings of $0.30 per share, beating the Zacks Consensus Estimate of $0.28 per share. This compares to earnings of $0.41 per share a year ago.