RMRNASDAQ: RMR

The RMR Group Inc. (NASDAQ:RMR ) Q3 2024 Earnings Conference Call August 2, 2024 10:00 AM ET Company Participants Kevin Barry - Senior Director, IR Adam Portnoy - President and CEO Matt Jordan - CFO Conference Call Participants Bryan Maher - B. Riley Securities Ronald Kamdem - Morgan Stanley Operator Good morning.

While the top- and bottom-line numbers for RMR Group (RMR) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

RMR Group (RMR) came out with quarterly earnings of $0.37 per share, missing the Zacks Consensus Estimate of $0.39 per share. This compares to earnings of $0.48 per share a year ago.

RMR Group remains a "Strong Buy" in my value portfolio due to profitability and the integration of the CARROLL acquisition. Future catalysts include potential for an improving real estate market and increasing dividends. Valuation metrics suggest significant upside potential if stock trades at sector median multiples, with potential for improved sentiment and quant ratings.

RMR Group is a property management company that generates revenue from managing properties for REITs and private real estate firms. The company earns fees through various methods, including base business management fees and incentive business management fees. RMR recently completed the acquisition of CARROLL, a property management firm specializing in multifamily residential properties, which is expected to boost its assets under management and diversify its revenue sources.

The RMR Group Inc. (RMR) Q1 2024 Earnings Call Transcript

The headline numbers for RMR Group (RMR) 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.

RMR Group (RMR) came out with quarterly earnings of $0.49 per share, beating the Zacks Consensus Estimate of $0.45 per share. This compares to earnings of $0.51 per share a year ago.

RMR Group (RMR) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.