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RMR Group (RMR) Reports Q3 Earnings: What Key Metrics Have to Say
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For the quarter ended June 2024, RMR Group (RMR - Free Report) reported revenue of $205.48 million, down 26.7% over the same period last year. EPS came in at $0.37, compared to $0.48 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $227.68 million, representing a surprise of -9.75%. The company delivered an EPS surprise of -5.13%, with the consensus EPS estimate being $0.39.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how RMR Group performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Revenues- Total management, incentive and advisory services revenues- Advisory services
: $1.13 million versus $1.18 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -1.2% change.
Revenues- Total reimbursable costs- Other reimbursable expenses
: $132.34 million versus the three-analyst average estimate of $156.63 million. The reported number represents a year-over-year change of -22.6%.
Revenues- Total management, incentive and advisory services revenues
: $49.27 million versus $49.66 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -46.7% change.
Revenues- Total management, incentive and advisory services revenues- Management services
: $47.77 million versus $48.47 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +4.1% change.
Shares of RMR Group have returned +14.3% over the past month versus the Zacks S&P 500 composite's +1.1% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
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RMR Group (RMR) Reports Q3 Earnings: What Key Metrics Have to Say
For the quarter ended June 2024, RMR Group (RMR - Free Report) reported revenue of $205.48 million, down 26.7% over the same period last year. EPS came in at $0.37, compared to $0.48 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $227.68 million, representing a surprise of -9.75%. The company delivered an EPS surprise of -5.13%, with the consensus EPS estimate being $0.39.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how RMR Group performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
View all Key Company Metrics for RMR Group here>>>Revenues- Total management, incentive and advisory services revenues- Advisory services
: $1.13 million versus $1.18 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -1.2% change.Revenues- Total reimbursable costs- Other reimbursable expenses
: $132.34 million versus the three-analyst average estimate of $156.63 million. The reported number represents a year-over-year change of -22.6%.Revenues- Total management, incentive and advisory services revenues
: $49.27 million versus $49.66 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -46.7% change.Revenues- Total management, incentive and advisory services revenues- Management services
: $47.77 million versus $48.47 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +4.1% change.Shares of RMR Group have returned +14.3% over the past month versus the Zacks S&P 500 composite's +1.1% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.