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RE/MAX (RMAX) Reports Q2 Earnings: What Key Metrics Have to Say

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RE/MAX (RMAX - Free Report) reported $78.45 million in revenue for the quarter ended June 2024, representing a year-over-year decline of 4.9%. EPS of $0.41 for the same period compares to $0.40 a year ago.

The reported revenue compares to the Zacks Consensus Estimate of $78.16 million, representing a surprise of +0.37%. The company delivered an EPS surprise of +17.14%, with the consensus EPS estimate being $0.35.

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 RE/MAX performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

  • Agent Count - Outside U.S. and Canada Total

    : 64,943 compared to the 65,116 average estimate based on two analysts.
  • Agent Count - Total

    : 143,542 versus 143,404 estimated by two analysts on average.
  • Agent Count - U.S. Total

    : 53,406 versus the two-analyst average estimate of 53,245.
  • Agent Count - Canada - Independent Rregions

    : 4,846 compared to the 4,938 average estimate based on two analysts.
  • Agent Count - U.S. - Company-Owned Regions

    : 46,780 versus 46,794 estimated by two analysts on average.
  • Agent Count - U.S. - Independent Rregions

    : 6,626 compared to the 6,451 average estimate based on two analysts.
  • Agent Count - Canada - Company-Owned Regions

    : 20,347 versus the two-analyst average estimate of 20,106.
  • Revenue- Marketing Funds fees

    : $20.03 million versus $19.83 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -5% change.
  • Revenue- Continuing franchise fees

    : $30.34 million versus the three-analyst average estimate of $30.84 million. The reported number represents a year-over-year change of -5.5%.
  • Revenue- Franchise sales and other revenue

    : $5.41 million compared to the $5.58 million average estimate based on three analysts. The reported number represents a change of -15% year over year.
  • Revenue- Broker fees

    : $14.53 million versus the three-analyst average estimate of $13.65 million. The reported number represents a year-over-year change of +1.5%.
  • Revenue- Annual dues

    : $8.15 million versus $8.29 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -5.1% change.
View all Key Company Metrics for RE/MAX here>>>

Shares of RE/MAX have returned +1.5% over the past month versus the Zacks S&P 500 composite's -6.5% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

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