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Re/Max Holdings (RMAX)
NYSE:RMAX
Earnings Data
Report Date
May 01, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.18Last Year’s EPS
0.2Same Quarter Last Year
Moderate Sell
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 20, 2025
|% Change Since: -12.51%
|Next Earnings Date:May 01, 2025
Earnings Call Sentiment|Positive
The earnings call reflected a positive sentiment overall, driven by international agent growth, improved profit performance, and successful new revenue initiatives. However, challenges remain with the decline in US agent count and negative organic growth. The company's strategic focus on operational efficiency and new leadership additions are expected to address these issues moving forward.Company Guidance
During the RE/MAX Holdings Fourth Quarter 2024 Earnings Call, the company highlighted several key metrics and strategic initiatives. The international agent count increased by nearly 9% year-over-year, surpassing 70,000 agents outside the US and Canada for the first time. In Canada, the agent count was over 25,000 at year-end. The company reported total revenue of $72.5 million, with adjusted EBITDA at $23.3 million, reflecting a 2% increase over the previous year. The adjusted EBITDA margin improved by 220 basis points to 32.2%, and adjusted diluted EPS was $0.30. The focus on operational efficiency and strong collections contributed to these financial results. The company also announced a settlement agreement for two industry class action lawsuits in Canada for approximately $5.5 million. For 2025, RE/MAX expects agent count growth of 1% to 2% in Q1 and a revenue range of $71 million to $76 million, with full-year revenue anticipated between $290 million and $310 million. The company aims to enhance its value proposition and explore new revenue opportunities through initiatives like Lead Concierge and the RE/MAX Media Network.International Agent Count Growth
International agent count increased by almost 9% over last year's Q4, with over 70,000 agents outside the US and Canada for the first time.
Improved Profit Performance
The company delivered strong margin and profit performance, continuing a trend started in the second quarter, with an adjusted EBITDA of $23.3 million, up almost 2% over Q4 of last year.
Operational Efficiency
Operational efficiency efforts contributed to improved margins and bottom-line results, with selling, operating, and administrative expenses decreasing $3.4 million, or 8.6%, to $35.8 million.
New Revenue Initiatives
Launch of Lead Concierge and RE/MAX Media Network, which are expected to contribute to top-line revenue growth with potential seven-digit annual revenue.
Strong Canadian Market Leadership
The RE/MAX brand continues to hold a leading position in Canada, with over 25,000 agents and a 28% market share.
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RMAX Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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RMAX Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 20, 2025 | $10.15 | $9.11 | -10.25% |
| Oct 31, 2024 | $12.24 | $11.35 | -7.27% |
| Aug 08, 2024 | $8.66 | $9.48 | +9.47% |
| May 02, 2024 | $7.16 | $7.71 | +7.68% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Re/Max Holdings (RMAX) report earnings?
Re/Max Holdings (RMAX) is schdueled to report earning on May 01, 2025, TBA Not Confirmed.
What is Re/Max Holdings (RMAX) earnings time?
Re/Max Holdings (RMAX) earnings time is at May 01, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is RMAX EPS forecast?
RMAX EPS forecast for the fiscal quarter 2025 (Q1) is 0.18.
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