Re/Max Holdings Inc is a global real estate brokerage franchise that specializes in residential property sales
The company operates a network of independent franchisee-owned offices that provide comprehensive services to buyers and sellers in the real estate market. Re/Max is known for its innovative marketing strategies and technology-driven tools, which empower real estate agents to enhance their productivity and deliver exceptional customer service. With a presence in numerous countries, Re/Max strives to connect clients with experienced agents who possess in-depth local market knowledge, facilitating seamless transactions in the competitive real estate landscape.
RE/MAX has followed the market’s trajectory closely, rising in tandem with the S&P 500 over the past six months. The stock has climbed by 6.8% to $10.16 per share while the index has gained 9.4%.
Quarterly earnings results are a good time to check in on a company’s progress, especially compared to its peers in the same sector. Today we are looking at RE/MAX (NYSERMAX) and the best and worst performers in the real estate services industry.
As the Q3 earnings season comes to a close, it’s time to take stock of this quarter’s best and worst performers in the real estate services industry, including Cushman & Wakefield (NYSECWK) and its peers.
The end of the earnings season is always a good time to take a step back and see who shined (and who not so much). Let’s take a look at how real estate services stocks fared in Q3, starting with Redfin (NASDAQRDFN).
Shares of real estate franchise company RE/MAX (NYSERMAX)
fell 15.5% in the afternoon session after the company reported weak third-quarter earnings. Sales declined during the quarter due to a decrease in agent count and a reduction in revenue from previous acquisitions. In addition, revenue forecast for the next quarter was underwhelming, coming in below Wall Street's estimates. Overall, this was a weaker quarter for the company.
Real estate franchise company RE/MAX (NYSERMAX) met Wall Street’s revenue expectations in Q3 CY2024, but sales fell 3.4% year on year to $78.48 million. On the other hand, next quarter’s revenue guidance of $73.5 million was less impressive, coming in 3.5% below analysts’ estimates. Its non-GAAP profit of $0.38 per share was 6.9% above analysts’ consensus estimates.
RE/MAX released its National Housing Report for September 2024 which showed home sales slowed 13.3% from August and the median sales price dropped 1.4% to $429,000. Here's what to know.
Real estate brokers and online real estate marketplace stocks are surging in anticipation of the U.S. Federal Reserve interest rate cut cycle commencing
Residential real estate brokerage Redfin Co. (NASDAQRDFN) has been a disrupter in the finance sector, specifically in the residential real estate industry.
As U.S. home listings have been on the rise for the past 4 consecutive months, three stocks lined up to see their prices and fundamentals take on a rally
Inflation unexpectedly surges, shattering hopes for Fed rate cuts & sending stocks down. Core inflation also exceeded expectations. No sector escapes losses, with real estate hit hardest.
Bears have ditched their short positions on this ETF, admitting that they too see a bull case for the economy, and these are the stocks to get paid first
