The performance of consumer discretionary businesses is closely linked to economic cycles. Over the past six months, it seems like demand trends are working against their favor as the industry
has tumbled by 5.2%. This drawdown was disheartening since the S&P 500 stood firm.
Real estate franchise company RE/MAX (NYSE:RMAX) reported Q1 CY2025 results beating Wall Street’s revenue expectations, but sales fell by 4.9% year on year to $74.47 million. Revenue guidance for the full year exceeded analysts’ estimates, but next quarter’s guidance of $72.5 million was less impressive, coming in 4.2% below expectations. Its non-GAAP profit of $0.24 per share was 35.2% above analysts’ consensus estimates.
The past six months haven’t been great for RE/MAX. It just made a new 52-week low of $6.99, and shareholders have lost 42.9% of their capital. This was partly due to its softer quarterly results and might have investors contemplating their next move.
Looking back on real estate services stocks’ Q4 earnings, we examine this quarter’s best and worst performers, including Offerpad (NYSE:OPAD) and its peers.
Earnings results often indicate what direction a company will take in the months ahead. With Q4 behind us, let’s have a look at Cushman & Wakefield (NYSE:CWK) and its peers.
A number of stocks fell in the pre-market session after President Trump announced "reciprocal tariffs" on all US imports, set at a minimum rate of 10%.
As the Q4 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 RE/MAX (NYSE:RMAX) and its peers.
Shares of real estate franchise company RE/MAX (NYSE:RMAX)
fell 11.9% in the morning session after the company delivered disappointing fourth-quarter 2024 results: its full-year revenue guidance missed significantly and its EBITDA guidance for next quarter fell short of Wall Street's estimates. Revenue declined 5.4% year on year as the company saw a 4.8% drop in U.S. and Canadian agent count.
On the other hand, RE/MAX beat analysts' EPS expectations this quarter and its EBITDA outperformed Wall Street's estimates. Overall, this quarter could have been better.
Real estate franchise company RE/MAX (NYSE:RMAX) missed Wall Street’s revenue expectations in Q4 CY2024, with sales falling 5.4% year on year to $72.47 million. Next quarter’s revenue guidance of $73.5 million underwhelmed, coming in 5.8% below analysts’ estimates. Its non-GAAP profit of $0.30 per share was 4.8% above analysts’ consensus estimates.
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 (NYSE:RMAX) 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 (NYSE:CWK) 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 (NASDAQ:RDFN).
Shares of real estate franchise company RE/MAX (NYSE:RMAX)
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 (NYSE:RMAX) 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.
