RE/MAX Holdings, Inc. (NYSE:RMAX) is reporting third quarter financial results on Thursday 5th November 2020, after market close.
According to analysts surveyed by Thomson Reuters, RMAX is expected to report 3Q20 income of $ 0.60 per share from revenue of $ 70.75 million.
For the full year, analysts anticipate top line of $ 262.55 million, while looking forward to income of $ 1.83 per share bottom line.
The Company Outlook
Revenue for 3Q20 are expected in a range of $ 69.00 million ~ $ 71.00 million
Full Year 2020 topline are forecasted in a range of$ 285.50 million ~ $ 289.50 million
Click Here For More Historical Outlooks Of RE/MAX Holdings, Inc.
Previous Quarter Performance
RE/MAX Holdings, Inc. disclosed income for the second quarter of $ 0.38 per share, from the revenue of $ 52.21 million. Street analysts expected RE/MAX Holdings, Inc. to report income of $ 0.39 per share on revenue of $ 52.09 million for the second quarter. The bottom line results missed street analysts by $ 0.01 or 2.56 percent, at the same time, top line results outshined analysts by $ 0.12 million or 0.23 percent.
Stock Performance
Shares of RE/MAX Holdings, Inc. traded low $ -0.22 or -0.66 percent on Wednesday, reaching $ 33.26 with volume of 47.80 thousand shares. RE/MAX Holdings, Inc. has traded high as $ 33.75 and has cracked $ 32.73 on the downward trend
The closing price of $ 33.26, representing a 132.50 % increase from the 52 week low of $ 14.40 and a 17.9 % decrease over the 52 week high of $ 40.78.
The company has a market capital of $ 1.02 billion and is part of the Real Estate sector and Real Estate Services industry.
RE/MAX Holdings, Inc. operates as a franchisor of real estate and mortgage brokerage services in the United States, Canada, and internationally. The company offers its real estate franchise services under the RE/MAX brand name; and mortgage brokerage services under the Motto Mortgage brand.
