RE/MAX Holdings Reports Third Quarter 2019 Results
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RE/MAX Holdings (RMAX) Tops Q3 EPS by 4c; Offers Q4 & FY19 Revenue Guidance
October 31, 2019 4:29 PM EDTRE/MAX Holdings (NYSE: RMAX) reported Q3 EPS of $0.61, $0.04 better than the analyst estimate of $0.57. Revenue for the quarter came in at $71.5 million versus the consensus estimate of $71.35 million.
Third Quarter 2019 Highlights
(Compared to third quarter 2018 unless otherwise noted)
Total agent count increased 3.5% to 128,258 agentsU.S. and Canada combined agent count decreased 1.9% to 84,067 agentsTotal open Motto Mortgage franchises increased to 104 officesRevenue of $71.5 million; excluding Marketing Funds revenue, decreased 2.5% to $53.5 millionNet income attributable to RE/MAX Holdings, Inc. of $9.2 million and earnings per diluted share (GAAP EPS) of... More