(USD) | Dec 2023 | Q/Q |
---|---|---|
Revenue | 76.6MM | -6% |
Operating Income | -9.7MM | -54% |
Operating Expenses | 86.3MM | -16% |
Net Income | -10.9MM | -82% |
G&A | 39.1MM | -9% |
Amortization | 7.5MM | -1% |
Interest Expense | 9.4MM | +1% |
Short Volume Ratio = Short Volume / All Volume. Source of Short Volume data comes from
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For the 40th consecutive year, RE/MAX, the #1 name in real estate1, has earned a spot on the prestigious Entrepreneur Franchise 500® ranking, which evaluates strong, influential franchisors across the U.S. and Canada. RE/MAX was also named to the Franchise 500 Hall of Fame – an exceptional honor for elite brands that have ranked in the Franchise 500 for 25 or more consecutive years.
With the annual spring homebuying season coming quickly, home sales ramped up in February and spiked 17.0% from January, with a 2.3% increase from February 2023. Of those sales, buyers paid more. The median home price of $412,000 rose 2.1% from January – and 7.0% year over year. The $27,000 increase from February 2023 reflected that buyers on average were willing to pay 99% of the listing price.
RE/MAX, LLC, one of the world's leading franchisors of real estate brokerage services, kicked off 2024 with an impressive display of accolades, complementing its status as the #1 name in real estate1. After being voted the brand with the "#1 Most Trusted Real Estate Agents" by consumers in the U.S.2 and Canada3, RE/MAX continues to earn industry recognition as a top real estate franchisor and proudly accepts multiple industry honors for executive leadership.
RE/MAX Holdings, Inc. (NYSE:RMAX) Q4 2023 Earnings Call Transcript February 23, 2024 RE/MAX Holdings, Inc. isn’t one of the 30 most popular stocks among hedge funds at the end of the third quarter (see the details here). Operator: Good morning, and welcome to the RE/MAX Holdings Fourth Quarter and Full Year Earnings 2023 Earnings Conference […]
RE/MAX Holdings ( NYSE:RMAX ) Full Year 2023 Results Key Financial Results Revenue: US$325.7m (down 7.8% from FY 2022...
Q4 2023 Re/Max Holdings Inc Earnings Call
The headline numbers for RE/MAX (RMAX) give insight into how the company performed in the quarter ended December 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Agent Count Grows Amidst Revenue Decline and Net Losses
Real estate franchise company RE/MAX (NYSE:RMAX) fell short of analysts' expectations in Q4 FY2023, with revenue down 5.7% year on year to $76.6 million. Next quarter's revenue guidance of $77.5 million also underwhelmed, coming in 7.5% below analysts' estimates. It made a non-GAAP profit of $0.30 per share, improving from its loss of $0.04 per share in the same quarter last year.
RE/MAX Holdings, Inc. (the "Company") (NYSE: RMAX), parent company of RE/MAX, LLC, one of the world's leading franchisors of real estate brokerage services, and of Motto Mortgage, the first and only national mortgage brokerage franchise brand in the U.S., today announced the promotions of three of its senior leaders, Amy Lessinger, Abby Lee, and Susie Winders, in recognition of their contributions to the Company over their long tenures.