RE/MAX Q4 Preview: Analysts Predict 1.4% Revenue Drop to $71.4M
RE/MAX will report Q4 results Thursday after market close with analysts forecasting a 1.4% revenue decline to $71.42 million and adjusted EPS of $0.28. In Q3 RE/MAX generated $73.25 million in revenue, down 6.7% and 0.7% below estimates, while operating income beat forecasts as agent count rose 1.4% to 147,547.
1. Upcoming Q4 Report
RE/MAX will release Q4 results Thursday after market close. Analysts expect revenue of $71.42 million, a 1.4% decline year-over-year, and adjusted EPS of $0.28 per share.
2. Q3 Financial Recap
In Q3 RE/MAX generated $73.25 million in revenue, down 6.7% year-over-year and 0.7% below estimates. Operating income exceeded forecasts and agent count rose 1.4% year-over-year to 147,547.
3. Peer Comparisons
Marcus & Millichap reported 1.6% revenue growth and beat estimates by 6.3%, while Zillow’s Q4 revenues rose 18.1% topping forecasts by 0.5%. Marcus & Millichap shares gained 3.4% and Zillow shares dropped 17.1% on their results.
4. Analyst Sentiment and Targets
Analysts have largely maintained estimates ahead of the report, with RE/MAX missing revenue forecasts four times in two years. The stock trades around $6.91 with an average price target of $9, implying roughly 30% upside.