RE/MAX (RMAX) Q3 Earnings Report Preview: What To Look For

RMAX Cover Image

Real estate franchise company RE/MAX (NYSE: RMAX) will be reporting results this Thursday after market hours. Here’s what to expect.

RE/MAX missed analysts’ revenue expectations by 1.1% last quarter, reporting revenues of $72.75 million, down 7.3% year on year. It was a slower quarter for the company, with revenue guidance for next quarter missing analysts’ expectations and EBITDA guidance for next quarter missing analysts’ expectations. It reported 147,073 agents, up 2.5% year on year.

Is RE/MAX a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, analysts are expecting RE/MAX’s revenue to decline 6% year on year to $73.74 million, a further deceleration from the 3.4% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.36 per share.

RE/MAX Total Revenue

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. RE/MAX has missed Wall Street’s revenue estimates four times over the last two years.

Looking at RE/MAX’s peers in the consumer discretionary segment, some have already reported their Q3 results, giving us a hint as to what we can expect. CBRE delivered year-on-year revenue growth of 13.5%, beating analysts’ expectations by 2.1%, and Nike reported revenues up 1.1%, topping estimates by 6.5%. CBRE’s stock price was unchanged after the resultswhile Nike was up 6.5%.

Read our full analysis of CBRE’s results here and Nike’s results here.

The euphoria surrounding Trump’s November win lit a fire under major indices, but potential tariffs have caused the market to do a 180 in 2025. While some of the consumer discretionary stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 2.4% on average over the last month. RE/MAX is down 9.7% during the same time and is heading into earnings with an average analyst price target of $9 (compared to the current share price of $8.65).

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