RE/MAX Holdings, Inc. Reports Second Quarter 2020 Results

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Go back to RE/MAX Holdings, Inc. Reports Second Quarter 2020 Results

RE/MAX Holdings (RMAX) Misses Q2 EPS by 1c, Slight Beat on Revenues

August 6, 2020 5:35 PM EDT

RE/MAX Holdings (NYSE: RMAX) reported Q2 EPS of $0.38, $0.01 worse than the analyst estimate of $0.39. Revenue for the quarter came in at $52.21 million versus the consensus estimate of $52.09 million.

Second Quarter 2020 Highlights(Compared to second quarter 2019 unless otherwise noted)

Total agent count increased 3.8% to 131,905 agentsU.S. and Canada combined agent count decreased 1.4% to 82,972 agentsTotal open Motto Mortgage franchises increased 29.6% to 127 offices1Total Revenue of $52.2 million; Revenue excluding the Marketing Funds decreased 24.2% to $40.4 millionNet income attributable to RE/MAX Holdings, Inc. of $3.5... More