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

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

RE/MAX Holdings (RMAX) Tops Q3 EPS by 4c, Revenues Beat; Offers 4Q Revenue Guidance Above Consensus, FY20 Revenue Mid-Point Outlook Above Consensus

November 5, 2020 5:48 PM EST

RE/MAX Holdings (NYSE: RMAX) reported Q3 EPS of $0.64, $0.04 better than the analyst estimate of $0.60. Revenue for the quarter came in at $71.07 million versus the consensus estimate of $70.75 million.

Third Quarter 2020 Highlights(Compared to third quarter 2019 unless otherwise noted)

Total agent count increased 5.1% to 134,769 agentsU.S. and Canada combined agent count decreased 0.3% to 83,802 agentsTotal open Motto Mortgage franchises increased 27.9% to 133 offices1Total Revenue of $71.1 million; Revenue excluding the Marketing Funds increased 0.5% to $53.8 millionNet income attributable to RE/MAX Holdings, Inc. of $3.6 million and earnings per diluted share... More