Savvy Trades and Investments

[researcher59]

RMAX +1.55 to 8.71 after a slight earnings beat ...... evidently traders were expecting a big miss. I trimmed some shares, but will buy back lower if there's a big pullback.

briefing -

RE/MAX Holdings beats by $0.01, reports revs in-line; guides Q2 revs in-line; guides FY24 revs in-line (7.16 -0.04) :
Reports Q1 (Mar) earnings of $0.20 per share, excluding non-recurring items, $0.01 better than the FactSet Consensus of $0.19; revenues fell 8.3% year/year to $78.29 mln vs the $77.75 mln FactSet Consensus.
Co issues in-line guidance for Q2, sees Q2 revs of $75-80 mln vs. $78.58 mln FactSet Consensus.
Co issues in-line guidance for FY24, sees FY24 revs of $300-320 mln vs. $310.66 mln FactSet Consensus.