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Marcus & Millichap (NYSE:MMI) Bolsa, Informe de interés en corto

Marcus & Millichap

Marcus & Millichap Inc is a leading national brokerage firm specializing in commercial real estate investment sales, financing, research, and advisory services. The company offers three primary services to its clients: commercial real estate investment brokerage, financing, and ancillary services, including other research, advisory, and consulting services. The company generates revenues by collecting fees on the sale and financing of commercial properties. These fees consist of commissions collected upon the sale of a property and fees collected from the placement of loans.

Marcus & Millichap Inc

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News

Reported Earlier, Marcus & Millichap Secures $174M In Financing For 348-Unit New Jersey Multifamily Asset

Reported Earlier, Marcus & Millichap's IPA Brokers Record-Breaking $116M Sale Of La Vista Apartments In Santa Maria

Reported Earlier, Marcus & Millichap's IPA Closes $203M Sale And Secures $127.8M Financing For Santa Clara Multifamily Property

Earnings

Earnings Beats

Marcus & Millichap Earlier Reported Q3 EPS $(0.14) Beats $(0.19) Estimate, Sales $168.51M Beat $160.90M Estimate

Marcus &amp; Millichap (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MMI#NYSE">MMI</a>) is preparing to release its quarterly earnings on Friday, 2024-11-08. Here's a brief overview of what investors should keep in mind before the announcement.
Analysts expect Marcus &amp; Millichap to report an earnings per share (EPS) of $-0.19.
Marcus &amp; Millichap bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Earnings History Snapshot</h3>
Last quarter the company beat EPS by $0.01, which was followed by a 1.56% increase in the share price the next day.
Here's a look at Marcus &amp; Millichap's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
<th>Q3 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>-0.15</td>
<td>-0.28</td>
<td>-0.28</td>
<td>-0.26</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>-0.14</td>
<td>-0.26</td>
<td>-0.27</td>
<td>-0.24</td>
</tr>
<tr>
<td>Price Change %</td>
<td>2.0%</td>
<td>2.0%</td>
<td>-1.0%</td>
<td>7.000000000000001%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1730995848_0.png" alt="eps graph" />
<h3>Marcus &amp; Millichap Share Price Analysis</h3>
Shares of Marcus &amp; Millichap were trading at $40.27 as of November 06. Over the last 52-week period, shares are up 36.17%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release. 
<h3>Analyst Insights on Marcus &amp; Millichap</h3>
For investors, staying informed about market sentiments and expectations in the industry is paramount. This analysis provides an exploration of the latest insights on Marcus &amp; Millichap.
The consensus rating for Marcus &amp; Millichap is Underperform, derived from 1 analyst ratings. An average one-year price target of $30.0 implies a potential 25.5% downside.
<h3>Peer Ratings Comparison</h3>
In this analysis, we delve into the analyst ratings and average 1-year price targets of RE/MAX Hldgs, Offerpad Solutions and Fathom Holdings, three key industry players, offering insights into their relative performance expectations and market positioning.
<ul>
<li>Analysts currently favor an Neutral trajectory for RE/MAX Hldgs, with an average 1-year price target of $10.5, suggesting a potential 73.93% downside.</li>
<li>For Offerpad Solutions, analysts project an Neutral trajectory, with an average 1-year price target of $3.08, indicating a potential 92.35% downside.</li>
<li>As per analysts' assessments, Fathom Holdings is favoring an Outperform trajectory, with an average 1-year price target of $2.5, suggesting a potential 93.79% downside.</li>
</ul>
<h3>Comprehensive Peer Analysis Summary</h3>
The peer analysis summary outlines pivotal metrics for RE/MAX Hldgs, Offerpad Solutions and Fathom Holdings, demonstrating their respective standings within the industry and offering valuable insights into their market positions and comparative performance.

<table>
<thead>
<tr>
<th>Company</th>
<th>Consensus</th>
<th>Revenue Growth</th>
<th>Gross Profit</th>
<th>Return on Equity</th>
</tr>
</thead>
<tbody>
<tr>
<td>Marcus &amp; Millichap</td>
<td>Underperform</td>
<td>-2.76%</td>
<td>$60.29M</td>
<td>-0.88%</td>
</tr>
<tr>
<td>RE/MAX Hldgs</td>
<td>Neutral</td>
<td>-3.38%</td>
<td>$58.38M</td>
<td>0.23%</td>
</tr>
<tr>
<td>Offerpad Solutions</td>
<td>Neutral</td>
<td>-11.17%</td>
<td>$17.14M</td>
<td>-19.03%</td>
</tr>
<tr>
<td>Fathom Holdings</td>
<td>Outperform</td>
<td>-10.87%</td>
<td>$11.16M</td>
<td>-2.46%</td>
</tr>
</tbody>
</table>

Key Takeaway:
Marcus &amp; Millichap ranks at the top for Revenue Growth and Gross Profit among its peers. However, it ranks at the bottom for Return on Equity.
<h3>Discovering Marcus &amp; Millichap: A Closer Look</h3>
Marcus &amp; Millichap Inc is a leading national brokerage firm specializing in commercial real estate investment sales, financing, research, and advisory services. The company offers three primary services to its clients: commercial real estate investment brokerage, financing, and ancillary services, including other research, advisory, and consulting services. The company generates revenues by collecting fees on the sale and financing of commercial properties. These fees consist of commissions collected upon the sale of a property and fees collected from the placement of loans.
<h3>Financial Insights: Marcus &amp; Millichap</h3>
Market Capitalization Analysis: Reflecting a smaller scale, the company's market capitalization is positioned below industry averages. This could be attributed to factors such as growth expectations or operational capacity.
Revenue Challenges: Marcus &amp; Millichap's revenue growth over 3 months faced difficulties. As of 30 June, 2024, the company experienced a decline of approximately -2.76%. This indicates a decrease in top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Real Estate sector.
Net Margin: Marcus &amp; Millichap's net margin is below industry averages, indicating potential challenges in maintaining strong profitability. With a net margin of -3.5%, the company may face hurdles in effective cost management.
Return on Equity (ROE): Marcus &amp; Millichap's ROE stands out, surpassing industry averages. With an impressive ROE of -0.88%, the company demonstrates effective use of equity capital and strong financial performance.
Return on Assets (ROA): Marcus &amp; Millichap's ROA excels beyond industry benchmarks, reaching -0.67%. This signifies efficient management of assets and strong financial health.
Debt Management: Marcus &amp; Millichap's debt-to-equity ratio is below the industry average. With a ratio of 0.14, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
<a href="https://www.benzinga.com/quote/MMI/earnings">To track all earnings releases for Marcus &amp; Millichap visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Marcus & Millichap's Earnings: A Preview

&quot;During this period of market uncertainty, we successfully connected multiple buyers with their respective lenders to fulfill the portfolio closing requirements for the seller, with minimal contingencies and securing non-refundable earnest money,&quot; said Ebrahim Valliani, first vice president investments in Marcus &amp; Millichap&#39;s Chicago Oak Brook office. &quot;We delivered the confidence that the sellers needed for a successful and reliable transaction.&quot; Valliani represented the seller, Skyline Investments Inc., and procured the buyers, with support from Chris Gomes, Allan Miller and Michael Klar of the Miller-Gomes Hotel Team of Marcus &amp; Millichap.

Reported Earlier, Marcus & Millichap Closes $101M Sale Of 11-Property Courtyard Hotel Portfolio Across Seven U.S. States

Reported Earlier, Marcus & Millichap Closes $187.5M Deal For 497-Unit Multifamily Phoenix Property

Wells Fargo analyst Blaine Heck maintains Marcus &amp; Millichap (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MMI#NYSE">MMI</a>) with a Underweight and raises the price target from $20 to $30.

Price Target

Analyst Ratings

Wells Fargo Maintains Underweight on Marcus & Millichap, Raises Price Target to $30

Marcus &amp; Millichap (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MMI#NYSE">MMI</a>) reported quarterly losses of $(0.14) per share which beat the analyst consensus estimate of $(0.15) by 6.67 percent. This is a 39.13 percent increase over losses of $(0.23) per share from the same period last year. The company reported quarterly sales of $158.37 million which missed the analyst consensus estimate of $160.70 million by 1.45 percent. This is a 2.76 percent decrease over sales of $162.87 million the same period last year.

Earnings Misses

Marcus & Millichap Q2 GAAP EPS $(0.14) Beats $(0.15) Estimate, Sales $158.37M Miss $160.70M Estimate

<a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.institutionalpropertyadvisors.com%2F&amp;esheet=54038247&amp;newsitemid=20240606951680&amp;lan=en-US&amp;anchor=IPA+Capital+Markets&amp;index=1&amp;md5=2b133f780cc6d88da52ea366abc39c1f">IPA Capital Markets</a>, a division of&nbsp;<a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.marcusmillichap.com%2F&amp;esheet=54038247&amp;newsitemid=20240606951680&amp;lan=en-US&amp;anchor=Marcus+%26amp%3B+Millichap+%28NYSE%3AMMI%29&amp;index=2&amp;md5=b2e5c71653f52015d1fe3dd5fc153f21">Marcus &amp; Millichap (NYSE:</a><a href="https://www.benzinga.com/stock/MMI#NYSE">MMI</a>), specializing in capital markets services for major private and institutional clients, announced the&nbsp;$72.24 million&nbsp;refinance of La Vista City Centre, a growing master-planned multifamily, office and retail development in La Vista, Nebraska.
Frank Montalto, IPA Capital Markets managing director based in the firm&#39;s Chicago office, secured the financing on behalf of City+Ventures, a Nebraska-based investment and development company that partnered with the City of La Vista beginning in 2015 for the development of the community.

Reported Earlier, Marcus & Millichap's IPA Division Secures $72M For Refinancing Omaha's La Vista City Centre

Marcus &amp; Millichap (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MMI#NYSE">MMI</a>) reported quarterly losses of $(0.26) per share which beat the analyst consensus estimate of $(0.28) by 7.14 percent. This is a 73.33 percent decrease over losses of $(0.15) per share from the same period last year. The company reported quarterly sales of $129.10 million which beat the analyst consensus estimate of $127.50 million by 1.26 percent. This is a 16.60 percent decrease over sales of $154.79 million the same period last year.

Marcus & Millichap Q1 GAAP EPS $(0.26) Beats $(0.28) Estimate, Sales $129.10M Beat $127.50M Estimate

Institutional Property Advisors (IPA), a division of Marcus &amp; Millichap (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MMI#NYSE">MMI</a>), announced today the sale and financing of Alta Chandler at The Park, a 291-unit mid-rise multifamily asset in Chandler, Arizona. The property traded for&nbsp;$94.5 million, which represents&nbsp;$324,742&nbsp;per unit. IPA Capital Markets arranged&nbsp;$52 million&nbsp;in acquisition financing.

Reported Earlier, Marcus & Millichap's Institutional Property Advisors Brokers Sale And Arranges Financing For $94.5M Southeast Phoenix Multifamily Asset

The company said, notwithstanding the ongoing price discovery and wider than normal bid/ask spreads, the commercial real estate transaction market is poised over the long-term to overcome the near term challenges which are currently expected to extend for the first half of 2024.

Guidance

Marcus & Millichap Says It Remains Well-positioned To Achieve Long-term Growth

Marcus &amp; Millichap (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MMI#NYSE">MMI</a>) reported quarterly losses of $(0.27) per share which beat the analyst consensus estimate of $(0.28) by 3.57 percent. This is a 235 percent decrease over earnings of $0.20 per share from the same period last year. The company reported quarterly sales of $166.24 million which missed the analyst consensus estimate of $171.20 million by 2.90 percent. This is a 36.66 percent decrease over sales of $262.45 million the same period last year.

Marcus & Millichap Q4 EPS $(0.27) Beats $(0.28) Estimate, Sales $166.24M Miss $171.20M Estimate

Marcus &amp; Millichap (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MMI#NYSE">MMI</a>) is set to give its latest quarterly earnings report on Friday, 2024-02-16. Here's what investors need to know before the announcement.
Analysts estimate that Marcus &amp; Millichap will report an earnings per share (EPS) of $-0.28. 
Marcus &amp; Millichap bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Historical Earnings Performance</h3>
Last quarter the company beat EPS by $0.02, which was followed by a 0.0% drop in the share price the next day.
Here's a look at Marcus &amp; Millichap's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2023</th>
<th>Q2 2023</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>-0.26</td>
<td>-0.23</td>
<td>-0.17</td>
<td>0.19</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>-0.24</td>
<td>-0.23</td>
<td>-0.15</td>
<td>0.20</td>
</tr>
<tr>
<td>Price Change %</td>
<td>7.01%</td>
<td>-1.53%</td>
<td>1.69%</td>
<td>1.59%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1708009233_0.png" alt="eps graph" />
<h3>Stock Performance</h3>
Shares of Marcus &amp; Millichap were trading at $38.61 as of February 14. Over the last 52-week period, shares are up 12.51%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release. 
<a href="https://www.benzinga.com/quote/MMI/earnings">To track all earnings releases for Marcus &amp; Millichap visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Marcus & Millichap Earnings Preview

Marcus &amp; Millichap (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MMI#NYSE">MMI</a>), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of Alta Cooley Station, a 248-unit, mid-rise multifamily property in Cooley Station, an upscale master-planned community in Gilbert, Arizona. The asset traded for&nbsp;$80 million, which equates to&nbsp;$322,581&nbsp;per uni

Marcus & Millichap's Institutional Property Advisors Closed A $80M Multifamily Asset Sale In Gilbert, Arizona

Reported Earlier, Marcus & Millichap Enters Strategic Partnership With EquityMultiple

Marcus & Millichap Enters Strategic Partnership That Includes An Equity Investment And Commercial Relationship With Real Estate Technology Firm Archer

Marcus &amp; Millichap (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MMI#NYSE">MMI</a>) reported quarterly losses of $(0.24) per share which beat the analyst consensus estimate of $(0.26) by 7.69 percent. This is a 145.28 percent decrease over earnings of $0.53 per share from the same period last year. The company reported quarterly sales of $162.03 million which missed the analyst consensus estimate of $164.80 million by 1.68 percent. This is a 49.97 percent decrease over sales of $323.84 million the same period last year.

Marcus & Millichap Q3 EPS $(0.24) Beats $(0.26) Estimate, Sales $162.03M Miss $164.80M Estimate

Marcus &amp; Millichap (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MMI#NYSE">MMI</a>) is set to give its latest quarterly earnings report on Friday, 2023-11-03. Here's what investors need to know before the announcement.
Analysts estimate that Marcus &amp; Millichap will report an earnings per share (EPS) of $-0.26. 
Marcus &amp; Millichap bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Historical Earnings Performance</h3>
Last quarter the company missed EPS by $0.00, which was followed by a 0.0% drop in the share price the next day.
Here's a look at Marcus &amp; Millichap's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2023</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
<th>Q3 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>-0.23</td>
<td>-0.17</td>
<td>0.19</td>
<td>0.55</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>-0.23</td>
<td>-0.15</td>
<td>0.20</td>
<td>0.53</td>
</tr>
<tr>
<td>Price Change %</td>
<td>-1.53%</td>
<td>1.69%</td>
<td>1.59%</td>
<td>0.38%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2023/1698940925_0.png" alt="eps graph" />
<h3>Stock Performance</h3>
Shares of Marcus &amp; Millichap were trading at $29.22 as of November 01. Over the last 52-week period, shares are down 13.9%. Given that these returns are generally negative, long-term shareholders are likely bearish going into this earnings release. 
<a href="https://www.benzinga.com/quote/MMI/earnings">To track all earnings releases for Marcus &amp; Millichap visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings Preview: Marcus & Millichap

Warning: MMI is at high risk of performing badly

Reports Q3 revenue $168.5M, consensus $160.9M. "We are pleased to report an improvement in our third quarter results. We believe this progress refl...

Marcus & Millichap reports Q3 EPS (14c), consensus (19c)

Marcus & Millichap, Inc. (MMI) Q3 2024 Earnings Call Transcript

Marcus & Millichap Inc ( ($MMI) ) has released its Q3 earnings. Here is a breakdown of the information Marcus & Millichap Inc presented to its inve...

Marcus & Millichap Reports Positive Q3 2024 Results

Marcus & Millichap "announced the hiring of Ian Grusd. In his new role, Grusd will focus on expanding Marcus & Millichap's national Auction Service...

Marcus & Millichap hires Ian Grusd to expand commercial property auction service

The real estate sector looks poised to grow due to increasing urbanization and advancements in technology. Therefore, it could be wise to explore real estate tech stocks such as Marcus & Millichap (MMI), Newmark Group (NMRK), and RE/MAX Holdings (RMAX). Keep reading… The real estate market is expected to grow due to increasing demand for efficiency in property management, urbanization, and technological innovation. Therefore, fundamentally strong real estate stocks, Marcus &amp; Millichap, Inc. (<a href="https://stocknews.com/stock/MMI/">MMI</a>), Newmark Group, Inc. (<a href="https://stocknews.com/stock/NMRK/">NMRK</a>), and RE/MAX Holdings, Inc. (<a href="https://stocknews.com/stock/RMAX/">RMAX</a>), might be worthy watchlist additions for capitalizing on the property market.
The global real estate market is expected to grow at a <a href="https://www.globenewswire.com/news-release/2024/09/11/2944565/28124/en/Real-Estate-Market-Industry-Report-2024-A-3-89-Trillion-Market-in-2023-that-is-Projected-to-Grow-at-a-CAGR-of-9-33-During-2025-2030.html">CAGR of 9.3%</a> by 2030. This growth is driven by several key factors, including increased urbanization rates in emerging economies, advancements in construction technology, and shifting consumer preferences towards sustainable and smart building solutions.
Additionally, <a href="https://www.imarcgroup.com/real-estate-market">technological advancements</a> are revolutionizing the realty industry, impacting how properties are marketed, transacted, and managed. Proptech innovations, including virtual reality tours, artificial intelligence in property management, and blockchain for transparent and secure transactions, enhance the efficiency and accessibility of realty processes.
Considering this favorable backdrop, let's assess the fundamentals of the three <a href="https://stocknews.com/category/real-estate-services/">Real Estate Services</a> picks.
Stock #3: Marcus &amp; Millichap, Inc. (<a href="https://stocknews.com/stock/MMI/">MMI</a>)
MMI is an investment brokerage company that provides real estate investment brokerage and financing services to sellers and buyers of commercial real estate in the United States and Canada.
In terms of the trailing-12-month <a href="https://www.investopedia.com/terms/a/assetturnover.asp">asset turnover ratio</a>, MMI's 0.73x is 446.8% higher than the 0.13x industry average. Its 4.45x trailing-12-month cash per share is 621.5% higher than the 0.62x industry average.
MMI's total revenues for the fiscal third quarter that ended September 30, 2024, increased 4% year-over-year to $168.51 million. Its real estate brokerage commissions grew 1.5% year-over-year to $141.97 million.
In addition, the company's cash and cash equivalents stood at $172.72 million as of September 30, 2024, compared to $170.75 million as of December 31, 2023.
For the fourth quarter ending December 2024, MMI's revenue is expected to increase 13% year-over-year to $187.80 million. MMI surpassed the consensus EPS estimates in each of the trailing four quarters. 
MMI gained 35.9% over the past six months to close its last trading session at $42.12.
MMI's <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> reflect its outlook. MMI has a B grade for Growth. It is ranked #18 out of 45 stocks in the <a href="https://stocknews.com/category/real-estate-services/">Real Estate Services</a> industry. The POWR Ratings are calculated by considering 118 different factors, with each factor weighted to an optimal degree.  
For additional MMI's Momentum, Sentiment, Quality, Stability, and Value, click <a href="https://stocknews.com/stock/MMI/">here</a>.
Stock #2: Newmark Group, Inc. (<a href="https://stocknews.com/stock/NMRK/">NMRK</a>)
NMRK provides commercial real estate services internationally. The company offers capital markets consisting of investment sales and commercial mortgage brokerage; landlord or agency representation leasing; valuation and advisory; property management; commercial real estate technology platform and capabilities; and other advisory services.
NMRK's 0.55x trailing-12-month asset turnover ratio is 317.2% higher than the industry average of 0.13x. Furthermore, the stock's 7.52% trailing-12-month dividend yield to dividend payout ratio is 173.5% higher than the industry average of 2.75%.
NMRK's revenue increased 11.3% year-over-year to $685.91 million during the third quarter ended September 30, 2024. The company's net income available to common shareholders increased 78.9% year-over-year to $17.79 million and grew 66.7% year-over-year to $0.10 per share.
Street expects NMRK's revenue for the fourth quarter ending December 2024 to increase 5% year-over-year to $784.83 million. For the same quarter, the company's EPS is expected to grow 1.6% year-over-year to $0.47. Furthermore, the company surpassed the consensus revenue estimates in each of the trailing four quarters.
NMRK's stock has gained 43.7% over the past nine months and 84% over the past year to close the last trading session at $15.35.
NMRK's POWR Ratings reflect prospects. NMRK has a B grade for Growth. It is ranked #13 in the same industry.
For additional NMRK's Momentum, Sentiment, Quality, Stability, and Value, click <a href="https://stocknews.com/stock/NMRK/">here</a>.
Stock #1: RE/MAX Holdings, Inc. (<a href="https://stocknews.com/stock/RMAX/">RMAX</a>)
RMAX operates as a franchisor of real estate brokerage services in the United States, Canada, and internationally. It operates through Real Estate; Mortgage; and Marketing Funds segments. 
RMAX's 74.05% trailing-12-month gross profit margin is 12.9% higher than the industry average of 65.62%. Furthermore, the stock's 5.88% trailing-12-month ROTC is 175% higher than the industry average of 2.14%.
RMAX's total revenue for the third quarter ended September 30, 2024, was reported at $78.48 million. Net income attributable to RMAX came in at $966 million, compared to a net loss of $59.45 million. Net income attributable to RMAX per share of class A common stock at $0.05, compared to net loss per share of $3.28 in the previous-year quarter.
The stock gained 30.4% over the past six months to close the last trading session at $40.88. 
RMAX's fundamentals are reflected in its POWR Ratings. It has an overall rating of B, which equates to a Buy in our proprietary rating system.
RMAX also has a B grade for Value, Quality, and Growth. It is ranked #6 in the same industry. 
Beyond what is stated above, we've also rated RMAX for Momentum, Sentiment, and Stability. Get all RMAX ratings <a href="https://stocknews.com/stock/RMAX/">here</a>.
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RMAX shares were trading at $12.46 per share on Monday afternoon, down $0.04 (-0.32%). Year-to-date, RMAX has declined -6.53%, versus a 28.53% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Nidhi Agarwal</h2> <img src='https:/wp-content/uploads/2023/03/Nidhi-Agarwal_Headshot-3.jpg' style="float:left; padding:5px;width:125px;">Nidhi is passionate about the capital market and wealth management, which led her to pursue a career as an investment analyst. She holds a bachelor's degree in finance and marketing and is pursuing the CFA program.

Her fundamental approach to analyzing stocks helps investors identify the best investment opportunities.<a href="https://stocknews.com/authors/?author=nidhi-agarwal">More...</a>The post <a href=https://stocknews.com/news/rmax-mmi-nmrk-3-real-estate-tech-stocks-modernizing-property-markets/>3 Real Estate Tech Stocks Modernizing Property Markets</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 Real Estate Tech Stocks Modernizing Property Markets

Marcus & Millichap announces sale of 13-property multifamily portfolio in New York for $94.5M

Marcus & Millichap announces $116M sale

Marcus & Millichap division secures $174M financing for New Jersey asset

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Marcus & Millichap's IPA Capital Markets Arranges $63 Million Multifamily Refinance in Greater Austin

Marcus & Millichap, Inc. Reports Results for Third Quarter 2024

Marcus & Millichap Expands Commercial Property Auction Services with Ian Grusd

Marcus & Millichap's Institutional Property Advisors Brokers Three Multifamily Property Sales in Tacoma for $102.6 Million

Richard Bird Joins Graystone Brokerage as Executive Vice President

Marcus & Millichap's Institutional Property Advisors Brokers $203 Million Sale and Arranges $127.8 Million Financing for Silicon Valley Multifamily Asset

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