Howard Hughes Holdings Inc.Howard Hughes beat revenue and EPS estimates, leading to a 6.3% stock price increase.
Howard Hughes Holdings reported first-quarter revenues of $235.9 million, up 18.4% year on year and exceeding analysts' expectations by 20.4%, making it the top performer among 14 tracked consumer discretionary real estate services stocks. The group as a whole beat revenue consensus estimates by 3.8% but issued next-quarter revenue guidance 6.7% below expectations, and their shares have fallen an average of 8.2% since reporting. Howard Hughes also beat EPS estimates, and its stock rose 6.3% to $67.50. Other notable results included Marcus & Millichap with revenues of $171.5 million, up 18.2% and beating by 5.7%, while RE/MAX posted the weakest quarter with revenues of $70.23 million, down 5.7% and missing estimates by 2.7%. JLL reported revenues of $6.39 billion, up 11.1% and beating by 6.6%, and Forestar Group met expectations with revenues of $374.3 million, up 6.6%.
Howard Hughes Holdings Inc.Howard Hughes beat revenue and EPS estimates, leading to a 6.3% stock price increase.
Jones Lang LaSalle IncorporatedJLL reported revenues of $6.39 billion, up 11.1% and beating estimates by 6.6%.
Marcus & Millichap IncMarcus & Millichap reported revenues of $171.5 million, up 18.2% and beating by 5.7%.
Re Max HoldingRE/MAX posted the weakest quarter with revenues down 5.7% and missing estimates by 2.7%.
Forestar Group IncForestar Group met revenue expectations but is part of a group whose shares fell 8.2% on average; no specific impact from this article.