Anywhere Real Estate Earnings: What To Look For From HOUS

Adam Hejl /
2024/02/14 2:00 am EST

Anywhere Real Estate (NYSE:HOUS) will be reporting earnings tomorrow before market open. Here's what investors should know.

Last quarter Anywhere Real Estate reported revenues of $1.58 billion, down 12.4% year on year, missing analyst expectations by 1.3%. It was a mixed quarter for the company, with an impressive beat of analysts' earnings estimates. On the other hand, revenue missed.

Is Anywhere Real Estate buy or sell heading into the earnings? Read our full analysis here, it's free.

This quarter analysts are expecting Anywhere Real Estate's revenue to decline 3.5% year on year to $1.28 billion, improvement on the 33% year-over-year decrease in revenue the company had recorded in the same quarter last year. Adjusted loss is expected to come in at -$0.36 per share.

Anywhere Real Estate Total Revenue

Majority of analysts covering the company have reconfirmed their estimates over the last thirty days, suggesting they are expecting the business to stay the course heading into the earnings. The company missed Wall St's revenue estimates five times over the last two years.

Looking at Anywhere Real Estate's peers in the consumer discretionary segment, some of them have already reported Q4 earnings results, giving us a hint of what we can expect. Universal Technical Institute delivered top-line growth of 45.6% year on year, beating analyst estimates by 3.8% and MGM Resorts reported revenues up 21.8% year on year, exceeding estimates by 5.8%. Universal Technical Institute traded up 4.2% on the results, and MGM Resorts was down 2.1%.

Read our full analysis of Universal Technical Institute's results here and MGM Resorts's results here.

There has been positive sentiment among investors in the consumer discretionary segment, with the stocks up on average 3.2% over the last month. Anywhere Real Estate is up 7.7% during the same time, and is heading into the earnings with analyst price target of $6, compared to share price of $7.2.

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