Stock Track | Anywhere Real Estate Soars 5% Despite Missing Q3 Earnings Estimates as Revenue Beats Expectations

Stock Track

Nov 04

Shares of Anywhere Real Estate Inc. (NYSE: HOUS) surged 5% in Tuesday's trading session, despite the company reporting mixed third-quarter results that missed earnings estimates but beat revenue expectations.

The real estate services provider reported breakeven adjusted earnings per share for Q3, falling short of analysts' consensus estimate of $0.23. This marked a significant decline from earnings of $0.05 per share in the same quarter last year. However, Anywhere Real Estate's revenue rose 5.9% year-over-year to $1.63 billion, surpassing Wall Street's forecast of $1.62 billion.

Investors appeared to focus on the positive aspects of the report, including the revenue growth and signs of improving market conditions. The company reported that its combined closed transaction volume for the quarter increased 7% year-over-year, outperforming the broader market. Notably, Anywhere Real Estate's luxury brands, including Coldwell Banker Global Luxury, Corcoran, and Sotheby's International Realty, showed particular strength with closed transaction volume increasing 12% compared to the previous year. Additionally, the company welcomed 13 new U.S. franchisees and one new international expansion to its franchise network in the third quarter, indicating continued growth potential.

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(NYSE: HOUS) surged 5% in Tuesday's trading session, despite the company reporting mixed third-quarter results that missed earnings estimates but beat revenue expectations.</p>\n\n<p>The real estate services provider reported breakeven adjusted earnings per share for Q3, falling short of analysts' consensus estimate of $0.23. This marked a significant decline from earnings of $0.05 per share in the same quarter last year. However, Anywhere Real Estate's revenue rose 5.9% year-over-year to $1.63 billion, surpassing Wall Street's forecast of $1.62 billion.</p>\n\n<p>Investors appeared to focus on the positive aspects of the report, including the revenue growth and signs of improving market conditions. The company reported that its combined closed transaction volume for the quarter increased 7% year-over-year, outperforming the broader market. 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Additionally, the company welcomed 13 new U.S. franchisees and one new international expansion to its franchise network in the third quarter, indicating continued growth potential.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"HOUS","symbol_name":"Anywhere Real Estate Inc.","start_time":0,"source_url":"","article_id":"1185082708","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1185082708","pubTimestamp":1762270452,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Shares of Anywhere Real Estate Inc. 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