Overview

• Anywhere Q3 revenue increased 6% to $1.6 bln, missing analyst expectations

• Net loss for Q3 was $13 mln, a decline of $20 mln yr/yr

• Anywhere announces merger with Compass, closing expected in 2026

Outlook

• Company suspends forward guidance due to proposed merger with Compass

• Anywhere Real Estate expects merger with Compass to close in H2 2026

• Company on track to achieve $100 mln in cost savings for 2025

Result Drivers

• TRANSACTION VOLUME - Closed transaction volume increased 7% yr/yr, outperforming market growth by over 2 percentage points

• LUXURY SEGMENT - Luxury brands like Coldwell Banker Global Luxury and Sotheby's International Realty saw a 12% increase in closed transaction volume

• COST SAVINGS - Achieved $28 mln in cost savings in Q3, on track for $100 mln in 2025

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the real estate services peer group is "buy."

• Wall Street's median 12-month price target for Anywhere Real Estate Inc is $11.00, about 7.4% above its November 3 closing price of $10.19

Press Release: ID:nPnbh5jhPa

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)