Real Estate Services Stocks Q3 In Review: Cushman & Wakefield (NYSE:CWK) Vs Peers

As the Q3 earnings season comes to a close, it’s time to take stock of this quarter’s best and worst performers in the real estate services industry, including Cushman & Wakefield (NYSE:CWK) and its peers.

Technology has been a double-edged sword in real estate services. On the one hand, internet listings are effective at disseminating information far and wide, casting a wide net for buyers and sellers to increase the chances of transactions. On the other hand, digitization in the real estate market could potentially disintermediate key players like agents who use information asymmetries to their advantage.

The 14 real estate services stocks we track reported a satisfactory Q3. As a group, revenues beat analysts’ consensus estimates by 1.6% while next quarter’s revenue guidance was 7.8% below.

Luckily, real estate services stocks have performed well with share prices up 14.3% on average since the latest earnings results.

Cushman & Wakefield (NYSE:CWK)

Cushman & Wakefield reported revenues of $2.34 billion, up 2.5% year on year. This print fell short of analysts’ expectations by 1.8%. Overall, it was a slower quarter for the company with a significant miss of analysts’ adjusted operating income estimates.

Interestingly, the stock is up 13.5% since reporting and currently trades at $14.90.

Is now the time to buy Cushman & Wakefield? Find out by reading the original article on StockStory, it’s free.

Best Q3: The Real Brokerage (NASDAQ:REAX)

The Real Brokerage reported revenues of $372.5 million, up 73.5% year on year, outperforming analysts’ expectations by 7.4%. The business had an incredible quarter with an impressive beat of analysts’ EPS estimates and a solid beat of analysts’ EBITDA estimates.

The Real Brokerage achieved the fastest revenue growth among its peers. Although it had a fine quarter compared its peers, the market seems unhappy with the results as the stock is down 2.7% since reporting. It currently trades at $5.49.

Slowest Q3: Anywhere Real Estate (NYSE:HOUS)

Anywhere Real Estate reported revenues of $1.54 billion, down 3.1% year on year, falling short of analysts’ expectations by 5.7%. It was a disappointing quarter as it posted a miss of analysts’ transacted dollars estimates and a significant miss of analysts’ adjusted operating income estimates.

Anywhere Real Estate delivered the weakest performance against analyst estimates in the group. Interestingly, the stock is up 26.2% since the results and currently trades at $5.05.

RE/MAX (NYSE:RMAX)

RE/MAX reported revenues of $78.48 million, down 3.4% year on year. This print was in line with analysts’ expectations. Aside from that, it was a mixed quarter as it also recorded a solid beat of analysts’ adjusted operating income estimates but EBITDA guidance for next quarter missing analysts’ expectations.

RE/MAX had the weakest full-year guidance update among its peers. The stock is up 8.4% since reporting and currently trades at $13.28.

Marcus & Millichap (NYSE:MMI)

Marcus & Millichap reported revenues of $168.5 million, up 4% year on year. This result beat analysts’ expectations by 4.7%. Overall, it was a stunning quarter as it also put up an impressive beat of analysts’ EBITDA estimates and a solid beat of analysts’ EPS estimates.

The stock is up 2% since reporting and currently trades at $40.99.

Market Update

Want to invest in winners with rock-solid fundamentals? Check out our and add them to your watchlist. These companies are poised for growth regardless of the political or macroeconomic climate.

This content was originally published on Stock Story