Stock Story -
Residential real estate services company Anywhere Real Estate (NYSE:HOUS) will be announcing earnings results tomorrow before market hours. Here's what to look for.
Anywhere Real Estate missed analysts' revenue expectations by 1.8% last quarter, reporting revenues of $1.13 billion, flat year on year. It was a weak quarter for the company, with a miss of analysts' earnings estimates.
Is Anywhere Real Estate a buy or sell going into earnings? Find out by reading the original article on StockStory, it's free.
This quarter, analysts are expecting Anywhere Real Estate's revenue to grow 1.2% year on year to $1.69 billion, a reversal from the 22% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.37 per share.
The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings.
Looking at Anywhere Real Estate's peers in the consumer discretionary segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Cushman & Wakefield's revenues decreased 4.9% year on year, missing analysts' expectations by 2.9%, and CBRE reported revenues up 8.7%, in line with consensus estimates. Cushman & Wakefield traded down 3.6% following the results while CBRE was up 12.5%.
Read the full analysis of Cushman & Wakefield's and CBRE's results on StockStory.
There has been positive sentiment among investors in the consumer discretionary segment, with share prices up 11.8% on average over the last month. Anywhere Real Estate is up 42% during the same time and is heading into earnings with an average analyst price target of $5.2 (compared to the current share price of $4.7).
![Earnings To Watch: Anywhere Real Estate (HOUS) Reports Q2 Results Tomorrow](https://d68-invdn-com.investing.com/content/pic200b9595c1dd0ab6dfef972b63f44f97.jpeg)