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nywhere Real Estate (HOUS) reported quarterly earnings of $0.05 per share, missing the Zacks Consensus Estimate by a significant margin of -78.26%. This compares to earnings of $0.15 per share a year ago. The company's revenue of $1.54 billion for the quarter ended September 2024 fell short of the Zacks Consensus Estimate by 5.27%, marking its fourth consecutive quarter of missing revenue estimates.

    The stock has underperformed the market this year, with shares losing about 50.7% since the beginning of the year versus the S&P 500's gain of 24.3%. The company's earnings outlook is a key factor in determining its future performance. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions.

    Ahead of this earnings release, the estimate revisions trend for Anywhere Real Estate was mixed. This translates into a Zacks Rank #3 (Hold) for the stock, indicating that shares are expected to perform in line with the market in the near future. The current consensus EPS estimate is -$0.36 on $1.28 billion in revenues for the coming quarter and -$0.53 on $5.7 billion in revenues for the current fiscal year.