R
eal Estate Services Stocks Q3 Review: Anywhere Real Estate vs Peers The end of earnings season provides an opportunity to assess which real estate services stocks excelled and which didn't. Let's examine how these companies performed in Q3, starting with Anywhere Real Estate (NYSE:HOUS). Technology has both helped and hindered the real estate industry. On one hand, online listings increase transaction chances by disseminating information widely. On the other hand, digitization could disrupt key players like agents who exploit information asymmetries.
The 14 tracked real estate services stocks reported a satisfactory Q3, with revenues beating analysts' consensus estimates by 1.6%. However, next quarter's revenue guidance was 7.8% below expectations. Real estate services stocks have performed well, with share prices up 14.3% on average since the latest earnings results.
Anywhere Real Estate (NYSE:HOUS), formerly known as Realogy Holdings, is a residential real estate company with brokerages, franchises, and settlement services. The company reported $1.54 billion in revenues, down 3.1% year-over-year, missing analysts' expectations by 5.7%. Despite this, the stock has risen 26.2% since reporting and currently trades at $5.05.
The Real Brokerage (NASDAQ:REAX), founded in Toronto in 2014, is a technology-driven real estate brokerage firm combining a tech-centric model with an agent-centric philosophy. The company reported $372.5 million in revenues, up 73.5% year-over-year, outperforming analysts' expectations by 7.4%. This impressive quarter was marked by a significant beat of analysts' EPS and EBITDA estimates. Despite this strong performance, the stock is down 2.7% since reporting and currently trades at $5.49.
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