Realogy Holdings Earnings: Everything You Must Know Now
Realogy Holdings (NYSE:RLGY) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.
Realogy Holdings Earnings Cheat Sheet
Revenue: Was the same at $1.53 billion as the year-earlier quarter.
Actual vs. Wall St. Expectations: Realogy Holdings reported adjusted EPS income of $1.05 per share. By that measure, the company beat the mean analyst estimate of $0.72. It beat the average revenue estimate of $1.49 billion.
Quoting Management: “The material improvement in our second quarter financial results is largely attributable to the strength of our business model, the strong performance of management, a dramatically improved balance sheet with a corresponding material reduction in interest expense, and a housing market recovery that is showing resiliency,” said Richard A. Smith, Realogy’s chairman, chief executive officer and president.
Key Stats (on next page)…
EPS increased to $1.05 in the quarter versus EPS of $-0.52 in the previous quarter.
Looking Forward: Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $0.73 to a profit $0.79. For the current year, the average estimate has moved down from a profit of $1.52 to a profit of $1.46 over the last ninety days.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)