We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Anywhere Real Estate (HOUS) Stock Jumps 17.9%: Will It Continue to Soar?
Read MoreHide Full Article
Anywhere Real Estate (HOUS - Free Report) shares soared 17.9% in the last trading session to close at $17.03. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 1.7% loss over the past four weeks.
The increased investor optimism in the stock can be attributed to major progress on its merger with Compass Inc.
This real estate brokerage operator is expected to post a quarterly loss of $0.13 per share in its upcoming report, which represents a year-over-year change of +71.1%. Revenues are expected to be $1.38 billion, up 1.7% from the year-ago quarter.
While FFO and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in FFO estimate revisions and near-term stock price movements.
For Anywhere Real Estate, the consensus FFO per share estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in FFO estimate revisions. So, make sure to keep an eye on HOUS going forward to see if this recent jump can turn into more strength down the road.
Anywhere Real Estate belongs to the Zacks Real Estate - Operations industry. Another stock from the same industry, Offerpad Solutions Inc. (OPAD - Free Report) , closed the last trading session 3.3% lower at $1.45. Over the past month, OPAD has returned -25.7%.
Offerpad Solutions' consensus FFO per share estimate for the upcoming report has remained unchanged over the past month at -$0.28. Compared to the company's year-ago FFO per share, this represents a change of +55.6%. Offerpad Solutions currently boasts a Zacks Rank of #3 (Hold).
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Anywhere Real Estate (HOUS) Stock Jumps 17.9%: Will It Continue to Soar?
Anywhere Real Estate (HOUS - Free Report) shares soared 17.9% in the last trading session to close at $17.03. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 1.7% loss over the past four weeks.
The increased investor optimism in the stock can be attributed to major progress on its merger with Compass Inc.
This real estate brokerage operator is expected to post a quarterly loss of $0.13 per share in its upcoming report, which represents a year-over-year change of +71.1%. Revenues are expected to be $1.38 billion, up 1.7% from the year-ago quarter.
While FFO and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in FFO estimate revisions and near-term stock price movements.
For Anywhere Real Estate, the consensus FFO per share estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in FFO estimate revisions. So, make sure to keep an eye on HOUS going forward to see if this recent jump can turn into more strength down the road.
The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Anywhere Real Estate belongs to the Zacks Real Estate - Operations industry. Another stock from the same industry, Offerpad Solutions Inc. (OPAD - Free Report) , closed the last trading session 3.3% lower at $1.45. Over the past month, OPAD has returned -25.7%.
Offerpad Solutions' consensus FFO per share estimate for the upcoming report has remained unchanged over the past month at -$0.28. Compared to the company's year-ago FFO per share, this represents a change of +55.6%. Offerpad Solutions currently boasts a Zacks Rank of #3 (Hold).