Vacasa Inc reports results for the quarter ended in June - Earnings Summary

Vacasa

09/08/2024 07:51

* Vacasa Inc  VCSA.OQ  reported a quarterly adjusted loss
of 59
cents​​ per share for the quarter ended in June, lower than the
same quarter last year, when the company reported EPS of -20
cents.  The mean expectation of six analysts for the quarter was
for a loss of $1.91 per share. Wall Street expected results to
range from $-2.55 to $-1.26 per share.
    * Revenue fell 18.3% to $248.98 million from a year ago;
analysts
expected $250.08 million. 
    * Vacasa Inc's reported EPS for the quarter was a loss of 59
cents​.
    * The company reported a quarterly loss of $8.85 million.
    * Vacasa Inc shares had fallen by 18.7% this quarter and
lost 51.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 11.3%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 6
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the online
services
peer group is also "hold"

Wall Street's median 12-month price target for Vacasa Inc is
$7.50 
This summary was machine generated from LSEG data August 9 at
06:51 a.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2024      -1.91          -0.59          Beat
 Mar. 31 2024      -2.61          -6.36          Missed
 Dec. 31 2023      -6.34          -3.48          Beat
 Sep. 30 2023      1.02           18.42          Beat