Vacasa Inc reports results for the quarter ended September 30 - Earnings Summary

Vacasa

08/11/2024 21:00

* Vacasa Inc  VCSA.OQ  reported quarterly adjusted earnings
of
$2.10​​ per share for the quarter ended September 30, lower than
the same quarter last year, when the company reported EPS of
$18.42.  The mean expectation of six analysts for the quarter
was for earnings of $2.33 per share. Wall Street expected
results to range from $1.59  to $3.13 per share.
    * Revenue fell 17.2% to $314.05 million from a year ago;
analysts
expected $305.16 million. 
    * Vacasa Inc's reported EPS for the quarter was $2.10​.
    * The company reported quarterly net income of $41.45
million.
    * Vacasa Inc shares had risen by 2.5% this quarter and
lost 64.9%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 4% 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," 7
"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
$5.00 
This summary was machine generated from LSEG data November 8 at
08:59 p.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
 Jan. 1 0001       2.33           2.10           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