NYSE$HOUS

Anywhere Real Estate Inc · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

Delivered meaningful profitability amidst an increasingly challenging housing market.

Anywhere Real Estate Inc. reported a 17% year-over-year decrease in revenue to $1.8 billion for the third quarter of 2022, impacted by lower homesale transaction volume and the absence of Title Group revenue due to the sale of the Title Insurance Underwriter. Despite the revenue decrease, the company generated net income of $55 million and Operating EBITDA of $166 million.

  • Generated revenue of $1.8 billion, a decrease of 17% year-over-year.
  • Reported net income of $55 million, a decrease of $59 million vs. prior year, and basic earnings per share of $0.49.
  • Generated Operating EBITDA of $166 million, a decrease of $107 million year-over-year.
  • Generated Free Cash Flow of $99 million vs. $282 million for the corresponding quarter last year.

Headline financials

Total Revenue

$1.81B

Previous: $2.19B-17.3%
EPS (adj)

$0.58

Previous: $0.99-41.4%
Closed Homesale Sides (Franchise)

243.5K

Previous: 316.2K-23.0%
Average Homesale Price (Franchise)

$449K

Previous: $427K+5.2%
Purchase Title/Closing Units

35.0K

Previous: 47.0K-25.4%
Refinance Title/Closing Units

3.3K

Previous: 12.8K-74.0%
Closed Homesale Sides (Owned)

86.0K

No prior period
Average Homesale Price (Owned)

$681K

No prior period
Average Fee Per Closing Unit

$3.13K

No prior period
Capital Expenditures

-$83M

Previous: -$71M-16.9%
Free Cash Flow

-$154M

Previous: $418M-136.8%
Net Income

$55M

Previous: $114M-51.8%
Operating Income

$95M

Previous: $210M-54.8%
Gross Profit

$1.81B

Previous: $2.19B-17.3%
Cash & Equivalents

$272M

Previous: $701M-61.2%
Total Assets

$7.01B

Previous: $7.19B-2.5%
Stock-Based Comp

$6M

Previous: $7M-14.3%

Revenue & EPS history

Anywhere Real Estate · Revenue · Quarterly

$1.81B

Q3 2022-17.3%vs Q3 2021
Beat estimate in 10 of 16 quarters(63%)
ActualEstimate

Revenue by segment

Anywhere Real Estate · $1.72B total across 3 segments · Q1 2022

  • Owned Brokerage Group
    $1.26B+7.9%
  • Franchise Group
    $267M+5.1%
  • Title Group
    $190M-5.5%

Forward guidance

The Company now estimates year-over-year declines in homesale transaction volume of over 25% in the fourth quarter of 2022. Based off this lower estimated volume, the Company does not believe it will achieve the low end of its prior estimate of Operating EBITDA for full year 2022 and is not providing a revised estimate in light of the current high degree of macroeconomic volatility, in particular with respect to factors impacting the residential real estate industry.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 16 quarterly earnings reports · overlaid with Q3 2022

Historical avgQ3 2022

-1.0%

Avg return

Earnings day

-1.5%

Avg return

5 days after

-0.0%

Avg return

30 days after

52%

29 / 56 earnings

Positive

+22.8%

Q1 2020

Best reaction

-29.6%

Q1 2019

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2025
Q3 2025-2.8%+8.7%+21.3%
Q2 2025+10.7%-4.5%+32.4%
Q1 2025+3.2%+22.3%+12.6%
Q4 2024-0.5%+3.8%-9.8%
Q3 2024+4.5%-4.3%+20.5%
Q2 2024-8.3%-4.9%+3.6%
Q1 2024-4.3%-10.2%-17.0%
Q4 2023-7.3%-15.4%-31.9%
Q3 2023+5.6%+13.4%+20.0%
Q2 2023+18.0%+7.7%-14.9%
Q1 2023-19.3%-10.4%+10.7%
Q4 2022-15.5%-20.6%-33.1%
Q3 2022+3.3%-4.3%-11.0%
Q2 2022-4.8%+0.7%+3.5%
Q1 2022-12.3%-8.1%-1.2%
Q4 2021+5.4%+1.3%-5.9%
Q3 2021-12.3%
Q2 2021-5.4%
Q1 2021+13.3%
Q4 2020-12.9%
Q3 2020+12.8%
Q2 2020+2.5%
Q1 2020+22.8%
Q4 2019-10.2%
Q3 2019+5.4%
Q2 2019+17.5%
Q1 2019-29.6%
Q4 2018-22.2%
Q3 2018-9.2%
Q2 2018+4.7%
Q1 2018-0.1%
Q4 2017+3.4%
Q3 2017-11.1%
Q2 2017+4.6%
Q1 2017+2.3%
Q4 2016+3.6%
Q3 2016+6.3%
Q2 2016-11.5%
Q1 2016-8.0%
Q4 2015+2.8%
Q3 2015+6.3%
Q2 2015-10.2%
Q1 2015-5.1%
Q4 2014-2.9%
Q3 2014+5.3%
Q2 2014+5.1%
Q1 2014-11.9%
Q4 2013+2.0%
Q3 2013+7.9%
Q2 2013-4.5%
Q1 2013+2.1%
Q1 2012+2.1%
Q2 2012-3.2%
Q4 2012-4.9%
Q3 2012+6.2%
Q3 2011+6.2%
Q2 2011
Q4 2011
Q4 2010
Q4 2009
Q3 2010
Q2 2010
Q1 2011
Q1 2010

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