NYSE$HOUS

Anywhere Real Estate Inc · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Realogy achieved record financial performance driven by revenue growth and strategic execution.

Realogy Holdings Corp. reported Q4 2021 financial results, with revenue increasing by 4% year-over-year to $2 billion and net income rising to $47 million. The company's full-year revenue reached $8 billion, marking a 28% increase compared to the previous year.

  • Realogy's revenue increased by 4% in Q4 2021, reaching $2 billion.
  • Net income for Q4 2021 was $47 million, an increase of $29 million compared to the prior year.
  • The company's combined closed transaction volume increased by 3% year-over-year.
  • Realogy generated $95 million in free cash flow during the quarter.

Headline financials

Total Revenue

$1.97B

Previous: $1.89B+4.5%
EPS (adj)

$0.38

Previous: $0.67-43.3%
Purchase Title/Closing Units

40.1K

No prior period
Refinance Title/Closing Units

11.0K

No prior period
Capital Expenditures

$30M

Previous: $35M-14.3%
Free Cash Flow

$95M

Previous: $268M-64.6%
Net Income

$47M

Previous: $18M+161.1%
Operating Income

$61M

Previous: -$7M+971.4%
Gross Profit

$788M

Previous: $782M+0.8%
Cash & Equivalents

$735M

Previous: $520M+41.3%
Total Assets

$7.21B

Previous: $6.93B+4.0%
Stock-Based Comp

$8M

Previous: $21M-61.9%

Revenue & EPS history

Anywhere Real Estate · Revenue · Quarterly

$1.97B

Q4 2021+4.5%vs Q4 2020
Beat estimate in 10 of 16 quarters(63%)
ActualEstimate

Revenue by segment

Anywhere Real Estate · $1.97B total across 4 segments · Q4 2021

  • Owned Brokerage Group
    $1.52B+4.2%
  • Franchise Group
    $306M+2.7%
  • Title Group
    $246M+8.8%
  • Corporate and Other
    -$100M

Forward guidance

Realogy expects Operating EBITDA for full year 2022 in the range of $800 to $850 million based on year-over-year mid-single digit homesale transaction volume growth, closing of the pending sale of the Company’s title insurance underwriter, continued investment in strategic initiatives, absorption of increased agent commission costs, and achievement of targeted realized cost savings in 2022.

Tailwinds

  • Year-over-year mid-single digit homesale transaction volume growth
  • Closing of the pending sale of the Company’s title insurance underwriter
  • Continued investment in strategic initiatives
  • Absorption of increased agent commission costs
  • Achievement of targeted realized cost savings in 2022

Headwinds

  • Macroeconomic uncertainties
  • Changes in housing market conditions
  • Return to historical seasonality patterns in 2022
  • First quarter typically being the smallest earnings quarter of our year
  • Operating EBITDA generated in the first quarter of 2022 will be well below the unseasonably high Operating EBITDA delivered in the first quarter of 2021.

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 Q4 2021

Historical avgQ4 2021

-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

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro