Vacasa(US:VCSA) ZACKS·2024-08-09 00:50Core Insights - Vacasa, Inc. reported a quarterly loss of $0.59 per share, significantly better than the Zacks Consensus Estimate of a loss of $1.94, representing an earnings surprise of 69.59% [1] - The company posted revenues of $248.98 million for the quarter ended June 2024, missing the Zacks Consensus Estimate by 4.02%, and down from $304.58 million year-over-year [2] - Vacasa shares have declined approximately 55.9% year-to-date, contrasting with the S&P 500's gain of 9% [3] Financial Performance - Over the last four quarters, Vacasa has exceeded consensus EPS estimates four times [2] - The current consensus EPS estimate for the upcoming quarter is $2.20 on revenues of $344.4 million, while the estimate for the current fiscal year is -$9.50 on revenues of $979.99 million [7] Market Outlook - The company's earnings outlook will be crucial for future stock performance, with mixed trends in estimate revisions noted prior to the earnings release [4][6] - Vacasa currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the market in the near future [6] Industry Context - The Technology Services industry, to which Vacasa belongs, is currently ranked in the top 41% of over 250 Zacks industries, suggesting a favorable environment for stocks in this sector [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which could impact Vacasa's stock performance [5]