Vacasa(US:VCSA) ZACKS·2024-11-08 00:00Core Insights - Vacasa, Inc. reported quarterly earnings of $2.10 per share, exceeding the Zacks Consensus Estimate of $1.92 per share, but down from $18.43 per share a year ago, indicating a significant year-over-year decline [1] - The company posted revenues of $314.05 million for the quarter ended September 2024, missing the Zacks Consensus Estimate by 2.09% and down from $379.08 million year-over-year [2] - Vacasa has surpassed consensus EPS estimates in all four of the last quarters, but has only topped revenue estimates once in the same period [2] Earnings Performance - The earnings surprise for the recent quarter was 9.37%, and the company previously had a loss expectation of $1.94 per share but reported a loss of $0.59, resulting in a surprise of 69.59% [1][2] - The current consensus EPS estimate for the upcoming quarter is -$3.44, with expected revenues of $152.92 million, and for the current fiscal year, the estimate is -$7.36 on revenues of $932.09 million [7] Stock Performance and Outlook - Vacasa shares have declined approximately 62.8% since the beginning of the year, contrasting with the S&P 500's gain of 24.3% [3] - The company's Zacks Rank is currently 3 (Hold), indicating expected performance in line with the market in the near future [6] - The outlook for the stock's price movement will largely depend on management's commentary during the earnings call and future earnings expectations [3][4] Industry Context - The Technology Services industry, to which Vacasa belongs, is currently ranked in the top 28% of over 250 Zacks industries, suggesting a favorable industry outlook [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]