For the current quarter, the 14.00 analysts offering adjusted EPS forecast have a consensus estimate of $0.79 a share, which would compare with $0.66 in the same quarter last year. They have a high estimate of $0.89 and a low estimate of $0.72. Revenue for the period is expected to total nearly $1.71B from $1.65B the year-ago period.
For the full year, 12.00 Wall Street analysts forecast this company would deliver earnings of 1.78 per share, with a high estimate of $2.01 and a low estimate of $1.53. It had reported earnings per share of $1.24 in the corresponding quarter of the previous year. Revenue for the period is expected to total nearly $5.99B versus 5.71B in the preceding year.
The analysts project the company to maintain annual growth of around 22.50% percent over the next five years as compared to an average growth rate of 15.73% percent expected for its competitors in the same industry.
Among the 12 analysts Data provided by Thomson/First Call tracks, the 12-month average price target for RLGY is $39.71 but some analysts are projecting the price to go as high as $47.00. If the optimistic analysts are correct, that represents a 46 percent upside potential from the recent closing price of $32.27. Some sell-side analysts, particularly the bearish ones, have called for $33.00 price targets on shares of Realogy Holdings Corp (NYSE:RLGY) .
In the last reported results, the company reported earnings of $0.66 per share, while analysts were calling for share earnings of $0.69. It was an earnings surprise of -4.30%percent. In the matter of earnings surprises, the term Cockroach Effect is often implied. Cockroach Effect is a market theory that suggests that when a company reveals bad news to the public, there may be many more related negative events that have yet to be revealed. In the case of earnings surprises, if a company is suggesting a negative earnings surprise it means there are more to come.
Realogy Holdings Corp. provides real estate and relocation services worldwide. The companys Real Estate Franchise Services segment franchise its real estate brokerage franchise systems under the Century 21, Coldwell Banker, Coldwell Banker Commercial, ERA, Sothebys International Realty, and Better Homes and Gardens Real Estate brand names to real estate brokerage businesses. As of December 31, 2014, this segments real estate franchise systems had approximately 13,600 offices; and approximately 256,800 independent sales associates worldwide. Its Company Owned Real Estate Brokerage Services segment owns and operates a full-service real estate brokerage business primarily under the Coldwell Banker, Corcoran Group, Sothebys International Realty, ZipRealty, and Citi Habitats brand names to assist home buyers and sellers in listing, marketing, selling, and finding homes. Its Relocation Services segment offers outsourced employee relocation services, such as homesale assistance, home equity advances to transferees, home finding and other destination services, expense processing, relocation policy counseling and consulting services, arranging household goods moving services, visa and immigration support, intercultural and language training, and group move management services to corporate clients for the transfer of their employees, as well as home buying and selling assistance to members of affinity clients. The companys Title and Settlement Services segment provides title, settlement, and vendor management services to real estate companies, affinity groups, corporations, and financial institutions. This segment also serves as an underwriter of title insurance policies in connection with residential and commercial real estate transactions. Realogy Holdings Corp. is headquartered in Madison, New Jersey.
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