Vacasa Inc Cl A Down 10.29% To $9.07 After Earnings Beat

Wednesday, November 8, 2023 - Vacasa Inc Cl A (VCSA) reported upside earnings and revenues today.

Vacasa Inc Cl A's earnings came in at an EPS of $18.43 per share, 1725.00% higher than estimates for an EPS of $1.01 per share. The firm's earnings are up 2204% since reporting $0.8 per share in the same period a year ago. Remember, earnings reported were on an adjusted basis, so they may not be comparable to prior reports and/or analyst estimates.

Revenues were upbeat at $379.1 million. That represents a 8.03% decrease in revenues from the year-ago report and is 8.08% higher than consensus estimates set at $350.7 million.

The stock is down 10.29% to $9.07 after the report.

The firm's lower revenue growth to earnings signals that the firm has been able to reduce costs and improve its profit margin overall.

The average recommendation from Wall Street analysts was a Hold which may get revised based on this new data.

InvestorsObserver gives the stock a Bearish Sentiment score at the moment based on recent trading.

Prior to the report, InvestorsObserver gave the stock an overall score of 61. Meanwhile, the average Wall Street analyst rated the stock a Hold.

Vacasa Inc is a vacation rental management platform in North America, transforming the vacation rental experience by integrating purpose-built technology with expert local and national teams.