Wall Street analysts expect Vacasa, Inc. (NASDAQ:VCSA – Get Rating) to report sales of $284.47 million for the current quarter, Zacks reports. Four analysts have released earnings estimates for Vacasa, with the highest sales estimate at $286.72 million and the lowest estimate at $283.46 million. The company is expected to announce its next results on Monday, January 1.
According to Zacks, analysts expect Vacasa to report annual sales of $1.15 billion for the current fiscal year, with estimates ranging from $1.14 billion to $1.16 billion. For the next fiscal year, analysts expect the company to post sales of $1.43 billion, with estimates ranging from $1.39 billion to $1.46 billion. Zacks sales calculations are an average average based on a survey of sell-side research companies that cover Vacasa.
Vacasa (NASDAQ:VCSA – Get Rating) last released its results on Wednesday, March 16. The company reported ($0.06) EPS for the quarter, beating the consensus estimate of ($0.26) by $0.20. The company posted revenue of $192.10 million for the quarter, versus analyst estimates of $178.56 million.
A number of research companies have recently published reports on VCSA. JMP Securities reiterated a “buy” rating and issued a $12.00 price target on Vacasa shares in a Monday, March 28 report. JPMorgan Chase & Co. began covering Vacasa shares in a research note on Wednesday, February 16. They issued an “overweight” rating and a target price of $10.00 for the company. KeyCorp began covering Vacasa shares in a research note on Monday, Jan. 31. They issued a “sector weight” rating for the company. Finally, Zacks Investment Research upgraded Vacasa’s shares from a “sell” rating to a “hold” rating in a research note on Wednesday. Four analysts gave the stock a hold rating and five gave the company a buy rating. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $11.57.
VCSA shares opened at $4.50 on Friday. Vacasa has a 52-week minimum of $3.88 and a 52-week maximum of $11.00. The company has a fifty-day simple moving average of $6.82.
Several institutional investors have recently changed their positions in the company. Royal Bank of Canada increased its position in Vacasa shares by 339.3% in the first quarter. Royal Bank of Canada now owns 4,942 shares of the company valued at $41,000 after acquiring 3,817 additional shares during the period. FourThought Financial LLC purchased a new stake in Vacasa stock in the first quarter worth approximately $32,000. Penserra Capital Management LLC purchased a new equity stake in Vacasa in the fourth quarter valued at approximately $34,000. Wells Fargo & Company MN purchased a new equity stake in Vacasa in the fourth quarter valued at approximately $54,000. Finally, Advisor Group Holdings Inc. purchased a new equity stake in Vacasa in the fourth quarter valued at approximately $67,000. 36.21% of the shares are held by institutional investors.
Vacasa Company Profile (Get an evaluation)
Vacasa, Inc operates a vacation rental management platform in North America, Belize and Costa Rica. The company enables customers to search, discover and book its properties on Vacasa.com and the Vacasa Guest app. It also provides vacation home buying and selling services through its network of real estate agents.
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