Realogy Holdings (RLGY) Tops Q2 EPS by 2c

Realogy Holdings (NYSE: RLGY) reported Q2 EPS of $1.00, $0.02 better than the analyst estimate of $0.98. Revenue for the quarter came in at $1.82 billion versus the consensus estimate of $1.82 billion.

Looking Ahead

For the third quarter of 2018, Realogy expects that combined homesale transaction volume will increase in the range of 3% to 6% year-over-year with sides contributing between -1 to +1% and 4% to 5% coming from price. Broken down by business unit, we expect 4% to 6% transaction volume growth at RFG and 3% to 5% growth at NRT.

Based on what we know today and subject to macro uncertainty, we continue to expect the aggregate second quarter 2018 to fourth quarter 2018 Operating EBITDA to be in line with or better than the same period in 2017.

This year, we continue to expect to see conversion from Operating EBITDA to Free Cash Flow at a rate of approximately 60%

For earnings history and earnings-related data on Realogy Holdings (RLGY) click here.

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