US stock futures flounder amid tech weakness, Fed caution
Investing.com -- Shares of HomeToGo (HTG) fell by 1% today, even though the company reported FY24 results that surpassed both its updated January guidance and consensus estimates, particularly in adjusted EBITDA.
The vacation rental search engine posted an adjusted EBITDA of €12.8 million, exceeding the forecasted €11 million and the consensus estimate of €11.0 million, showcasing the firm’s commitment to profitability and cash flow.
Despite the positive outcome for the past fiscal year, investors seem to be weighing the complexities of the FY25 outlook, which includes the anticipated consolidation of Interhome from July. HomeToGo’s management had previously indicated that they expected the Interhome transaction to close in the summer, which aligns with past statements.
Stifel analysts commented on the guidance provided by HomeToGo, noting that "If we did a simple pro forma calculation by assuming a contribution of 50% of our full-year forecasts for Interhome, the guidance is in line on the IFRS revenue line (>€300m vs SFe of ~€315m) and adj. EBITDA (>€35m vs SFe of €35m)."
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