Fathom reports Q3 EPS (40c), consensus (12c)

Reports Q3 revenue $83.7M, consensus $91.8M. “We’re pleased to report a quarter marked by continued progress and strategic advancements, even as the housing market continues to face challenges,” said CEO Marco Fregenal. “Our team’s adaptability has enabled us to achieve key milestones, including our acquisition of My Home Group, which significantly expands our national footprint and strengthens our position in the growing Arizona housing market…We remain committed to advancing our strategic priorities, returning our company to 25% annual agent growth, and optimizing profitability and cash flow. Our recent initiatives, including targeted investments in agent recruitment and the launch of new commission plans, are already fostering growth and positioning us for sustained success. My Home Group’s alignment with Fathom’s (FTHM) values and objectives strengthens our capabilities in key growth regions. We are confident in our ability to execute these objectives, building a premier destination for agents and clients alike. Together, we are not only adapting to market changes but actively shaping the future of real estate.”