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Why Dream Finders Homes Inc. (DFH) Outpaced the Stock Market Today
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Dream Finders Homes Inc. (DFH - Free Report) ended the recent trading session at $32.54, demonstrating a +1.62% swing from the preceding day's closing price. The stock outpaced the S&P 500's daily gain of 0.22%. Meanwhile, the Dow lost 0.33%, and the Nasdaq, a tech-heavy index, added 0.76%.
The the stock of homebuilder has fallen by 7.72% in the past month, lagging the Construction sector's loss of 2.78% and the S&P 500's gain of 1.47%.
Investors will be eagerly watching for the performance of Dream Finders Homes Inc. in its upcoming earnings disclosure. In that report, analysts expect Dream Finders Homes Inc. to post earnings of $0.83 per share. This would mark year-over-year growth of 10.67%. In the meantime, our current consensus estimate forecasts the revenue to be $1.13 billion, indicating a 25.74% growth compared to the corresponding quarter of the prior year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $3.22 per share and a revenue of $4.25 billion, representing changes of +15.41% and +13.27%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for Dream Finders Homes Inc. These latest adjustments often mirror the shifting dynamics of short-term business patterns. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. Dream Finders Homes Inc. presently features a Zacks Rank of #4 (Sell).
In terms of valuation, Dream Finders Homes Inc. is presently being traded at a Forward P/E ratio of 9.96. This signifies a premium in comparison to the average Forward P/E of 9.94 for its industry.
Also, we should mention that DFH has a PEG ratio of 0.73. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The Building Products - Home Builders industry currently had an average PEG ratio of 0.93 as of yesterday's close.
The Building Products - Home Builders industry is part of the Construction sector. This industry, currently bearing a Zacks Industry Rank of 98, finds itself in the top 39% echelons of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
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Why Dream Finders Homes Inc. (DFH) Outpaced the Stock Market Today
Dream Finders Homes Inc. (DFH - Free Report) ended the recent trading session at $32.54, demonstrating a +1.62% swing from the preceding day's closing price. The stock outpaced the S&P 500's daily gain of 0.22%. Meanwhile, the Dow lost 0.33%, and the Nasdaq, a tech-heavy index, added 0.76%.
The the stock of homebuilder has fallen by 7.72% in the past month, lagging the Construction sector's loss of 2.78% and the S&P 500's gain of 1.47%.
Investors will be eagerly watching for the performance of Dream Finders Homes Inc. in its upcoming earnings disclosure. In that report, analysts expect Dream Finders Homes Inc. to post earnings of $0.83 per share. This would mark year-over-year growth of 10.67%. In the meantime, our current consensus estimate forecasts the revenue to be $1.13 billion, indicating a 25.74% growth compared to the corresponding quarter of the prior year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $3.22 per share and a revenue of $4.25 billion, representing changes of +15.41% and +13.27%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for Dream Finders Homes Inc. These latest adjustments often mirror the shifting dynamics of short-term business patterns. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. Dream Finders Homes Inc. presently features a Zacks Rank of #4 (Sell).
In terms of valuation, Dream Finders Homes Inc. is presently being traded at a Forward P/E ratio of 9.96. This signifies a premium in comparison to the average Forward P/E of 9.94 for its industry.
Also, we should mention that DFH has a PEG ratio of 0.73. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The Building Products - Home Builders industry currently had an average PEG ratio of 0.93 as of yesterday's close.
The Building Products - Home Builders industry is part of the Construction sector. This industry, currently bearing a Zacks Industry Rank of 98, finds itself in the top 39% echelons of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.