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Why Dream Finders Homes Inc. (DFH) Dipped More Than Broader Market Today
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Dream Finders Homes Inc. (DFH - Free Report) closed the most recent trading day at $23.86, moving -1.28% from the previous trading session. The stock trailed the S&P 500, which registered a daily loss of 1.12%. Meanwhile, the Dow experienced a drop of 0.31%, and the technology-dominated Nasdaq saw a decrease of 2.04%.
Shares of the homebuilder witnessed a loss of 2.38% over the previous month, trailing the performance of the Construction sector with its loss of 1.75% and outperforming the S&P 500's loss of 2.91%.
Market participants will be closely following the financial results of Dream Finders Homes Inc. in its upcoming release. In that report, analysts expect Dream Finders Homes Inc. to post earnings of $0.49 per share. This would mark a year-over-year decline of 10.91%. Meanwhile, our latest consensus estimate is calling for revenue of $945.3 million, up 14.19% from the prior-year quarter.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $3.14 per share and revenue of $4.82 billion, indicating changes of -5.99% and +8.25%, respectively, compared to the previous year.
Investors should also pay attention to any latest changes in analyst estimates for Dream Finders Homes Inc. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.97% increase. Currently, Dream Finders Homes Inc. is carrying a Zacks Rank of #3 (Hold).
Looking at its valuation, Dream Finders Homes Inc. is holding a Forward P/E ratio of 7.71. This expresses a discount compared to the average Forward P/E of 8.47 of its industry.
Investors should also note that DFH has a PEG ratio of 1.39 right now. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. As the market closed yesterday, the Building Products - Home Builders industry was having an average PEG ratio of 0.99.
The Building Products - Home Builders industry is part of the Construction sector. This industry currently has a Zacks Industry Rank of 221, which puts it in the bottom 12% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow DFH in the coming trading sessions, be sure to utilize Zacks.com.
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Why Dream Finders Homes Inc. (DFH) Dipped More Than Broader Market Today
Dream Finders Homes Inc. (DFH - Free Report) closed the most recent trading day at $23.86, moving -1.28% from the previous trading session. The stock trailed the S&P 500, which registered a daily loss of 1.12%. Meanwhile, the Dow experienced a drop of 0.31%, and the technology-dominated Nasdaq saw a decrease of 2.04%.
Shares of the homebuilder witnessed a loss of 2.38% over the previous month, trailing the performance of the Construction sector with its loss of 1.75% and outperforming the S&P 500's loss of 2.91%.
Market participants will be closely following the financial results of Dream Finders Homes Inc. in its upcoming release. In that report, analysts expect Dream Finders Homes Inc. to post earnings of $0.49 per share. This would mark a year-over-year decline of 10.91%. Meanwhile, our latest consensus estimate is calling for revenue of $945.3 million, up 14.19% from the prior-year quarter.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $3.14 per share and revenue of $4.82 billion, indicating changes of -5.99% and +8.25%, respectively, compared to the previous year.
Investors should also pay attention to any latest changes in analyst estimates for Dream Finders Homes Inc. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.97% increase. Currently, Dream Finders Homes Inc. is carrying a Zacks Rank of #3 (Hold).
Looking at its valuation, Dream Finders Homes Inc. is holding a Forward P/E ratio of 7.71. This expresses a discount compared to the average Forward P/E of 8.47 of its industry.
Investors should also note that DFH has a PEG ratio of 1.39 right now. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. As the market closed yesterday, the Building Products - Home Builders industry was having an average PEG ratio of 0.99.
The Building Products - Home Builders industry is part of the Construction sector. This industry currently has a Zacks Industry Rank of 221, which puts it in the bottom 12% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow DFH in the coming trading sessions, be sure to utilize Zacks.com.