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Why Dream Finders Homes Inc. (DFH) Outpaced the Stock Market Today
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In the latest close session, Dream Finders Homes Inc. (DFH - Free Report) was up +1.09% at $26.94. The stock outperformed the S&P 500, which registered a daily gain of 0.32%. At the same time, the Dow added 0.53%, and the tech-heavy Nasdaq gained 0.26%.
The homebuilder's stock has climbed by 20.75% in the past month, exceeding the Construction sector's gain of 4.6% and the S&P 500's gain of 4.51%.
The investment community will be paying close attention to the earnings performance of Dream Finders Homes Inc. in its upcoming release. The company's earnings per share (EPS) are projected to be $0.66, reflecting a 18.52% decrease from the same quarter last year. In the meantime, our current consensus estimate forecasts the revenue to be $1.02 billion, indicating a 3.72% decline compared to the corresponding quarter of the prior year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $3.23 per share and revenue of $4.76 billion, indicating changes of -3.29% and +7.03%, respectively, compared to the previous year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Dream Finders Homes Inc. These revisions typically reflect the latest short-term business trends, which can change frequently. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
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 an unchanged state. Currently, Dream Finders Homes Inc. is carrying a Zacks Rank of #3 (Hold).
With respect to valuation, Dream Finders Homes Inc. is currently being traded at a Forward P/E ratio of 8.26. This denotes a discount relative to the industry average Forward P/E of 9.41.
Investors should also note that DFH has a PEG ratio of 3.27 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. DFH's industry had an average PEG ratio of 2.23 as of yesterday's close.
The Building Products - Home Builders industry is part of the Construction sector. With its current Zacks Industry Rank of 177, this industry ranks in the bottom 29% of all industries, numbering over 250.
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.
You can find more information on all of these metrics, and much more, on Zacks.com.
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Why Dream Finders Homes Inc. (DFH) Outpaced the Stock Market Today
In the latest close session, Dream Finders Homes Inc. (DFH - Free Report) was up +1.09% at $26.94. The stock outperformed the S&P 500, which registered a daily gain of 0.32%. At the same time, the Dow added 0.53%, and the tech-heavy Nasdaq gained 0.26%.
The homebuilder's stock has climbed by 20.75% in the past month, exceeding the Construction sector's gain of 4.6% and the S&P 500's gain of 4.51%.
The investment community will be paying close attention to the earnings performance of Dream Finders Homes Inc. in its upcoming release. The company's earnings per share (EPS) are projected to be $0.66, reflecting a 18.52% decrease from the same quarter last year. In the meantime, our current consensus estimate forecasts the revenue to be $1.02 billion, indicating a 3.72% decline compared to the corresponding quarter of the prior year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $3.23 per share and revenue of $4.76 billion, indicating changes of -3.29% and +7.03%, respectively, compared to the previous year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Dream Finders Homes Inc. These revisions typically reflect the latest short-term business trends, which can change frequently. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
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 an unchanged state. Currently, Dream Finders Homes Inc. is carrying a Zacks Rank of #3 (Hold).
With respect to valuation, Dream Finders Homes Inc. is currently being traded at a Forward P/E ratio of 8.26. This denotes a discount relative to the industry average Forward P/E of 9.41.
Investors should also note that DFH has a PEG ratio of 3.27 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. DFH's industry had an average PEG ratio of 2.23 as of yesterday's close.
The Building Products - Home Builders industry is part of the Construction sector. With its current Zacks Industry Rank of 177, this industry ranks in the bottom 29% of all industries, numbering over 250.
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.
You can find more information on all of these metrics, and much more, on Zacks.com.