In the latest trading session, Dream Finders Homes Inc. (DFH – Free Report) closed at $24.02, marking a -0.87% move from the previous day. This change lagged the S&P 500’s daily gain of 0.64%. Meanwhile, the Dow experienced a rise of 0.85%, and the technology-dominated Nasdaq saw an increase of 0.31%.
The the stock of homebuilder has risen by 7.69% in the past month, leading the Construction sector’s loss of 7.66% and the S&P 500’s loss of 7.69%.
The investment community will be closely monitoring the performance of Dream Finders Homes Inc. in its forthcoming earnings report. The company is forecasted to report an EPS of $0.49, showcasing a 10.91% downward movement from the corresponding quarter of the prior year. In the meantime, our current consensus estimate forecasts the revenue to be $945.3 million, indicating a 14.19% growth compared to the corresponding quarter of the prior year.
DFH’s full-year Zacks Consensus Estimates are calling for earnings of $3.14 per share and revenue of $4.82 billion. These results would represent year-over-year changes of -5.99% and +8.25%, respectively.
It’s also important for investors to be aware of any recent modifications to analyst estimates for Dream Finders Homes Inc. These latest adjustments often mirror the shifting dynamics of short-term business patterns. 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, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.97% higher. Dream Finders Homes Inc. is currently a Zacks Rank #3 (Hold).
Valuation is also important, so investors should note that Dream Finders Homes Inc. has a Forward P/E ratio of 7.73 right now. This indicates a discount in contrast to its industry’s Forward P/E of 8.35.
Also, we should mention that DFH has a PEG ratio of 1.4. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company’s projected earnings growth. The average PEG ratio for the Building Products – Home Builders industry stood at 0.84 at the close of the market yesterday.
The Building Products – Home Builders industry is part of the Construction sector. Currently, this industry holds a Zacks Industry Rank of 230, positioning it in the bottom 9% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks 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.
Financial Market Newsflash
No financial news published today. Check back later.
