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Dream Finders Homes Inc. (DFH) Beats Stock Market Upswing: What Investors Need to Know
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Dream Finders Homes Inc. (DFH - Free Report) closed at $26.22 in the latest trading session, marking a +1.16% move from the prior day. The stock exceeded the S&P 500, which registered a gain of 0.34% for the day. Meanwhile, the Dow gained 0.09%, and the Nasdaq, a tech-heavy index, added 0.42%.
The homebuilder's shares have seen a decrease of 5.44% over the last month, not keeping up with the Construction sector's gain of 0.71% and the S&P 500's gain of 3.54%.
The investment community will be closely monitoring the performance of Dream Finders Homes Inc. in its forthcoming earnings report. The company's upcoming EPS is projected at $0.47, signifying a 32.86% drop compared to the same quarter of the previous year. At the same time, our most recent consensus estimate is projecting a revenue of $1.14 billion, reflecting a 13.26% rise from the equivalent quarter last year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $2.39 per share and a revenue of $4.66 billion, indicating changes of -28.44% and +4.63%, respectively, from the former year.
Investors should also take note of any recent adjustments to analyst estimates for Dream Finders Homes Inc. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, there's been a 30.73% fall in the Zacks Consensus EPS estimate. Dream Finders Homes Inc. is currently sporting a Zacks Rank of #5 (Strong Sell).
Valuation is also important, so investors should note that Dream Finders Homes Inc. has a Forward P/E ratio of 10.85 right now. This expresses a discount compared to the average Forward P/E of 11.82 of its industry.
It is also worth noting that DFH currently has a PEG ratio of 7.04. 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. Building Products - Home Builders stocks are, on average, holding a PEG ratio of 2.62 based on yesterday's closing prices.
The Building Products - Home Builders industry is part of the Construction sector. This industry, currently bearing a Zacks Industry Rank of 234, finds itself in the bottom 6% echelons 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.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
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Dream Finders Homes Inc. (DFH) Beats Stock Market Upswing: What Investors Need to Know
Dream Finders Homes Inc. (DFH - Free Report) closed at $26.22 in the latest trading session, marking a +1.16% move from the prior day. The stock exceeded the S&P 500, which registered a gain of 0.34% for the day. Meanwhile, the Dow gained 0.09%, and the Nasdaq, a tech-heavy index, added 0.42%.
The homebuilder's shares have seen a decrease of 5.44% over the last month, not keeping up with the Construction sector's gain of 0.71% and the S&P 500's gain of 3.54%.
The investment community will be closely monitoring the performance of Dream Finders Homes Inc. in its forthcoming earnings report. The company's upcoming EPS is projected at $0.47, signifying a 32.86% drop compared to the same quarter of the previous year. At the same time, our most recent consensus estimate is projecting a revenue of $1.14 billion, reflecting a 13.26% rise from the equivalent quarter last year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $2.39 per share and a revenue of $4.66 billion, indicating changes of -28.44% and +4.63%, respectively, from the former year.
Investors should also take note of any recent adjustments to analyst estimates for Dream Finders Homes Inc. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, there's been a 30.73% fall in the Zacks Consensus EPS estimate. Dream Finders Homes Inc. is currently sporting a Zacks Rank of #5 (Strong Sell).
Valuation is also important, so investors should note that Dream Finders Homes Inc. has a Forward P/E ratio of 10.85 right now. This expresses a discount compared to the average Forward P/E of 11.82 of its industry.
It is also worth noting that DFH currently has a PEG ratio of 7.04. 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. Building Products - Home Builders stocks are, on average, holding a PEG ratio of 2.62 based on yesterday's closing prices.
The Building Products - Home Builders industry is part of the Construction sector. This industry, currently bearing a Zacks Industry Rank of 234, finds itself in the bottom 6% echelons 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.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.