Yahoo Finance Dream Finders Homes Inc. (DFH) Advances While Market Declines: Some Information for Investors
Dream Finders Homes Inc. (DFH) closed at $25.82 in the latest trading session, marking a +1.14% move from the prior day. This move outpaced the S&P 500's daily loss of 0.41%. At the same time, the Dow lost 0.12%, and the tech-heavy Nasdaq lost 0.71%.
Shares of the homebuilder witnessed a loss of 9.82% over the previous month, trailing the performance of the Construction sector with its loss of 4.69% and the S&P 500's gain of 3.53%.
The upcoming earnings release of Dream Finders Homes Inc. will be of great interest to investors. The company is expected to report EPS of $0.77, up 18.46% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $965.5 million, up 2.13% from the year-ago period.
For the full year, the Zacks Consensus Estimates are projecting earnings of $3.21 per share and revenue of $4.14 billion, which would represent changes of +15.05% and +10.33%, 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. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
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.
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 past month, the Zacks Consensus EPS estimate remained stagnant. Dream Finders Homes Inc. currently has a Zacks Rank of #3 (Hold).
From a valuation perspective, Dream Finders Homes Inc. is currently exchanging hands at a Forward P/E ratio of 7.97. This indicates a discount in contrast to its industry's Forward P/E of 8.22.
Meanwhile, DFH's PEG ratio is currently 0.53. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Building Products - Home Builders industry currently had an average PEG ratio of 0.79 as of yesterday's close.
The Building Products - Home Builders industry is part of the Construction sector. This group has a Zacks Industry Rank of 75, putting it in the top 30% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Dream Finders Homes, Inc. (DFH): Free Stock Analysis Report
