Douglas Elliman Inc. (DOUG) Reports Q4 Loss, Misses Revenue Estimates

01.03.24 00:05 Uhr

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Douglas Elliman Inc. (DOUG) came out with a quarterly loss of $0.18 per share versus the Zacks Consensus Estimate of a loss of $0.03. This compares to loss of $0.23 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -500%. A quarter ago, it was expected that this company would post a loss of $0.08 per share when it actually produced a loss of $0.06, delivering a surprise of 25%.Over the last four quarters, the company has surpassed consensus EPS estimates two times.Douglas Elliman Inc., which belongs to the Zacks Real Estate - Operations industry, posted revenues of $214.14 million for the quarter ended December 2023, missing the Zacks Consensus Estimate by 15.87%. This compares to year-ago revenues of $207.33 million. The company has topped consensus revenue estimates two times over the last four quarters.The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.Douglas Elliman Inc. Shares have lost about 39.7% since the beginning of the year versus the S&P 500's gain of 6.3%.What's Next for Douglas Elliman Inc.While Douglas Elliman Inc. Has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.Ahead of this earnings release, the estimate revisions trend for Douglas Elliman Inc. Mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is breakeven on $265.29 million in revenues for the coming quarter and $0.13 on $1.19 billion in revenues for the current fiscal year.Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Real Estate - Operations is currently in the bottom 27% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.Legacy Housing (LEGH), another stock in the same industry, has yet to report results for the quarter ended December 2023.This mobile home manufacturing company is expected to post quarterly earnings of $0.71 per share in its upcoming report, which represents a year-over-year change of -13.4%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.Legacy Housing's revenues are expected to be $60.66 million, down 19.7% from the year-ago quarter.Top 5 ChatGPT Stocks RevealedZacks Senior Stock Strategist, Kevin Cook names 5 hand-picked stocks with sky-high growth potential in a brilliant sector of Artificial Intelligence. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion.Today you can invest in the wave of the future, an automation that answers follow-up questions … admits mistakes … challenges incorrect premises … rejects inappropriate requests. As one of the selected companies puts it, “Automation frees people from the mundane so they can accomplish the miraculous.”Download Free ChatGPT Stock Report Right Now >>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 Douglas Elliman Inc. (DOUG): Free Stock Analysis Report Legacy Housing Corporation (LEGH): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks

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Analysen zu Douglas

DatumRatingAnalyst
29.01.2013DOUGLAS verkaufenIndependent Research GmbH
23.01.2013DOUGLAS haltenequinet AG
14.12.2012DOUGLAS haltenIndependent Research GmbH
05.12.2012DOUGLAS verkaufenFrankfurter Tagesdienst
04.12.2012DOUGLAS verkaufenNational-Bank AG
DatumRatingAnalyst
08.02.2012DOUGLAS kaufenNational-Bank AG
06.02.2012DOUGLAS kaufenNational-Bank AG
31.01.2012DOUGLAS overweightHSBC
16.01.2012DOUGLAS kaufenNational-Bank AG
11.01.2012DOUGLAS kaufenNational-Bank AG
DatumRatingAnalyst
23.01.2013DOUGLAS haltenequinet AG
14.12.2012DOUGLAS haltenIndependent Research GmbH
19.10.2012DOUGLAS holdDeutsche Bank AG
18.10.2012DOUGLAS neutralExane-BNP Paribas SA
16.10.2012DOUGLAS holdDeutsche Bank AG
DatumRatingAnalyst
29.01.2013DOUGLAS verkaufenIndependent Research GmbH
05.12.2012DOUGLAS verkaufenFrankfurter Tagesdienst
04.12.2012DOUGLAS verkaufenNational-Bank AG
19.11.2012DOUGLAS reduceCommerzbank Corp. & Markets
16.10.2012DOUGLAS underperformCheuvreux SA

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