Dream Finders Homes (NYSE:DFH) Posts Quarterly Earnings Results, Misses Expectations By $0.09 EPS

Key Points

• Dream Finders Homes reported earnings of $0.56 EPS, missing expectations by $0.09 against the consensus estimate of $0.65 EPS.
• The company's revenue for the quarter was $1.15 billion, exceeding the expected $1.02 billion.
• Following the earnings report, Wall Street Zen downgraded Dream Finders Homes from a "hold" rating to a "sell" rating.

Dream Finders Homes (NYSE:DFH - Get Free Report) issued its quarterly earnings results on Thursday. The company reported $0.56 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.65 by ($0.09), Zacks reports. The firm had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.02 billion. Dream Finders Homes had a net margin of 6.61% and a return on equity of 25.50%.

Dream Finders Homes Price Performance

Dream Finders Homes stock traded down $0.17 on Friday, hitting $25.15. The company's stock had a trading volume of 523,158 shares, compared to its average volume of 413,617. Dream Finders Homes has a one year low of $19.65 and a one year high of $39.15. The firm has a market capitalization of $2.35 billion, a PE ratio of 8.14, a price-to-earnings-growth ratio of 4.73 and a beta of 1.90.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen lowered Dream Finders Homes from a "hold" rating to a "sell" rating in a report on Monday, July 21st.

About Dream Finders Homes

Dream Finders Homes, Inc operates as a holding company for Dream Finders Holdings LLC that engages in homebuilding business in the United States. It designs, constructs, and sells single-family entry-level, and first-time and second time move-up homes in Charlotte, Raleigh, Jacksonville, Orlando, Denver, the Washington DC metropolitan area, Austin, Dallas, and Houston.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.