In the latest close session, Dream Finders Homes Inc. (DFH) was up +1.98% at $17.49. This change outpaced the S&P 500's 0.62% gain on the day. Elsewhere, the Dow gained 0.99%, while the tech-heavy Nasdaq added 0.65%.
The homebuilder's stock has dropped by 6.28% in the past month, falling short of the Construction sector's gain of 0.6% and the S&P 500's gain of 0.59%.
Investors will be eagerly watching for the performance of Dream Finders Homes Inc. in its upcoming earnings disclosure. In that report, analysts expect Dream Finders Homes Inc. to post earnings of $0.62 per share. This would mark a year-over-year decline of 51.94%.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $2.19 per share and a revenue of $0 million, representing changes of -34.43% and 0%, respectively, from the prior year.
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. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. Dream Finders Homes Inc. is currently a Zacks Rank #3 (Hold).
In the context of valuation, Dream Finders Homes Inc. is at present trading with a Forward P/E ratio of 7.49. This expresses a discount compared to the average Forward P/E of 12.28 of its industry.
We can additionally observe that DFH currently boasts a PEG ratio of 4.86. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The Building Products - Home Builders industry had an average PEG ratio of 1.73 as trading concluded yesterday.
The Building Products - Home Builders industry is part of the Construction sector. At present, this industry carries a Zacks Industry Rank of 233, placing it within the bottom 5% of over 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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Dream Finders Homes, Inc. (DFH): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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