Dream Finders Homes Inc. (DFH) closed the most recent trading day at $18.59, moving -3.18% from the previous trading session. The stock's performance was behind the S&P 500's daily gain of 0.5%. Meanwhile, the Dow experienced a rise of 0.64%, and the technology-dominated Nasdaq saw an increase of 0.43%.
Coming into today, shares of the homebuilder had gained 7.5% in the past month. In that same time, the Construction sector gained 5.42%, while the S&P 500 gained 0.18%.
The investment community will be paying close attention to the earnings performance of Dream Finders Homes Inc. in its upcoming release. The company is expected to report EPS of $0.62, down 51.94% from the prior-year quarter.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $2.19 per share and a revenue of $0 million, signifying shifts of -34.43% and 0%, respectively, from the last year.
Investors should also take note of any recent adjustments to analyst estimates for Dream Finders Homes Inc. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 11.35% downward. Dream Finders Homes Inc. presently features a Zacks Rank of #5 (Strong Sell).
Looking at valuation, Dream Finders Homes Inc. is presently trading at a Forward P/E ratio of 9.46. This indicates a discount in contrast to its industry's Forward P/E of 13.1.
Meanwhile, DFH's PEG ratio is currently 6.14. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. DFH's industry had an average PEG ratio of 1.81 as of yesterday's close.
The Building Products - Home Builders industry is part of the Construction sector. This industry, currently bearing a Zacks Industry Rank of 242, finds itself in the bottom 2% echelons of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
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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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