Douglas Elliman Inc reports results for the quarter ended in June - Earnings Summary

Douglas Elliman

08/08/2024 04:02

* Douglas Elliman Inc  DOUG.N  reported a quarterly adjusted
loss
of 2 cents​​ per share for the quarter ended in June, higher
than the same quarter last year, when the company reported EPS
of -6 cents.  The mean expectation of two analysts for the
quarter was for breakeven results per share. Wall Street
expected results to range from -2 cents to 1 cents per share.
    * Revenue rose 3.6% to $285.75 million from a year ago;
analysts
expected $286.27 million. 
    * Douglas Elliman Inc's reported EPS for the quarter was a
loss
of 2 cents​.
    * The company reported a quarterly loss of $1.66 million.
    * Douglas Elliman Inc shares had risen by 85.3% this
quarter and
lost 27.1% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 114.5% in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the real estate
services peer group is also "buy"

Wall Street's median 12-month price target for Douglas Elliman
Inc is $2.50 
This summary was machine generated from LSEG data August 8 at
03:02 a.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2024      0.00           -0.02          Missed
 Mar. 31 2024      -0.07          -0.50          Missed
 Dec. 31 2023      -0.08          -0.18          Missed
 Sep. 30 2023      -0.09          -0.06          Beat