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Douglas Elliman Inc. (DOUG) Reports Q3 Loss, Tops Revenue Estimates
DOUGDouglas Elliman (DOUG) ZACKS·2024-11-07 14:11

Financial Performance - Douglas Elliman Inc. reported a quarterly loss of 0.08pershare,whichwasworsethantheZacksConsensusEstimateofalossof0.08 per share, which was worse than the Zacks Consensus Estimate of a loss of 0.04, and compared to a loss of 0.06pershareayearago,indicatingasignificantearningssurpriseof−1000.06 per share a year ago, indicating a significant earnings surprise of -100% [1] - The company posted revenues of 266.32 million for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 11.34%, and showing an increase from year-ago revenues of 251.55million[2]−Overthelastfourquarters,thecompanyhassurpassedconsensusrevenueestimatestwotimes[2]StockPerformance−DouglasEllimanInc.shareshavedeclinedapproximately34.6251.55 million [2] - Over the last four quarters, the company has surpassed consensus revenue estimates two times [2] Stock Performance - Douglas Elliman Inc. shares have declined approximately 34.6% since the beginning of the year, contrasting with the S&P 500's gain of 24.3% [3] - The current consensus EPS estimate for the upcoming quarter is -0.06 on revenues of 240.34million,andforthecurrentfiscalyear,itis−240.34 million, and for the current fiscal year, it is -0.55 on revenues of $976 million [7] Industry Outlook - The Real Estate - Operations industry, to which Douglas Elliman Inc. belongs, is currently ranked in the bottom 46% of over 250 Zacks industries, suggesting potential challenges ahead [8] - The performance of Douglas Elliman Inc. may be influenced by the overall outlook for the industry, as research indicates that the top 50% of Zacks-ranked industries outperform the bottom 50% by more than 2 to 1 [8]