Douglas Elliman Q4 2023 Adj EPS $(0.180) Misses $(0.080) Estimate, Sales $214.136M Miss $229.758M Estimate
Portfolio Pulse from Benzinga Newsdesk
Douglas Elliman (NYSE:DOUG) reported Q4 2023 adjusted EPS of $(0.180), missing the $(0.080) estimate, with sales of $214.136M also missing the $229.758M estimate. This represents a 3.28% increase in sales compared to the same period last year.
February 29, 2024 | 9:45 pm
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NEGATIVE IMPACT
Douglas Elliman reported a larger than expected quarterly loss and missed sales estimates for Q4 2023, with a slight year-over-year sales increase.
Douglas Elliman's reported earnings and sales miss could lead to negative investor sentiment in the short term, especially given the significant miss in EPS estimates. The slight increase in year-over-year sales may not be enough to offset the negative impact of the earnings miss.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100