Douglas Elliman Q1 2024 Adj EPS $(0.28) Misses $(0.07) Estimate, Sales $200.239M Miss $217.445M Estimate
Portfolio Pulse from Benzinga Newsdesk
Douglas Elliman (NYSE:DOUG) reported Q1 2024 adjusted EPS of $(0.28), missing estimates by 300% and marking a 33.33% decrease from the previous year. Sales were $200.239M, missing estimates by 7.91% and down 6.42% from the previous year.
May 09, 2024 | 9:36 pm
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NEGATIVE IMPACT
Douglas Elliman reported significant misses in both EPS and sales for Q1 2024, with a 300% miss on EPS estimates and a 7.91% miss on sales estimates, alongside year-over-year declines.
Douglas Elliman's significant miss on both EPS and sales estimates for Q1 2024, coupled with year-over-year declines in these metrics, suggests potential short-term negative sentiment among investors. The magnitude of the miss, especially the 300% miss on EPS estimates, is likely to erode investor confidence and could lead to downward pressure on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100