Dream Finders Homes Q3 2024 GAAP EPS $0.70 Misses $0.84 Estimate, Sales $1.01B Miss $1.07B Estimate
Portfolio Pulse from Benzinga Newsdesk
Dream Finders Homes reported Q3 2024 earnings that missed estimates, with GAAP EPS at $0.70 versus the expected $0.84, and sales at $1.01 billion versus the expected $1.07 billion. Despite a 10% increase in homebuilding revenues and a 5% increase in home closings, the company's gross margin and net income decreased compared to the previous year.
October 31, 2024 | 11:18 am
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Dream Finders Homes reported Q3 2024 earnings below expectations, with EPS at $0.70 and sales at $1.01 billion. Despite revenue growth, the company saw a decline in gross margin and net income.
The earnings report shows that Dream Finders Homes missed both EPS and sales estimates, which is likely to negatively impact the stock price in the short term. The decline in gross margin and net income, despite revenue growth, suggests potential challenges in cost management or market conditions.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100