Wedbush Research Analysts Lift Earnings Estimates for Dream Finders Homes, Inc. (NASDAQ:DFH)

Dream Finders Homes, Inc. (NASDAQ:DFH) – Equities researchers at Wedbush increased their Q3 2021 earnings per share estimates for shares of Dream Finders Homes in a report released on Wednesday, May 12th. Wedbush analyst J. Mccanless now forecasts that the company will earn $0.42 per share for the quarter, up from their prior estimate of $0.34. Wedbush has a “Neutral” rating and a $21.00 price objective on the stock. Wedbush also issued estimates for Dream Finders Homes’ Q4 2021 earnings at $0.50 EPS, Q1 2022 earnings at $0.33 EPS, Q2 2022 earnings at $0.46 EPS, Q3 2022 earnings at $0.56 EPS, Q4 2022 earnings at $0.70 EPS, Q4 2022 earnings at $0.70 EPS and FY2022 earnings at $2.06 EPS.

Dream Finders Homes (NASDAQ:DFH) last announced its quarterly earnings data on Wednesday, May 12th. The company reported $0.18 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.02). The business had revenue of $343.70 million for the quarter, compared to analyst estimates of $350.24 million. The business’s revenue for the quarter was up 82.1% on a year-over-year basis.

Several other analysts have also issued reports on DFH. Royal Bank of Canada started coverage on Dream Finders Homes in a research note on Tuesday, February 16th. They issued a “sector perform” rating and a $22.00 target price on the stock. BTIG Research began coverage on shares of Dream Finders Homes in a report on Tuesday, February 16th. They set a “neutral” rating on the stock. Zacks Investment Research upgraded shares of Dream Finders Homes from a “hold” rating to a “buy” rating and set a $29.00 target price for the company in a research note on Friday. Finally, Bank of America began coverage on shares of Dream Finders Homes in a research note on Tuesday, February 16th. They set an “underperform” rating and a $17.00 price target on the stock. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $22.25.

Dream Finders Homes stock opened at $25.90 on Friday. The firm has a 50 day moving average price of $24.58. Dream Finders Homes has a 12 month low of $17.55 and a 12 month high of $31.98.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Magnolia Group LLC purchased a new position in shares of Dream Finders Homes during the 1st quarter valued at $48,140,000. Fenimore Asset Management Inc. purchased a new position in Dream Finders Homes during the first quarter worth about $9,388,000. Laurion Capital Management LP bought a new position in Dream Finders Homes in the 1st quarter worth about $241,000. Federated Hermes Inc. purchased a new stake in shares of Dream Finders Homes in the 1st quarter valued at about $16,784,000. Finally, Teacher Retirement System of Texas bought a new stake in shares of Dream Finders Homes during the 1st quarter valued at about $361,000.

Dream Finders Homes Company Profile

Dream Finders Homes, Inc operates as a holding company for Dream Finders Holdings LLC that engages in homebuilding business in the United States. The company designs, builds, and sells single family attached and detached homes in Jacksonville, Orlando, Denver, the Washington DC metropolitan area, and Austin, as well as in Charlotte and Raleigh.

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Earnings History and Estimates for Dream Finders Homes (NASDAQ:DFH)

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