Stocks
ETFs
Options
Commodities
Crypto
Currency
Pro Newsletters
Research Tools
Daily Feeds
Calendars
Economic Indicators
Class Actions
Calculators
Education
About Us
Working with TipRanks
Follow Us
Douglas Elliman Inc. (DOUG)
NYSE:DOUG
Holding DOUG?
Track your performance easily
Earnings Data
Report Date
Feb 27, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-$0.08Last Year’s EPS
-$0.18Same Quarter Last Year
Based on 0 Analysts Ratings
---
Earnings Call Summary
Earnings Call Date:Nov 07, 2024
|% Change Since: -14.51%
|Next Earnings Date:Feb 27, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mixed picture with several positive indicators such as increased average home sale prices, growth in listing volume, and recognition in key markets. However, these were offset by significant net losses, a large noncash charge due to convertible debt, and a litigation settlement charge, suggesting ongoing financial challenges.Company Guidance
In the third-quarter 2024 earnings call for Douglas Elliman, the company provided guidance highlighting several key metrics and strategic initiatives. The average price per home sale increased to $1.6 million, up from $1.57 million in the same period last year, and year-to-date it stands at $1.68 million compared to $1.6 million in 2023. Listing volume grew by 6% from the previous year, and their development marketing division has an active pipeline valued at approximately $26.8 billion, with $16.4 billion in Florida alone. Financially, the company reported third-quarter revenues of $266.3 million compared to $251.5 million in 2023 and a net loss of $27.2 million, notably including a $20.2 million noncash charge related to convertible debt. Adjusted EBITDA for the quarter showed a loss of $1.4 million, improving from a $3 million loss in 2023. These results are part of Douglas Elliman's broader strategy to diversify revenue streams and enhance long-term growth through strategic acquisitions and property management expansion, particularly in the Florida market.Increased Average Price per Home Sale
In the third quarter, the average price per home sale rose to $1.6 million compared to $1.57 million in the comparable 2023 period. Year-to-date, the average price per home sale transaction is $1.68 million compared to $1.6 million in the 2023 period.
Growth in Home Sale Listings
Listing volume increased by 6% in the third quarter of 2024 compared to the prior year period.
Development Marketing Division Success
The division has a pipeline of actively marketed projects of approximately $26.8 billion in gross transaction value, with $16.4 billion of this in Florida. An additional $4.7 billion in gross transaction value is expected to come to market through the end of 2025.
Recognition in Key Markets
Recently named the #1 brokerage by sales volume on Long Island, the Hamptons, Westchester, and the Hudson Valley. Also eclipsed sales records in North Miami and the North Fork of Long Island.
Reduction in Operating Expenses
For the nine months ended September 30, 2024, operating expenses were reduced by approximately $11.9 million compared to the corresponding period in 2023.
Increased Revenues
Douglas Elliman reported $266.3 million in revenues for Q3 2024 compared to $251.5 million in Q3 2023. Year-to-date revenues increased to $752.3 million from $741.4 million in the 2023 period.
---
DOUG Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
---
DOUG Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 07, 2024 | $1.93 | $2.01 | +4.15% |
| Aug 07, 2024 | $1.87 | $1.85 | -1.07% |
| May 09, 2024 | $1.44 | $1.18 | -18.06% |
| Feb 29, 2024 | $1.84 | $1.83 | -0.54% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
---
FAQ
When does Douglas Elliman Inc. (DOUG) report earnings?
Douglas Elliman Inc. (DOUG) is schdueled to report earning on Feb 27, 2025, TBA Not Confirmed.
What is Douglas Elliman Inc. (DOUG) earnings time?
Douglas Elliman Inc. (DOUG) earnings time is at Feb 27, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is DOUG EPS forecast?
DOUG EPS forecast for the fiscal quarter 2024 (Q4) is -$0.08.
---