Douglas Elliman (NYSE:DOUG) Releases Earnings Results, Misses Estimates By $0.10 EPS

Douglas Elliman (NYSE:DOUG) issued its earnings results on Monday. The company reported ($0.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.10), FiscalAI reports. Douglas Elliman had a negative return on equity of 19.16% and a net margin of 2.47%. The firm had revenue of $252.09 million during the quarter, compared to the consensus estimate of $276.10 million.

Douglas Elliman Trading Up 2.9%

Shares of NYSE:DOUG traded up $0.04 during mid-day trading on Monday, hitting $1.60. 419,555 shares of the company traded hands, compared to its average volume of 566,453. The stock has a market cap of $145.88 million, a P/E ratio of 9.44 and a beta of 1.87. Douglas Elliman has a 12-month low of $1.38 and a 12-month high of $3.03. The stock has a 50-day moving average price of $1.60 and a two-hundred day moving average price of $1.87.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Weiss Ratings upgraded shares of Douglas Elliman from a “sell (d)” rating to a “sell (d+)” rating in a report on Friday, October 30th. Citizens Jmp began coverage on shares of Douglas Elliman in a research note on Wednesday, October 14th. They issued a “market perform” rating on the stock. Citigroup started coverage on shares of Douglas Elliman in a report on Wednesday, October 14th. They set a “market perform” rating for the company. Finally, Wall Street Zen raised shares of Douglas Elliman from a “sell” rating to a “buy” rating in a research report on Saturday, August 15th. Two equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Reduce”.

About Douglas Elliman

Douglas Elliman Inc (NYSE: DOUG) is a real estate services company and the parent of Douglas Elliman Realty, one of the largest residential real estate brokerage firms in the United States. The company provides brokerage services for buyers and sellers of residential properties, including luxury homes, condominiums, cooperatives and rental properties.

In addition to residential brokerage, Douglas Elliman offers new-development marketing and sales, commercial real estate services, property management, relocation assistance and related advisory services.