NYSE$DFH
Dream Finders Homes Inc · Q1 2023 earnings
Q1 2023 earnings · · Investor relations
Briefing
Dream Finders Homes reported first quarter results with homebuilding revenues up by 16% and home closings up by 11%.
Dream Finders Homes reported a positive momentum in Q1 2023, with a 16% increase in homebuilding revenues to $767 million and a 10% increase in pre-tax income to $69 million. Earnings per basic share rose by 12% to $0.49.
- Homebuilding revenues increased 16% to $767 million.
- Home closings increased 11% to 1,517.
- Net income attributable to DFH increased 12% to $49 million, or $0.49 per basic share.
- Active community count increased 7% to 220.
Headline financials
Revenue & EPS history
Dream Finders Homes · Revenue · Quarterly
$769M
Revenue by segment
Dream Finders Homes · $767M total across 1 segment · Q1 2023
- Homebuilding$767M+15.9%100.0%
Forward guidance
Dream Finders Homes maintains its guidance of approximately 6,000 home closings for the full year 2023.
Headwinds
- Further deterioration of general economic conditions, including interest rate increases and mortgage availability
- Any further COVID-19 governmental restrictions on land development, home construction or home sales
- Additional supply chain challenges could negatively affect the Company’s ability to achieve this number of home closings in 2023.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2023
+0.5%
Avg return
Earnings day
-0.8%
Avg return
5 days after
+0.2%
Avg return
30 days after
43%
9 / 21 earnings
Positive
+25.2%
Q2 2023
Best reaction
-12.4%
Q1 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +3.2% | +0.4% | +9.2% | |
| Q4 2025 | -2.0% | -11.8% | -29.7% | |
| Q3 2025 | -8.5% | -11.8% | -8.5% | |
| Q1 2025 | -3.6% | +0.6% | -1.1% | |
| Q4 2024 | +17.9% | +13.9% | +12.7% | |
| Q3 2024 | -1.3% | +4.0% | +6.8% | |
| Q2 2024 | -10.5% | -13.2% | +6.0% | |
| Q1 2024 | -12.4% | -13.7% | -20.3% | |
| Q4 2023 | +11.6% | +9.3% | +26.6% | |
| Q3 2023 | +11.7% | +13.3% | +26.1% | |
| Q2 2023 | +25.2% | +25.6% | +23.2% | |
| Q1 2023 | +2.3% | +5.6% | +21.4% | |
| Q4 2022 | -0.3% | -0.8% | +6.1% | |
| Q3 2022 | +3.5% | -0.6% | -7.4% | |
| Q2 2022 | -2.5% | -3.5% | -5.4% | |
| Q1 2022 | -6.4% | +1.6% | -10.1% | |
| Q4 2021 | +5.1% | -6.3% | -21.3% | |
| Q3 2021 | +2.5% | +9.7% | +16.2% | |
| Q2 2021 | -8.7% | -13.8% | -16.6% | |
| Q1 2021 | -8.8% | -7.7% | -15.7% | |
| Q4 2020 | -7.2% | -17.7% | -14.1% | |
| Q3 2020 | — | — | — | |
| Q2 2020 | — | — | — | |
| Q1 2020 | — | — | — | |
| Q4 2019 | — | — | — |
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