NYSE$DFH
Dream Finders Homes Inc · Q3 2022 earnings
Q3 2022 earnings · · Investor relations
Briefing
Dream Finders Homes reported strong Q3 2022 results with significant growth in homebuilding revenues and net income.
Dream Finders Homes announced impressive results for the third quarter of 2022, marked by a 117% increase in homebuilding revenues to $784 million and a 264% surge in net income to $70 million. The company's strategic land-light operating model and focus on entry-level and first-time move-up buyers have contributed to its success in a challenging housing market.
- Homebuilding revenues increased by 117% to $784 million.
- Net income attributable to DFH increased by 264% to $70 million, or $0.71 per basic share.
- Home closings increased by 68% to 1,542 homes.
- Active community count increased by 84% to 197 communities.
Headline financials
Revenue & EPS history
Dream Finders Homes · Revenue · Quarterly
$786M
Revenue by segment
Dream Finders Homes · $784M total across 1 segment · Q3 2022
- Homebuilding$784M+117.2%100.0%
Forward guidance
Dream Finders Homes reaffirms its guidance of a minimum of 7,000 home closings for the full year 2022, considering the rapid increase in interest rates and the overall moderation of the housing market.
Tailwinds
- Company anticipates delivering a record fourth quarter in terms of closing volume, revenue and net income.
- Belief that the national shortage of homes continues.
- Confident current positioning in the housing universe remains attractive as a destination for entry-level and first-time move-up buyers.
- Build-for-rent platform is less susceptible to fluctuations in homebuyer demand.
- Opportunities presented from a market correction will set the Company apart because it truly runs a disciplined 100% land-light strategy.
Headwinds
- Economy will continue to slow and housing will not be spared.
- Rapid increase in mortgage rates has resulted in elevated cancellation levels.
- Market's reaction to the deteriorating economic conditions negatively affected net new orders
- Hurricane Ian caused a delay in scheduled closings
- Further deterioration of general economic conditions, including interest rate increases and mortgage availability, could negatively affect the Company’s ability to achieve its number of home closings in 2022.
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 Q3 2022
+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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