NYSE$DFH
Dream Finders Homes Inc · Q4 2020 earnings
Q4 2020 earnings · · Investor relations
Briefing
Dream Finders Homes reported record revenue and pre-tax income, driven by a significant increase in home sales and improved gross margins.
Dream Finders Homes announced record fourth quarter and full year 2020 results. The company reported significant increases in revenue, pre-tax income, and net new orders. The company's asset-light homebuilding model allowed it to rapidly adjust to the changing landscape brought on by the COVID-19 pandemic.
- Pre-tax income for the fourth quarter increased by 133.5% compared to the fourth quarter of 2019.
- Total revenues increased by 82.0% compared to the fourth quarter of 2019.
- Net new orders increased by 189.0% over the net new orders in the fourth quarter of 2019.
- Home closings increased by 78.0% over the home closings in the fourth quarter of 2019.
Headline financials
Revenue & EPS history
Dream Finders Homes · Revenue · Quarterly
$461M
Revenue by segment
Dream Finders Homes · $943M total across 1 segment · Q2 2023
- Homebuilding$943M+19.2%100.0%
Forward guidance
The Company believes that the homebuilding sector will remain strong in 2021, and expects the positive demographic trends in the high growth markets in which it operates to continue. Dream Finders Homes remains focused on providing an affordable product for its entry-level and first-time move-up homebuyers.
Tailwinds
- The company believes that the homebuilding sector will remain strong in 2021.
- Expects the positive demographic trends in the high growth markets in which it operates to continue.
- Dream Finders Homes remains focused on providing an affordable product for its entry-level and first-time move-up homebuyers.
- Company believes it will have 5,000 to 6,000 home closings for the full year 2021.
- Assumes that the Company is able to continue to increase its portfolio of controlled lots.
Headwinds
- General economic conditions, including interest rates and mortgage availability, in 2021 remain similar to those experienced so far in the first quarter of 2021.
- Construction costs and overall absorption rates in the remainder of 2021 are consistent with the Company’s recent experience.
- Governmental regulations relating to land development, home construction and COVID-19 are similar to those currently in place.
- Any further COVID-19 governmental restrictions on land development, home construction or home sales could negatively impact our ability to achieve this number of home closings in 2021.
- Outlook assumes that the Company is able to continue to increase its portfolio of controlled lots.
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 Q4 2020
+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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