NYSE$DOUG
Douglas Elliman Inc · Q2 2023 earnings
Q2 2023 earnings · · Investor relations
Briefing
Douglas Elliman's financial performance declined in Q2 2023 due to challenging market conditions.
Douglas Elliman Inc. reported a decrease in consolidated revenues to $275.9 million compared to $364.4 million in the prior year quarter. The company experienced an operating loss of $8.3 million, and a net loss attributed to Douglas Elliman of $5.2 million, or $0.06 per diluted common share.
- Consolidated revenues decreased to $275.9 million from $364.4 million in the prior year quarter.
- Real estate brokerage segment achieved gross transaction value of approximately $9.9 billion, compared to approximately $13.6 billion in the prior year quarter.
- The company recorded an operating loss of $8.3 million, compared to an operating income of $14.6 million in the prior year quarter.
- Net loss attributed to Douglas Elliman was $5.2 million, or $0.06 per diluted common share, compared to net income of $10.2 million, or $0.12 per diluted common share, in the prior year quarter.
Headline financials
Revenue & EPS history
Douglas Elliman · Revenue · Quarterly
$276M
Revenue by segment
Douglas Elliman · $276M total across 3 segments · Q2 2023
- Brokerage income$262M-24.8%95.1%
- Property mgmt$9.38M-6.7%3.4%
- Ancillary services$4.05M-26.2%1.5%
Forward guidance
The company remains confident that its differentiated platform and approach will enable it to deliver growth over the long term.
Tailwinds
- World class agents
- Strong balance sheet
- Global network of leading agents
- Luxury brand
- Positioned to take advantage of opportunities as real estate markets stabilize
Headwinds
- Continuing challenging backdrop of the second quarter
- Limited listing inventory
- Significantly increased mortgage rates
- Consolidated revenues decreased
- Operating loss recorded
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q2 2023
-4.5%
Avg return
Earnings day
-6.8%
Avg return
5 days after
-5.1%
Avg return
30 days after
41%
9 / 22 earnings
Positive
+11.0%
Q2 2023
Best reaction
-26.5%
Q4 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -11.5% | -24.4% | -16.7% | |
| Q4 2025 | -26.5% | -31.0% | -27.6% | |
| Q3 2025 | -0.4% | -1.2% | +8.1% | |
| Q1 2025 | +8.6% | +16.9% | +53.4% | |
| Q4 2024 | +3.0% | +15.2% | -3.7% | |
| Q3 2024 | +1.0% | -2.6% | +25.4% | |
| Q2 2024 | -14.0% | -11.6% | -24.2% | |
| Q1 2024 | -16.3% | -20.6% | -22.0% | |
| Q4 2023 | +2.8% | -3.9% | -11.2% | |
| Q3 2023 | +0.6% | -10.1% | +29.8% | |
| Q2 2023 | +11.0% | +12.4% | +19.1% | |
| Q1 2023 | -1.4% | +3.0% | -9.5% | |
| Q4 2022 | -19.0% | -25.9% | -28.3% | |
| Q3 2021 | -13.3% | -20.8% | -6.3% | |
| Q3 2022 | -9.7% | -17.7% | -7.3% | |
| Q2 2022 | -8.6% | -10.2% | -25.2% | |
| Q1 2021 | -3.4% | -0.7% | -6.6% | |
| Q1 2022 | -3.2% | +0.5% | -4.7% | |
| Q4 2020 | +0.9% | -2.6% | -17.1% | |
| Q4 2019 | +0.9% | -2.6% | -17.1% | |
| Q2 2021 | +0.9% | -2.6% | -17.1% | |
| Q4 2021 | -0.6% | -8.8% | -3.2% | |
| Q3 2020 | — | — | — | |
| Q2 2020 | — | — | — | |
| Q1 2020 | — | — | — |
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