NYSE$DOUG

Douglas Elliman Inc · Q2 2024 earnings

Q2 2024 earnings · · Investor relations

Briefing

Douglas Elliman reported an increase in quarterly revenues and gross transaction value, reflecting strength in luxury markets and a gradual stabilization of home purchasing activity.

Douglas Elliman Inc. reported consolidated revenues of $285.8 million for Q2 2024, compared to $275.9 million in the prior year quarter. The company's operating loss was $3.7 million, an improvement from the $8.3 million loss in the same quarter last year. Net loss attributed to Douglas Elliman was $1.7 million, or $0.02 per diluted common share, compared to $5.2 million, or $0.06 per diluted common share, in the prior year quarter.

  • Consolidated revenues increased to $285.8 million from $275.9 million year-over-year.
  • Real estate brokerage segment's gross transaction value rose to approximately $10.6 billion from $9.9 billion year-over-year.
  • The real estate brokerage segment reported an average price per transaction of $1.81 million.
  • Net loss attributed to Douglas Elliman improved to $1.7 million, or $0.02 per diluted common share, from $5.2 million, or $0.06 per diluted common share, year-over-year.

Headline financials

Total Revenue

$286M

Previous: $276M+3.6%
EPS

-$0.02

Previous: -$0.06+66.7%
Gross transaction value

$10.6B

Previous: $9.9B+7.1%
Total transactions

5.9K

No prior period
Capital Expenditures

-$2.97M

Previous: -$4.61M+35.7%
Free Cash Flow

-$4.63M

Previous: -$9.83M+52.9%
Net Income

-$1.66M

Previous: -$5.22M+68.1%
Operating Income

-$3.67M

Previous: -$8.3M+55.7%
Gross Profit

$284M

Previous: $273M+3.8%
Stock-Based Comp

$3.48M

Previous: $3.4M+2.2%

Revenue & EPS history

Douglas Elliman · Revenue · Quarterly

$286M

Q2 2024+3.6%vs Q2 2023
Beat estimate in 6 of 12 quarters(50%)
ActualEstimate

Revenue by segment

Douglas Elliman · $252M total across 3 segments · Q3 2023

  • Brokerage income
    $239M-8.0%
  • Property mgmt
    $8.7M+1.8%
  • Ancillary services
    $3.6M-11.6%

Forward guidance

No specific forward guidance was provided in the press release.

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 2024

Historical avgQ2 2024

-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

Earnings price reactions
QuarterReport dateReaction (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

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro