NYSE$DOUG

Douglas Elliman Inc · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Reported strong momentum in its first earnings report as an independent public company.

Douglas Elliman reported strong Q4 2021 financial results, with a 25% increase in consolidated revenues, a 44% increase in operating income, and a 28% increase in Adjusted EBITDA compared to the prior year period. The company achieved record annual gross transaction value and transactions in 2021.

  • Consolidated revenues of $334.2 million, up 25% compared to the prior year period
  • Reported operating income of $19.2 million, up 44% compared to the prior year period
  • Adjusted EBITDA of $21.3 million, up 28% compared to the prior year period
  • Achieved gross transaction value of approximately $12.6 billion, compared to approximately $10.4 billion for the three months ended December 31, 2020

Headline financials

Total Revenue

$334M

Previous: $774M-56.8%
EPS (adj)

$0.23

Previous: -$0.60+138.3%
Gross transaction value

$12.6B

Previous: $10.4B+21.2%
Total transactions

8.3K

Previous: 7.6K+10.0%
Capital Expenditures

$1.41M

Previous: $6.13M-76.9%
Free Cash Flow

$33M

Previous: $25.7M+28.1%
Net Income

$20.2M

Previous: $14M+43.9%
Operating Income

$19.2M

Previous: $13.3M+44.1%
Gross Profit

$86.5M

Previous: $71.8M+20.4%
Cash & Equivalents

$215M

Previous: $94.4M+128.0%
Total Assets

$595M

Previous: $454M+31.1%

Revenue & EPS history

Douglas Elliman · Revenue · Quarterly

$334M

Q4 2021-56.8%vs Q4 2020
Beat estimate in 4 of 8 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

Douglas Elliman intends to build on its momentum as an independent company by further expanding its footprint, accelerating its adoption of cutting-edge PropTech solutions, continuing to recruit best-in-class talent, making acquisitions and acqui-hires and pursuing operational efficiencies.

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 Q4 2021

Historical avgQ4 2021

-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

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