NYSE$DOUG

Douglas Elliman Inc · Q4 2023 earnings

Q4 2023 earnings · · Investor relations

Briefing

Reported an increase in quarterly revenues and a reduced net loss compared to the prior year quarter.

Douglas Elliman Inc. reported a revenue increase for Q4 2023, marking the first year-over-year quarterly revenue growth since Q1 2022. The company's net loss also decreased compared to the same quarter last year, reflecting a gradual stabilization in home purchasing activity and strength in luxury markets.

  • Revenues increased to $214.1 million from $207.3 million in the prior year quarter.
  • Real estate brokerage segment's gross transaction value was approximately $7.9 billion, compared to approximately $7.5 billion in the prior year quarter.
  • Net loss attributed to Douglas Elliman was $14.8 million, or $0.18 per diluted common share, compared to a net loss of $18.4 million, or $0.23 per diluted common share, in the prior year quarter.
  • Operating loss was $23.6 million, compared to an operating loss of $21.9 million in the prior year quarter.

Headline financials

Total Revenue

$214M

Previous: $207M+3.3%
EPS (adj)

-$0.18

Previous: -$0.23+21.4%
Capital Expenditures

$763K

Previous: $2.33M-67.3%
Free Cash Flow

-$3.41M

Previous: -$22.3M+84.7%
Net Income

-$14.8M

Previous: -$18.4M+19.3%
Operating Income

-$23.6M

Previous: -$21.9M-7.6%
Gross Profit

$36M

Previous: $57M-36.8%
Stock-Based Comp

$3.41M

Previous: $2.66M+28.1%

Revenue & EPS history

Douglas Elliman · Revenue · Quarterly

$214M

Q4 2023+3.3%vs Q4 2022
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%

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 2023

Historical avgQ4 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

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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