Q4 EPS Estimate for Smith Douglas Homes Decreased by Analyst

Smith Douglas Homes Corp. (NYSE:SDHC) – Analysts at Wedbush dropped their Q4 2024 earnings estimates for shares of Smith Douglas Homes in a report issued on Tuesday, November 12th. Wedbush analyst J. Mccanless now expects that the company will post earnings per share of $0.45 for the quarter, down from their previous forecast of $0.52. Wedbush has a “Neutral” rating and a $20.00 price objective on the stock. The consensus estimate for Smith Douglas Homes’ current full-year earnings is $1.66 per share. Wedbush also issued estimates for Smith Douglas Homes’ Q1 2026 earnings at $0.36 EPS, Q2 2026 earnings at $0.43 EPS, Q3 2026 earnings at $0.53 EPS and FY2026 earnings at $2.04 EPS.

Smith Douglas Homes (NYSE:SDHC) last announced its quarterly earnings results on Wednesday, August 14th. The company reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.03. The business had revenue of $220.90 million for the quarter, compared to the consensus estimate of $208.02 million. The business’s revenue for the quarter was up 21.7% compared to the same quarter last year.

SDHC has been the topic of a number of other research reports. Wells Fargo & Company boosted their price objective on Smith Douglas Homes from $35.00 to $40.00 and gave the stock an “equal weight” rating in a research note on Monday, October 7th. Bank of America boosted their target price on shares of Smith Douglas Homes from $36.00 to $40.00 and gave the stock a “neutral” rating in a research note on Thursday, September 19th. Finally, Royal Bank of Canada reissued a “sector perform” rating and set a $26.00 price target on shares of Smith Douglas Homes in a research note on Thursday, August 15th. Five analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $31.50.

Smith Douglas Homes Trading Down 6.2 %

Shares of NYSE:SDHC opened at $31.05 on Thursday. The business’s fifty day moving average price is $35.75 and its two-hundred day moving average price is $30.99. Smith Douglas Homes has a fifty-two week low of $20.55 and a fifty-two week high of $39.50.

Institutional Trading of Smith Douglas Homes

Several hedge funds have recently bought and sold shares of the stock. nVerses Capital LLC acquired a new stake in Smith Douglas Homes in the 3rd quarter valued at approximately $34,000. RiverPark Advisors LLC bought a new stake in shares of Smith Douglas Homes in the second quarter worth $120,000. Quantbot Technologies LP boosted its holdings in Smith Douglas Homes by 287.0% during the third quarter. Quantbot Technologies LP now owns 3,692 shares of the company’s stock worth $139,000 after purchasing an additional 2,738 shares during the last quarter. Sandia Investment Management LP bought a new position in Smith Douglas Homes in the first quarter valued at $178,000. Finally, Atria Investments Inc acquired a new stake in Smith Douglas Homes in the 3rd quarter valued at $204,000.

About Smith Douglas Homes

Smith Douglas Homes Corp., together with its subsidiaries, engages in the design, construction, and sale of single-family homes in the southeastern United States. It also provides closing, escrow, and title insurance services. The company sells its products to entry-level and empty-nest homebuyers. Smith Douglas Homes Corp.