Wedbush Forecasts Lower Earnings for Smith Douglas Homes

Smith Douglas Homes Corp. (NYSE:SDHC) – Equities researchers at Wedbush reduced their Q4 2024 earnings per share estimates for Smith Douglas Homes in a note issued to investors on Tuesday, November 12th. Wedbush analyst J. Mccanless now expects that the company will earn $0.45 per share 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 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.03. The business had revenue of $220.90 million for the quarter, compared to analyst estimates of $208.02 million. The firm’s revenue for the quarter was up 21.7% on a year-over-year basis.

Other research analysts have also issued research reports about the stock. Wells Fargo & Company upped their price target on shares of Smith Douglas Homes from $35.00 to $40.00 and gave the company an “equal weight” rating in a research note on Monday, October 7th. Royal Bank of Canada reissued a “sector perform” rating and set a $26.00 price target on shares of Smith Douglas Homes in a report on Thursday, August 15th. Finally, Bank of America upped their price objective on Smith Douglas Homes from $36.00 to $40.00 and gave the company a “neutral” rating in a report on Thursday, September 19th. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $31.50.

Smith Douglas Homes Trading Down 6.2 %

NYSE:SDHC opened at $31.05 on Thursday. The firm’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 one year low of $20.55 and a one year high of $39.50.

Institutional Trading of Smith Douglas Homes

Institutional investors have recently modified their holdings of the stock. Hood River Capital Management LLC bought a new stake in shares of Smith Douglas Homes during the 1st quarter worth approximately $14,321,000. Vanguard Group Inc. bought a new stake in Smith Douglas Homes during the first quarter worth $13,451,000. Long Pond Capital LP bought a new stake in Smith Douglas Homes during the first quarter worth $12,388,000. Zimmer Partners LP acquired a new stake in shares of Smith Douglas Homes in the 1st quarter valued at $9,652,000. Finally, Thornburg Investment Management Inc. bought a new position in shares of Smith Douglas Homes in the 2nd quarter valued at $4,975,000.

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.