Stock Analysis
Dream Unlimited (TSE:DRM) Third Quarter 2024 Results
Key Financial Results
- Revenue: CA$95.7m (down 28% from 3Q 2023).
- Net loss: CA$15.0m (down by 481% from CA$3.93m profit in 3Q 2023).
- CA$0.36 loss per share (down from CA$0.092 profit in 3Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Dream Unlimited Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 9.0%. Earnings per share (EPS) was also behind analyst expectations.
Looking ahead, revenue is expected to decline by 18% p.a. on average during the next 3 years, while revenues in the Real Estate industry in Canada are expected to grow by 5.9%.
Performance of the Canadian Real Estate industry.
The company's shares are down 10% from a week ago.
Risk Analysis
You should learn about the 3 warning signs we've spotted with Dream Unlimited (including 2 which don't sit too well with us).
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
About TSX:DRM
Dream Unlimited
Dream Unlimited Corp. formerly known as Dundee Realty Corporation is a real estate investment firm.
