financetom
Business
financetom
/
Business
/
National Bank Reviews Doman Building's Q3
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
National Bank Reviews Doman Building's Q3
Nov 11, 2024 11:36 AM

02:25 PM EST, 11/11/2024 (MT Newswires) -- Doman Building's third quarter revenue hit $663.1 million, beating National Bank's $638.3 million estimate (Street: $616.7 million). Adj. EPS came to $0.18, above National's $0.13 forecast and the Street's $0.14.

National Bank has increased its target to $12.50 (was $12) on 11.5x 2026e EPS, equivalent to a 9.7% FCF yield.

"We rate DBM Outperform as although the short-term outlook remains clouded by the industry's reticence to restock inventory in the face of economic uncertainty and elevated rates, DBM remains well positioned to benefit from long-term drivers of housing market dynamics on both sides of the border, and can continue to supplement growth through accretive acquisitions."

Price: 9.10, Change: +0.39, Percent Change: +4.48

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
OpenAI sees $11.6 billion revenue next year, offers Thrive chance to invest again in 2025
OpenAI sees $11.6 billion revenue next year, offers Thrive chance to invest again in 2025
Oct 3, 2024
(Reuters) - Thrive Capital is investing more than $1 billion of OpenAI's current $6.5 billion fundraising round, and it has a sweetener no other investors are getting: the potential to invest another $1 billion next year at the same valuation if the AI firm hits a revenue goal, people familiar with the matter said on Friday. OpenAI is predicting its...
OpenAI sees $11.6 billion revenue next year, offers Thrive chance to invest again in 2025
OpenAI sees $11.6 billion revenue next year, offers Thrive chance to invest again in 2025
Oct 3, 2024
Sept 27 (Reuters) - Thrive Capital is investing more than $1 billion of OpenAI's current $6.5 billion fundraising round, and it has a sweetener no other investors are getting: the potential to invest another $1 billion next year at the same valuation if the AI firm hits a revenue goal, people familiar with the matter said on Friday. OpenAI is...
Apple drops out of talks to join OpenAI investment round, WSJ reports
Apple drops out of talks to join OpenAI investment round, WSJ reports
Oct 3, 2024
Sept 27 (Reuters) - Apple ( AAPL ) is no longer in talks to participate in an OpenAI funding round expected to raise about $6.5 billion, the Wall Street Journal reported on Friday. ...
Assets in actively managed ETFs top $1 trillion worldwide
Assets in actively managed ETFs top $1 trillion worldwide
Oct 3, 2024
Sept 27 (Reuters) - Assets in actively managed exchange-traded funds (ETFs) worldwide hit a record $1 trillion at the end of August, according to data provider ETFGI, boosted by easier regulations and a wave of product innovation. Active ETFs seek to outperform the indexes they are benchmarked to, including the S&P 500, the Nasdaq 100 and the Russell 1000 Growth...
Copyright 2023-2026 - www.financetom.com All Rights Reserved