Douglas EllimanNYSE: DOUG

Douglas Elliman Inc. (DOUG) came out with a quarterly loss of $0.18 per share versus the Zacks Consensus Estimate of a loss of $0.03. This compares to loss of $0.23 per share a year ago.

Douglas Elliman CEO Scot Durkin and CNBC's Robert Frank join 'The Exchange' to discuss trends in luxury real estate, how the luxury market changed since the Covid-19 pandemic and more.

Douglas Elliman's shares have continued to decline, making the company worth around $150 million. DOUG reported a weak Q3 with a decline in revenues and an operating loss, but cost-cutting measures are starting to take hold. The real estate resale market remains sluggish, and the company faces potential commission declines from the fallout of the Sitzer/Burnett class action lawsuit.

Douglas Elliman Inc. (NYSE:DOUG ) Q3 2023 Earnings Conference Call November 8, 2023 8:30 AM ET Company Participants Howard Lorber - Chairman, President and Chief Executive Officer Bryant Kirkland - Chief Financial Officer Conference Call Participants Dan Fannon - Jefferies Soham Bhonsle - BTIG Operator Welcome to the Douglas Elliman's Third Quarter 2023 Earnings Conference Call. This call is being recorded and simultaneously webcast.

Douglas Elliman CEO Scott Durkin and CNBC's Robert Frank join 'Power Lunch' to discuss the real estate market.

If you are looking for stocks that have gained strong momentum recently but are still trading at reasonable prices, Douglas Elliman Inc. (DOUG) could be a great choice. It is one of the several stocks that passed through our 'Fast-Paced Momentum at a Bargain' screen.

Douglas Elliman's shares have collapsed by almost 30% after suspending its cash dividend and reporting declining revenues and gross transaction value. The company's cost structure remains elevated, leading to a steep operating loss in H1/2023. With high mortgage rates limiting real estate transactions, DOUG is expected to report operating losses in 2023 and 2024.

Home sales volume is declining due to inflationary pressures and higher interest rates, causing pain for companies in the housing market. Douglas Elliman, a real estate services firm, is facing significant challenges but has an interesting niche in the higher-end market. The company has no debt, a substantial amount of cash on hand, and potential catalysts in its technology-oriented investments, making it a speculative but potentially attractive investment opportunity.

Howard Lorber, Douglas Elliman President, Chairman, and CEO, joins 'Closing Bell Overtime' to talk rate hikes and their impact on mortgages and the commercial real estate market.