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D.R. Horton Inc. (DHI) Earnings In-Line; Sales Miss in Q3

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D.R. Horton Inc. (DHI - Free Report) is one of the leading national homebuilders. The company offers a diversified line of homes across various price points through its multi-brand platform. While its Express brand caters to entry-level buyers looking for affordability, its high-end brand, Emerald, targets luxury buyers. Moreover, the company enjoys one of the broadest geographic diversities in the industry.

D.R. Horton expects to deliver strong performances on the back of its robust sales trends, solid community count, strong backlog position and well-stocked inventory of land, lots and homes. However, gross margin pressures remain.

Investors should note the recent earnings estimate movements for DHI has been mixed. However, DHI posted positive earnings surprises in three of the past four quarters, with an average surprise of 8.47%.

D R HORTON INC Price and EPS Surprise

D R HORTON INC Price and EPS Surprise | D R HORTON INC Quote

Currently, DHI has a Zacks Rank #3 (Buy), but that could definitely change following D.R. Horton’ earnings report which was just released. We have highlighted some of the key stats from this just-revealed announcement below:

Earnings: DHI delivered in-line earnings. Our consensus earnings estimate called for EPS of $0.66/share, and the company reported the same EPS. Investors should note that these figures take out special items.

Revenues: DHI reported total revenue (homebuilding and financial services) of $3.15 million. This missed our consensus estimate of $3.29 million.

Key Stats to Note: New home orders increased 13% in the quarter.

Share price: Shares declined 3.4% in pre-market trading.

Check back later for our full write up on this DHI earnings report later!

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