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%.
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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It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
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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%.
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!
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free report >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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