We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
D.R. Horton (DHI) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates
Read MoreHide Full Article
D.R. Horton (DHI - Free Report) reported $10.5 billion in revenue for the quarter ended September 2023, representing a year-over-year increase of 9%. EPS of $4.45 for the same period compares to $4.67 a year ago.
The reported revenue represents a surprise of +4.27% over the Zacks Consensus Estimate of $10.07 billion. With the consensus EPS estimate being $3.98, the EPS surprise was +11.81%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how D.R. Horton performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Homes Closed: 22,928 versus the 16-analyst average estimate of 23,210.
Net sales order - Homes sold: 18,939 compared to the 19,658 average estimate based on 13 analysts.
Sales order backlog - Value: $5.92 billion versus $6.19 billion estimated by 10 analysts on average.
Net sales order - Value: $7.25 billion compared to the $7.46 billion average estimate based on nine analysts.
Homes closed - Northwest: 1,328 compared to the 1,279 average estimate based on five analysts.
Revenues- Home sales- Homebuilding: $8.78 billion versus the 16-analyst average estimate of $8.84 billion.
Revenues- Rental: $1.39 billion versus $895.57 million estimated by 16 analysts on average. Compared to the year-ago quarter, this number represents a +6473% change.
Revenues- Financial Services: $219.50 million compared to the $203.74 million average estimate based on 16 analysts. The reported number represents a change of +63.6% year over year.
Revenues- Homebuilding: $8.80 billion versus $8.87 billion estimated by 12 analysts on average. Compared to the year-ago quarter, this number represents a -6.3% change.
Revenues- Land/lot sales and other- Homebuilding: $17.10 million compared to the $26.90 million average estimate based on 11 analysts. The reported number represents a change of -12.3% year over year.
Revenues- Forestar: $549.70 million versus $352.48 million estimated by six analysts on average. Compared to the year-ago quarter, this number represents a +44.1% change.
Revenues From- Eliminations: -$448.20 million versus -$274.92 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +56.4% change.
Shares of D.R. Horton have returned +10.9% over the past month versus the Zacks S&P 500 composite's +1.5% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
D.R. Horton (DHI) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates
D.R. Horton (DHI - Free Report) reported $10.5 billion in revenue for the quarter ended September 2023, representing a year-over-year increase of 9%. EPS of $4.45 for the same period compares to $4.67 a year ago.
The reported revenue represents a surprise of +4.27% over the Zacks Consensus Estimate of $10.07 billion. With the consensus EPS estimate being $3.98, the EPS surprise was +11.81%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how D.R. Horton performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Homes Closed: 22,928 versus the 16-analyst average estimate of 23,210.
- Net sales order - Homes sold: 18,939 compared to the 19,658 average estimate based on 13 analysts.
- Sales order backlog - Value: $5.92 billion versus $6.19 billion estimated by 10 analysts on average.
- Net sales order - Value: $7.25 billion compared to the $7.46 billion average estimate based on nine analysts.
- Homes closed - Northwest: 1,328 compared to the 1,279 average estimate based on five analysts.
- Revenues- Home sales- Homebuilding: $8.78 billion versus the 16-analyst average estimate of $8.84 billion.
- Revenues- Rental: $1.39 billion versus $895.57 million estimated by 16 analysts on average. Compared to the year-ago quarter, this number represents a +6473% change.
- Revenues- Financial Services: $219.50 million compared to the $203.74 million average estimate based on 16 analysts. The reported number represents a change of +63.6% year over year.
- Revenues- Homebuilding: $8.80 billion versus $8.87 billion estimated by 12 analysts on average. Compared to the year-ago quarter, this number represents a -6.3% change.
- Revenues- Land/lot sales and other- Homebuilding: $17.10 million compared to the $26.90 million average estimate based on 11 analysts. The reported number represents a change of -12.3% year over year.
- Revenues- Forestar: $549.70 million versus $352.48 million estimated by six analysts on average. Compared to the year-ago quarter, this number represents a +44.1% change.
- Revenues From- Eliminations: -$448.20 million versus -$274.92 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +56.4% change.
View all Key Company Metrics for D.R. Horton here>>>Shares of D.R. Horton have returned +10.9% over the past month versus the Zacks S&P 500 composite's +1.5% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.