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D.R. Horton (DHI) Rises But Trails Market: What Investors Should Know
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In the latest trading session, D.R. Horton (DHI - Free Report) closed at $138.90, marking a +0.32% move from the previous day. The stock fell short of the S&P 500, which registered a gain of 0.39% for the day. Elsewhere, the Dow gained 0.43%, while the tech-heavy Nasdaq added 0.2%.
Coming into today, shares of the homebuilder had gained 12.84% in the past month. In that same time, the Construction sector gained 12.48%, while the S&P 500 gained 5.28%.
Analysts and investors alike will be keeping a close eye on the performance of D.R. Horton in its upcoming earnings disclosure. It is anticipated that the company will report an EPS of $2.86, marking a 3.62% rise compared to the same quarter of the previous year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $7.61 billion, up 4.78% from the year-ago period.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $14.18 per share and a revenue of $36.33 billion, signifying shifts of +2.6% and +2.45%, respectively, from the last year.
Investors should also take note of any recent adjustments to analyst estimates for D.R. Horton. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 1.61% lower. Currently, D.R. Horton is carrying a Zacks Rank of #3 (Hold).
Digging into valuation, D.R. Horton currently has a Forward P/E ratio of 9.77. This valuation marks a premium compared to its industry's average Forward P/E of 9.52.
We can additionally observe that DHI currently boasts a PEG ratio of 0.81. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The Building Products - Home Builders industry had an average PEG ratio of 0.77 as trading concluded yesterday.
The Building Products - Home Builders industry is part of the Construction sector. With its current Zacks Industry Rank of 74, this industry ranks in the top 30% of all industries, numbering over 250.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
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D.R. Horton (DHI) Rises But Trails Market: What Investors Should Know
In the latest trading session, D.R. Horton (DHI - Free Report) closed at $138.90, marking a +0.32% move from the previous day. The stock fell short of the S&P 500, which registered a gain of 0.39% for the day. Elsewhere, the Dow gained 0.43%, while the tech-heavy Nasdaq added 0.2%.
Coming into today, shares of the homebuilder had gained 12.84% in the past month. In that same time, the Construction sector gained 12.48%, while the S&P 500 gained 5.28%.
Analysts and investors alike will be keeping a close eye on the performance of D.R. Horton in its upcoming earnings disclosure. It is anticipated that the company will report an EPS of $2.86, marking a 3.62% rise compared to the same quarter of the previous year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $7.61 billion, up 4.78% from the year-ago period.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $14.18 per share and a revenue of $36.33 billion, signifying shifts of +2.6% and +2.45%, respectively, from the last year.
Investors should also take note of any recent adjustments to analyst estimates for D.R. Horton. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 1.61% lower. Currently, D.R. Horton is carrying a Zacks Rank of #3 (Hold).
Digging into valuation, D.R. Horton currently has a Forward P/E ratio of 9.77. This valuation marks a premium compared to its industry's average Forward P/E of 9.52.
We can additionally observe that DHI currently boasts a PEG ratio of 0.81. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The Building Products - Home Builders industry had an average PEG ratio of 0.77 as trading concluded yesterday.
The Building Products - Home Builders industry is part of the Construction sector. With its current Zacks Industry Rank of 74, this industry ranks in the top 30% of all industries, numbering over 250.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.