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Compared to Estimates, D.R. Horton (DHI) Q4 Earnings: A Look at Key Metrics
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For the quarter ended September 2024, D.R. Horton (DHI - Free Report) reported revenue of $10 billion, down 4.8% over the same period last year. EPS came in at $3.92, compared to $4.45 in the year-ago quarter.
The reported revenue represents a surprise of -2.43% over the Zacks Consensus Estimate of $10.25 billion. With the consensus EPS estimate being $4.20, the EPS surprise was -6.67%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
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: 23,647 versus the 17-analyst average estimate of 24,301.
Net sales order - Homes sold: 19,035 versus the 17-analyst average estimate of 20,333.
Sales order backlog - Homes in backlog: 12,180 versus the 15-analyst average estimate of 12,899.
Sales order backlog - Value: $4.77 billion versus the 12-analyst average estimate of $5.11 billion.
Net sales order - Value: $7.15 billion compared to the $7.71 billion average estimate based on 10 analysts.
Revenues- Home sales- Homebuilding: $8.93 billion versus $9.28 billion estimated by 18 analysts on average. Compared to the year-ago quarter, this number represents a +1.7% change.
Revenues- Financial Services: $222 million versus $242.77 million estimated by 18 analysts on average. Compared to the year-ago quarter, this number represents a +1.1% change.
Revenues- Rental: $704.80 million versus the 17-analyst average estimate of $592.24 million. The reported number represents a year-over-year change of -49.2%.
Revenues- Homebuilding: $8.95 billion versus the 13-analyst average estimate of $9.31 billion. The reported number represents a year-over-year change of +1.8%.
Revenues- Land/lot sales and other- Homebuilding: $20.70 million versus $16.82 million estimated by 12 analysts on average. Compared to the year-ago quarter, this number represents a +21.1% change.
Revenues- Forestar: $551.40 million compared to the $481.54 million average estimate based on seven analysts. The reported number represents a change of +0.3% year over year.
Revenues- Eliminations and Other: -$425.70 million compared to the -$386.99 million average estimate based on five analysts. The reported number represents a change of -5% year over year.
Shares of D.R. Horton have returned -5.5% over the past month versus the Zacks S&P 500 composite's +1.7% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
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Compared to Estimates, D.R. Horton (DHI) Q4 Earnings: A Look at Key Metrics
For the quarter ended September 2024, D.R. Horton (DHI - Free Report) reported revenue of $10 billion, down 4.8% over the same period last year. EPS came in at $3.92, compared to $4.45 in the year-ago quarter.
The reported revenue represents a surprise of -2.43% over the Zacks Consensus Estimate of $10.25 billion. With the consensus EPS estimate being $4.20, the EPS surprise was -6.67%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
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: 23,647 versus the 17-analyst average estimate of 24,301.
- Net sales order - Homes sold: 19,035 versus the 17-analyst average estimate of 20,333.
- Sales order backlog - Homes in backlog: 12,180 versus the 15-analyst average estimate of 12,899.
- Sales order backlog - Value: $4.77 billion versus the 12-analyst average estimate of $5.11 billion.
- Net sales order - Value: $7.15 billion compared to the $7.71 billion average estimate based on 10 analysts.
- Revenues- Home sales- Homebuilding: $8.93 billion versus $9.28 billion estimated by 18 analysts on average. Compared to the year-ago quarter, this number represents a +1.7% change.
- Revenues- Financial Services: $222 million versus $242.77 million estimated by 18 analysts on average. Compared to the year-ago quarter, this number represents a +1.1% change.
- Revenues- Rental: $704.80 million versus the 17-analyst average estimate of $592.24 million. The reported number represents a year-over-year change of -49.2%.
- Revenues- Homebuilding: $8.95 billion versus the 13-analyst average estimate of $9.31 billion. The reported number represents a year-over-year change of +1.8%.
- Revenues- Land/lot sales and other- Homebuilding: $20.70 million versus $16.82 million estimated by 12 analysts on average. Compared to the year-ago quarter, this number represents a +21.1% change.
- Revenues- Forestar: $551.40 million compared to the $481.54 million average estimate based on seven analysts. The reported number represents a change of +0.3% year over year.
- Revenues- Eliminations and Other: -$425.70 million compared to the -$386.99 million average estimate based on five analysts. The reported number represents a change of -5% year over year.
View all Key Company Metrics for D.R. Horton here>>>Shares of D.R. Horton have returned -5.5% over the past month versus the Zacks S&P 500 composite's +1.7% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.