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Tale of the Tape

Zacks Equity Research

D.R. Horton Inc. (DHI) Misses on Q4 Earnings
November 08, 2016

DHI

Trades from $3

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 stable. However, DHI posted positive earnings surprises in two of the past four quarters, with an average surprise of 3.47%.

Currently, DHI has a Zacks Rank #2 (Buy), but that could definitely change following D.R. Horton’ earnings report which was just released. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

D R HORTON INC Price and EPS Surprise

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

We have highlighted some of the key stats from this just-revealed announcement below:

Earnings: DHI missed on earnings. Our consensus earnings estimate called for EPS of 77 cents/share, and the company reported EPS pf 75 cents per share. Investors should note that these figures take out special items.

Revenues: DHI reported total revenue (homebuilding and financial services) of $3.74 billion. This missed our consensus estimate of $3.67 billion.

Key Stats to Note: New home orders increased 3% in the quarter.

Share price: Shares declined 1.77% in pre-market trading at the time of writing.

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

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