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Compared to Estimates, D.R. Horton (DHI) Q3 Earnings: A Look at Key Metrics

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D.R. Horton (DHI - Free Report) reported $9.23 billion in revenue for the quarter ended June 2025, representing a year-over-year decline of 7.4%. EPS of $3.36 for the same period compares to $4.10 a year ago.

The reported revenue represents a surprise of +5.13% over the Zacks Consensus Estimate of $8.78 billion. With the consensus EPS estimate being $2.90, the EPS surprise was +15.86%.

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: 23,160 versus the 16-analyst average estimate of 22,136.
  • Net sales order - Homes sold: 23,071 versus the 16-analyst average estimate of 22,163.
  • Sales order backlog - Homes in backlog: 14,075 compared to the 14,273 average estimate based on 15 analysts.
  • Sales order backlog - Value: $5.34 billion compared to the $5.63 billion average estimate based on 11 analysts.
  • Net sales order - Value: $8.42 billion compared to the $8.29 billion average estimate based on nine analysts.
  • Revenues- Home sales- Homebuilding: $8.56 billion versus the 16-analyst average estimate of $8.2 billion. The reported number represents a year-over-year change of -7.3%.
  • Revenues- Rental: $380.7 million versus $285.77 million estimated by 16 analysts on average. Compared to the year-ago quarter, this number represents a -8% change.
  • Revenues- Financial Services: $227.8 million versus the 16-analyst average estimate of $222.27 million. The reported number represents a year-over-year change of -6%.
  • Revenues- Homebuilding: $8.58 billion compared to the $8.22 billion average estimate based on 12 analysts. The reported number represents a change of -7.2% year over year.
  • Revenues- Land/lot sales and other- Homebuilding: $19.8 million compared to the $17.41 million average estimate based on 11 analysts. The reported number represents a change of +92.2% year over year.
  • Revenues- Forestar: $390.5 million versus the six-analyst average estimate of $350.64 million. The reported number represents a year-over-year change of +22.6%.
  • Revenues- Eliminations and Other: $-354.1 million versus $-326.87 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +41.5% change.

View all Key Company Metrics for D.R. Horton here>>>

Shares of D.R. Horton have returned +2% over the past month versus the Zacks S&P 500 composite's +5.9% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

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