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D.R. Horton (DHI) Reports Q2 Earnings: What Key Metrics Have to Say

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D.R. Horton (DHI - Free Report) reported $7.56 billion in revenue for the quarter ended March 2026, representing a year-over-year decline of 2.3%. EPS of $2.24 for the same period compares to $2.58 a year ago.

The reported revenue represents a surprise of -1.33% over the Zacks Consensus Estimate of $7.66 billion. With the consensus EPS estimate being $2.15, the EPS surprise was +3.99%.

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.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

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 - Homes: 19,486 versus the 16-analyst average estimate of 19,960.
  • Net Sales Orders - Homes: 24,992 versus the 16-analyst average estimate of 23,712.
  • Sales Order Backlog - Homes: 16,882 compared to the 15,185 average estimate based on 15 analysts.
  • Sales Order Backlog - Value: $6.42 billion versus the 11-analyst average estimate of $5.73 billion.
  • Net Sales Orders - Value: $9.15 billion compared to the $8.62 billion average estimate based on nine analysts.
  • Revenues- Homebuilding- Home sales: $7.05 billion versus the 16-analyst average estimate of $7.22 billion. The reported number represents a year-over-year change of -1.9%.
  • Revenues- Rental: $211.8 million compared to the $169.77 million average estimate based on 16 analysts. The reported number represents a change of -10.5% year over year.
  • Revenues- Financial Services: $192.8 million versus $205.54 million estimated by 16 analysts on average. Compared to the year-ago quarter, this number represents a -9.4% change.
  • Revenues- Homebuilding: $7.06 billion versus the 13-analyst average estimate of $7.23 billion. The reported number represents a year-over-year change of -1.9%.
  • Revenues- Homebuilding- Land/lot sales and other: $17.7 million versus the 12-analyst average estimate of $20.15 million. The reported number represents a year-over-year change of -19.6%.
  • Revenues- Forestar: $374.3 million versus the seven-analyst average estimate of $373.16 million. The reported number represents a year-over-year change of +6.6%.
  • Revenues- Eliminations and Other: $-284 million compared to the $-280.52 million average estimate based on four analysts. The reported number represents a change of +5.4% year over year.

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

Shares of D.R. Horton have returned +10.5% over the past month versus the Zacks S&P 500 composite's +9.3% 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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