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

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For the quarter ended June 2026, D.R. Horton (DHI - Free Report) reported revenue of $9.23 billion, representing no change compared to the same period last year. EPS came in at $3.20, compared to $3.36 in the year-ago quarter.

The reported revenue represents a surprise of +0.46% over the Zacks Consensus Estimate of $9.18 billion. With the consensus EPS estimate being $2.99, the EPS surprise was +7.02%.

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:
  • Sales Order Backlog - Homes: 15,983 compared to the 17,190 average estimate based on 14 analysts.
  • Homes Closed - Homes: 23,983 versus 23,801 estimated by 14 analysts on average.
  • Net Sales Orders - Homes: 23,084 versus 24,109 estimated by 14 analysts on average.
  • Sales Order Backlog - Value: $6.18 billion compared to the $6.52 billion average estimate based on 11 analysts.
  • Net Sales Orders - Value: $8.44 billion versus the nine-analyst average estimate of $8.71 billion.
  • Revenues- Homebuilding- Home sales: $8.56 billion versus $8.61 billion estimated by 14 analysts on average. Compared to the year-ago quarter, this number represents a 0% change.
  • Revenues- Rental: $380.7 million versus $299.85 million estimated by 14 analysts on average. Compared to the year-ago quarter, this number represents a 0% change.
  • Revenues- Financial Services: $227.8 million compared to the $228.56 million average estimate based on 14 analysts. The reported number represents a change of 0% year over year.
  • Revenues- Homebuilding- Land/lot sales and other: $19.8 million versus the 12-analyst average estimate of $20.03 million. The reported number represents a year-over-year change of 0%.
  • Revenues- Homebuilding: $8.58 billion compared to the $8.64 billion average estimate based on 12 analysts. The reported number represents a change of 0% year over year.
  • Revenues- Forestar: $390.5 million compared to the $407.65 million average estimate based on seven analysts. The reported number represents a change of 0% year over year.
  • Revenues- Eliminations and Other: $-354.1 million compared to the $-341.61 million average estimate based on four analysts. The reported number represents a change of 0% year over year.

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

Shares of D.R. Horton have returned -7.2% over the past month versus the Zacks S&P 500 composite's -0.6% 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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