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D.R. Horton (DHI) Dips More Than Broader Market: What You Should Know
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D.R. Horton (DHI - Free Report) closed the most recent trading day at $135.57, moving -2.42% from the previous trading session. This move lagged the S&P 500's daily loss of 0.59%. Meanwhile, the Dow experienced a drop of 0.6%, and the technology-dominated Nasdaq saw a decrease of 0.65%.
Heading into today, shares of the homebuilder had lost 4.73% over the past month, outpacing the Construction sector's loss of 9.47% and lagging the S&P 500's loss of 1.37%.
The upcoming earnings release of D.R. Horton will be of great interest to investors. On that day, D.R. Horton is projected to report earnings of $3.06 per share, which would represent year-over-year growth of 0.66%. Alongside, our most recent consensus estimate is anticipating revenue of $9.04 billion, indicating a 6.59% downward movement from the same quarter last year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $10.45 per share and a revenue of $32.81 billion, signifying shifts of -9.68% and -4.2%, respectively, from the last year.
Investors might also notice recent changes to analyst estimates for D.R Horton. These revisions help to show the ever-changing nature of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 0.06% lower. Currently, D.R. Horton is carrying a Zacks Rank of #3 (Hold).
From a valuation perspective, D.R. Horton is currently exchanging hands at a Forward P/E ratio of 13.29. This denotes a premium relative to the industry average Forward P/E of 12.93.
Investors should also note that DHI has a PEG ratio of 2.21 right now. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The average PEG ratio for the Building Products - Home Builders industry stood at 2.57 at the close of the market yesterday.
The Building Products - Home Builders industry is part of the Construction sector. This group has a Zacks Industry Rank of 197, putting it in the bottom 20% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
View the Zacks #1 Rank List
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D.R. Horton (DHI) Dips More Than Broader Market: What You Should Know
D.R. Horton (DHI - Free Report) closed the most recent trading day at $135.57, moving -2.42% from the previous trading session. This move lagged the S&P 500's daily loss of 0.59%. Meanwhile, the Dow experienced a drop of 0.6%, and the technology-dominated Nasdaq saw a decrease of 0.65%.
Heading into today, shares of the homebuilder had lost 4.73% over the past month, outpacing the Construction sector's loss of 9.47% and lagging the S&P 500's loss of 1.37%.
The upcoming earnings release of D.R. Horton will be of great interest to investors. On that day, D.R. Horton is projected to report earnings of $3.06 per share, which would represent year-over-year growth of 0.66%. Alongside, our most recent consensus estimate is anticipating revenue of $9.04 billion, indicating a 6.59% downward movement from the same quarter last year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $10.45 per share and a revenue of $32.81 billion, signifying shifts of -9.68% and -4.2%, respectively, from the last year.
Investors might also notice recent changes to analyst estimates for D.R Horton. These revisions help to show the ever-changing nature of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 0.06% lower. Currently, D.R. Horton is carrying a Zacks Rank of #3 (Hold).
From a valuation perspective, D.R. Horton is currently exchanging hands at a Forward P/E ratio of 13.29. This denotes a premium relative to the industry average Forward P/E of 12.93.
Investors should also note that DHI has a PEG ratio of 2.21 right now. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The average PEG ratio for the Building Products - Home Builders industry stood at 2.57 at the close of the market yesterday.
The Building Products - Home Builders industry is part of the Construction sector. This group has a Zacks Industry Rank of 197, putting it in the bottom 20% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.