D.R. Horton Inc. Meets Q1 Earnings, Revenue Miss
D.R. Horton Inc. (DHI - Analyst 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 is well positioned to meet improving housing demand, backed by solid community count, strong backlog position and well stocked inventory of homes.
Investors should note the recent earnings estimate movements for DHI has been stable. However, DHI posted positive earnings surprises in all the past four quarters, with an average surprise of 9.31%.
Currently, DHI has a Zacks Rank #3 (Buy), but that could definitely change following D.R. Horton’ earnings report which was just released. We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: DHI reported in line earnings. Our consensus earnings estimate called for EPS of $0.42/share, and the company reported the same. Investors should note that these figures take out special items.
Revenues: DHI reported total revenue (homebuilding and financial services) of $2.42 million. This missed our consensus estimate of $2.45 million.
Key Stats to Note: New home orders increased 9% in the quarter.
Share price: In-active in pre-market trading.
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Didn't it beat estimates according to CNBC?