D.R. Horton Inc. DHI 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 expects to deliver strong performances on the back of its robust sales trends, solid community count, strong backlog position and well-stocked inventory of land, lots and homes. However, gross margin pressures remain.
Investors should note the recent earnings estimate for DHI has moved up 8% over the last 30 days for the current year. However, DHI posted positive earnings surprises in three of the past four quarters, with an average surprise of 5.01%.
Currently, DHI has a Zacks Rank #1 (Strong Buy), but that could definitely change following D.R. Horton’ earnings report which was just released. You can see the complete list of today’s Zacks #1 Rank stocks here.
D.R. Horton, Inc. Price and EPS Surprise
D.R. Horton, Inc. Price and EPS Surprise | D.R. Horton, Inc. Quote
We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: DHI reported fiscal first quarter adjusted earnings of 77 cents per share, beating the Zacks Consensus Estimate of 64 cents.
Revenues: DHI reported total revenue (homebuilding, Forestar and financial services) of $3.33 billion, surpassing the consensus estimate of $3.28 billion.
Key Stats to Note: New home orders increased 17% in value and 16% in homes in the quarter.
Check back later for our full write up on this DHI earnings report later!
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce ""the world's first trillionaires,"" but that should still leave plenty of money for regular investors who make the right trades early.
See Zacks' 3 Best Stocks to Play This Trend >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Be the first to comment