NYSE:DHI - New York Stock Exchange, Inc. - US23331A1097 - Common Stock
Earnings per share stood at $2.61, beating consensus estimates of $2.35
D.R. Horton topped expectations in a turbulent housing market, despite year-over-year declines in revenue and net income.
Wall Street saw a strong preference for small and mid-cap equities, with the Russell 2000 index leading the market as investors bet on more domestic-friendly policies following Donald Trump's inauguration on Jan. 20 as the 47th U.S. president.
DHI earnings call for the period ending December 31, 2024.
These S&P500 stocks are moving in today's pre-market session
D.R. Horton, Inc. (NYSE:DHI) shares traded higher after the company reported first-quarter results. Sales fell 1% year-over-year to $7.61 billion, beating the consensus of $7.08 billion. EPS was $2.61, beating the consensus of $2.44. Net sales orders fell 1% Y/Y to 17,837 homes and decreased 2% in value to $6.7 billion. Homebuilding revenue declined 2% Y/Y to $7.2 billion. Homes closed in the quarter fell 1% Y/Y to 19,059 homes. Sales order backlog of homes under contract as of December 31, 2024
Homebuilder (NYSE:DHI) reported Q4 CY2024 results exceeding the market’s revenue expectations, but sales fell by 1.5% year on year to $7.61 billion. On the other hand, the company’s full-year revenue guidance of $36.75 billion at the midpoint came in 0.9% below analysts’ estimates. Its GAAP profit of $2.61 per share was 10% above analysts’ consensus estimates.
Wall Street analysts expect the company to post earnings per share of $2.35 on estimated revenues of $7.01 billion.
Homebuilder (NYSE:DHI) will be announcing earnings results tomorrow morning. Here’s what you need to know.
Homebuilder (NYSE:DHI) will be announcing earnings results tomorrow morning. Here’s what you need to know.
After reasonable pullbacks in their stock prices, these three real estate stocks could be strong buys in today's market, backed by fundamentals.