DHI

The upcoming report from D.R. Horton (DHI) is expected to reveal quarterly earnings of $2.99 per share, indicating a decline of 11% compared to the year-ago period. Analysts forecast revenues of $9.18 billion, representing a decline of 0.4% year over year. The consensus EPS estimate for the quarter has undergone a downward revision of 0.2% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe. Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock. While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights. With that in mind, let's delve into the average projections of some D.R. Horton metrics that are commonly tracked and projected by analysts on Wall Street. It is projected by analysts that the 'Revenues- Homebuilding- Home sales' will reach $8.59 billion. The estimate suggests a change of +0.3% year over year. The collective assessment of analysts points to an estimated 'Revenues- Rental' of $297.62 million. The estimate indicates a change of -21.8% from the prior-year quarter. The average prediction of analysts places 'Revenues- Financial Services' at $228.92 million. The estimate indicates a year-over-year change of +0.5%. Analysts predict that the 'Revenues- Homebuilding' will reach $8.61 billion. The estimate indicates a change of +0.3% from the prior-year quarter. Analysts expect 'Geographic Revenues- Homebuilding- Northwest' to come in at $671.46 million. The estimate indicates a year-over-year change of -3.9%. Based on the collective assessment of analysts, 'Geographic Revenues- Homebuilding- North' should arrive at $1.23 billion. The estimate points to a change of +5.7% from the year-ago quarter. Analysts forecast 'Geographic Revenues- Homebuilding- Southwest' to reach $1.26 billion. The estimate suggests a change of +6.3% year over year. The consensus among analysts is that 'Geogr...

D.R. Horton Inc. DHI is slated to report results for the third quarter of fiscal 2026 (ended June 30, 2026) on July 21, before the opening bell.In the last quarter, the company’s earnings beat the Zacks Consensus Estimate by 4.2% but revenues missed the same by 1.3%. However, both metrics declined 13.2% and 2.3% from the year-ago reported figures.Markedly, D.R. Horton reported better-than-expected earnings in three of the trailing four quarters and missed on one occasion, the average surprise being 4.1%. The Zacks Consensus Estimate for the quarter’s earnings per share (EPS) has been unchanged at $2.99 over the past 60 days. The estimated figure indicates a decline of 11% from the year-ago reported EPS of $3.36.The consensus mark for revenues is $9.18 billion, indicating a 0.4% year-over-year decline. D.R. Horton, Inc. price-eps-surprise | D.R. Horton, Inc. Quote D.R. Horton’s fiscal third-quarter revenues are expected to have benefited from higher home closing volumes, supported by its broad geographic footprint, entry-level product mix and continued focus on affordability. During the fiscal second-quarter earnings call, management noted that sales followed normal seasonal trends through March and remained encouraging into April. The company also reported an 11% increase in net sales orders in the fiscal second quarter, providing a stronger backlog to support third-quarter deliveries.However, affordability constraints and cautious consumer sentiment likely remained the biggest headwinds for D.R. Horton’s fiscal third quarter. Elevated mortgage rates and higher ownership costs continued to pressure buyer affordability, prompting the company to maintain elevated sales incentives to support demand. Management has consistently indicated that incentive levels would remain high through the remainder of fiscal 2026, depending on mortgage rates and market conditions.Despite these challenges, revenues are expected to have improved sequentially, supported by higher home closings and solid order momentum. Management guided for fiscal third-quarter consolidated revenues of $8.8-$9.3 billion and home closings of 23,500-24,000 units, implying a meaningful increase from the second quarter's 19,486 closings.D.R. Horton's affordable, entry-level product mix, broad geographic footprint and disciplined operations likely supported home closings during the quarter. However, ele...

D.R. Horton (DHI) is expected to meet its fiscal Q3 gross margin guidance and exceed earnings per sh

D.R. Horton's (DHI) fiscal third-quarter earnings could exceed Wall Street's estimates amid steady h

With a market capitalization of $39.4 billion, D.R. Horton, Inc. (DHI) is the largest homebuilder in the United States by volume, specializing in the construction and sale of single-family homes for a broad range of buyers, including first-time homeowners, move-up buyers, active adults, and luxury homebuyers. Headquartered in Arlington, Texas, the company operates in more than 120 markets across 36 U.S. states under brands such as D.R. Horton, Emerald Homes, Express Homes, and Freedom Homes. The homebuilding titan is expected to release its Q3 2026 earnings on Tuesday, July 21, before the market opens. Ahead of the event, analysts expect the company’s EPS to be $3 on a diluted basis, down 10.7% from $3.36 in the year-ago quarter. The company has exceeded Wall Street’s EPS estimates in three of its last four quarters, while missing them in another one. Billionaire Mark Cuban Asks If AI ‘Collapses’ And Data Centers Turn Into ‘Chuck E Cheeses,’ Would That ‘Create A Revival Of Jobs?’ As Trump Doubles Down on Quantum Computing, This Is the Top-Performing Stock to Buy YTD Why Verizon, AT&T, and T-Mobile Should Be Terrified of Elon Musk’s Next Move Stop Missing Market Moves: Get the FREE Barchart Brief – your midday dose of stock movers, trending sectors, and actionable trade ideas, delivered right to your inbox. Sign Up Now! For fiscal 2026, analysts project the company’s EPS to be $10.61, down 8.3% from $11.57 in fiscal 2025. However, its EPS is expected to rise by 12.7% year over year to $11.96 in fiscal 2027. DHI stock has surged 30.8% over the past 52 weeks, outperforming the S&P 500 Index’s ($SPX) 19.8% rise and the State Street Consumer Cyclical Select Sector SPDR ETF’s (XLY) 6.4% return during the same time frame. On June 24, DHI shares popped 6.9% after Congress passed the bipartisan 21st Century ROAD to Housing Act, a landmark housing-supply bill aimed at reducing construction costs and easing regulatory hurdles. The legislation is expected to support homebuilders like D.R. Horton by boosting long-term building activity and directing more demand toward new homes. Analysts are neutral on DHI, with the stock currently rated “Hold.” Among the 20 analysts covering the stock, four are recommending a “Strong Buy,” 15 suggest a “Hold,” and one recommends a “Strong Sell” for the stock. DHI’s average analyst price target is $170.07, indicating an upside of 2.3% fr...

Quarterly earnings results are a good time to check in on a company’s progress, especially compared to its peers in the same sector. Today we are looking at D.R. Horton (NYSE:DHI) and the best and worst performers in the home builders industry. Traditionally, homebuilders have built competitive advantages with economies of scale that lead to advantaged purchasing and brand recognition among consumers. Aesthetic trends have always been important in the space, but more recently, energy efficiency and conservation are driving innovation. However, these companies are still at the whim of the macro, specifically interest rates that heavily impact new and existing home sales. In fact, homebuilders are one of the most cyclical subsectors within industrials. The 11 home builders stocks we track reported a slower Q1. As a group, revenues missed analysts’ consensus estimates by 1%. Amidst this news, share prices of the companies have had a rough stretch. On average, they are down 7.9% since the latest earnings results. One of the largest homebuilding companies in the U.S., D.R. Horton (NYSE:DHI) builds a variety of new construction homes across multiple markets. D.R. Horton reported revenues of $7.56 billion, down 2.3% year on year. This print fell short of analysts’ expectations by 0.7%. Overall, it was a mixed quarter for the company with a solid beat of analysts’ adjusted operating income estimates. David Auld, Executive Chairman, said: “The D.R. Horton team delivered a solid second quarter, highlighted by a pre-tax profit margin of 11.5%, above the high end of our guidance range." The stock is down 7.2% since reporting and currently trades at $142.26. Is now the time to buy D.R. Horton? Access our full analysis of the earnings results here, it’s free. Named “America’s Most Trusted Home Builder” in 2019, Taylor Morrison Home (NYSE:TMHC) builds single family homes and communities across the United States. Taylor Morrison Home reported revenues of $1.39 billion, down 26.8% year on year, outperforming analysts’ expectations by 4.1%. The business had an incredible quarter with a beat of analysts’ EPS and adjusted operating income estimates. Although it had a fine quarter compared to its peers, the market seems unhappy with the results as the stock is down 7.2% since reporting. It currently trades at $57.49. Is now the time to buy Taylor Morrison Home? Access our full a...

ARLINGTON, Texas, May 19, 2026--(BUSINESS WIRE)--As previously announced, D.R. Horton, Inc. (NYSE:DHI), America’s Builder, will release financial results for its third quarter ended June 30, 2026 on Tuesday, July 21, 2026 before the market opens. The Company will host a conference call that morning at 8:30 a.m. Eastern Time (ET). The dial-in number is 888-506-0062. When calling, please reference access code 832533. Participants are encouraged to call in five minutes before the call begins (8:25 a.m. ET). The call will also be webcast from the Company’s website at investor.drhorton.com. A replay of the call will be available after 12:30 p.m. ET on Tuesday, July 21, 2026 at 877-481-4010. When calling, please reference replay passcode 54062. The teleconference replay will be available through July 28, 2026. The webcast replay will be available from the Company’s website at investor.drhorton.com through November 15, 2026. About D.R. Horton, Inc. D.R. Horton, Inc., America’s Builder, has been the largest homebuilder by volume in the United States since 2002 and has closed more than 1.2 million homes in its 47-year history. D.R. Horton has operations in 126 markets in 36 states across the United States and is engaged in the construction and sale of high-quality homes through its diverse product portfolio with sales prices generally ranging from $200,000 to over $1,000,000. The Company also constructs and sells both single-family and multi-family rental properties. During the twelve-month period ended March 31, 2026, D.R. Horton closed 83,832 homes in its homebuilding operations, in addition to 3,593 single-family rental homes and 2,359 multi-family rental units in its rental operations. D.R. Horton also provides mortgage financing, title services and insurance agency services for its homebuyers and is the majority-owner of Forestar Group Inc., a publicly traded national residential lot development company. View source version on businesswire.com: https://www.businesswire.com/news/home/20260519786779/en/ Contacts Jessica Hansen, 817-390-8200Senior Vice President - [email protected]

Toll Brothers, Inc. TOL is scheduled to report its second-quarter fiscal 2026 (ended April 30, 2026) results on May 19, after market close. The quarter is likely to reflect demand trends in the luxury housing market, pricing power, margins and the company’s ability to manage incentives in a still-challenging affordability environment. In the last reported quarter, the company’s adjusted earnings and revenues beat the Zacks Consensus Estimate by 6.8% and 16.4%, respectively. The top and bottom lines also increased on a year-over-year basis by 15.4% and 25.1%, respectively. TOL’s earnings surpassed estimates in three of the trailing four quarters and missed on one occasion, with an average surprise of 6.8%. The Zacks Consensus Estimate for fiscal second-quarter earnings per share (EPS) has remained unchanged at $2.57 in the past 60 days. The estimate indicates 26.6% year-over-year decline. The consensus estimate for total revenues is pegged at $2.41 billion, indicating a 12.1% year-over-year decline. Toll Brothers Inc. price-eps-surprise | Toll Brothers Inc. Quote Toll Brothers’ fiscal second-quarter revenues are expected to have benefited from resilient luxury housing demand, healthy pricing and higher community count. Management projected fiscal second-quarter deliveries in the range of 2,400-2,500 homes, which indicates a year-over-year decline from 2,899 homes delivered in the prior-year quarter. However, the company guided the average delivered price between $975,000 and $985,000, reflecting growth from $933,700 reported in the year-ago quarter. Our model predicts home deliveries to be down 15.4% year over year to 2,453 units. We expect the average selling price of the delivered units to be up 4.5% year over year to $975,900 in the fiscal second quarter. The company entered the quarter with improved sales momentum. Management noted that web traffic, foot traffic and deposits improved modestly year over year beginning in mid-January, supported by the spring selling season. Toll Brothers’ affluent customer base likely continued to support demand despite elevated mortgage rates and affordability pressures across the broader housing market. Approximately 24% of first-quarter buyers paid all cash, while mortgage buyers maintained low leverage levels. Strength in the luxury move-up segment and continued momentum in the North and Pacific regions are also likely...

Find winning stocks in any market cycle. Join 7 million investors using Simply Wall St's investing ideas for FREE. D.R. Horton (DHI) is back in the spotlight after reporting second quarter and first half fiscal 2026 results that showed lower sales and earnings versus a year earlier, raising fresh questions about its earnings power. See our latest analysis for D.R. Horton. The stock has been choppy around the latest results, with a 1-day share price return of -2.52% and a 7-day share price return of -5.87%. The 1-year total shareholder return of 20.37% points to longer term momentum that has not fully carried through in the shorter term. If the recent earnings wobble has you reassessing your options, it could be a good moment to broaden your watchlist and check out 17 top founder-led companies With earnings under pressure, but a history of positive multi year returns and fresh guidance on the table, is D.R. Horton now trading below what the fundamentals suggest, or is the current price already factoring in any future growth? D.R. Horton’s most followed valuation narrative pegs fair value at about $160.50 per share, compared with the last close of $149.98. This frames the latest pullback in a different light. Read the complete narrative. The key assumptions behind that fair value lean heavily on how far revenue can grow, where margins ultimately settle, and what earnings multiple investors are prepared to pay. Want to see how those moving parts come together, and which inputs do most of the heavy lifting in this model? Result: Fair Value of $160.50 (UNDERVALUED) Have a read of the narrative in full and understand what's behind the forecasts. However, you still need to factor in pressure from incentives driven by affordability concerns and the potential for higher land and inventory impairments if conditions weaken. Find out about the key risks to this D.R. Horton narrative. Not everyone agrees with the $160.50 fair value from the earnings based narrative. Our DCF model, which focuses on projected cash flows, arrives at a value of $141.42 per share. This implies D.R. Horton is trading above this estimate and could be overvalued on this lens. The gap between an earnings based fair value and a lower cash flow estimate highlights the importance of how confident you are in long term cash generation versus nearer term earnings power, and which lens you trust more wh...

(Bloomberg) -- First-quarter earnings season is delivering Wall Street better-than-expected results, propelling US equities’ run from one record to the next. Most Read from Bloomberg Supertanker Appears to Have Crossed the Strait of Hormuz World’s Largest Container Carrier Plans Route Avoiding Hormuz Beijing Tells China Firms to Ignore US Sanctions on Refiners Philippines Says Thousands Evacuated as Mayon Volcano Erupts Iran Juggles Oil Cuts and Storage Strain to Resist US Blockade As earnings wind down for two-thirds of the stocks in the S&P 500 Index, the proportion of companies missing analysts’ estimates is hovering at the lowest level since 2021. It’s not just due to blowout earnings from technology giants, which were expected to lead the charge. S&P 500 companies outside of the tech realm have been posting the sharpest positive earnings surprises since the fourth quarter of 2024, according to Seaport Research Partners. For Wall Street investors, that’s a vote of confidence in Corporate America’s profit machine, which keeps humming along despite an oil price shock, tariff turmoil and rising worries about the health of the US consumer. “As I look at how companies have reported results, I would argue that resilient is almost too modest of a word. There’s real, obvious strength,” said Marta Norton, chief market strategist at Empower. “The foundation of the economy is proving to be very, very strong.” The strength is showing up across sectors. Small caps are on a tear, bank profits are booming and firms keep plowing past macroeconomic obstacles, though some worries still linger. Here are five themes that investors are watching play out in this reporting period: Spending Spree Microsoft Corp., Amazon.com Inc., Alphabet Inc., Meta Platforms Inc. and Apple Inc. — which make up roughly a quarter of the S&P 500’s total market capitalization — were the headliners this week. Their earnings were generally better than expected, though Meta and Microsoft retreated amid concerns around the companies’ capital spending plans. Meanwhile, the rally in semiconductor stocks extended. Intel Corp. topped the leaderboard, soaring 114% in April, helped by an estimate-shattering sales forecast. Texas Instruments Inc. was also a notable earnings-driven gainer. After soaring nearly 50% during an 18-session winning streak last month the Philadelphia Semiconductor Index, or SOX, clo...

Martin Marietta Materials, Inc. MLM reported lower-than-expected results for the first quarter of 2026. The quarterly earnings (from continuing operations) missed the Zacks Consensus Estimate, while revenues beat the same, with the top line growing on a year-over-year basis but the bottom line declining. Following the results, MLM stock moved up 1.2% during today’s pre-market trading session. The company’s performance was supported by strong infrastructure demand and an early start to the construction season, driving higher aggregates shipments. However, elevated costs, acquisition-related charges and margin pressures weighed on profitability. The Aggregates business remained the key growth driver during the quarter, benefiting from increased shipments and contributions from recent acquisitions. However, higher input costs, freight expenses and inventory-related charges hurt margins, limiting earnings growth. Nonetheless, Martin Marietta remains well-positioned with its aggregates-led platform and execution of the SOAR 2030 initiatives for long-term growth. The company reported earnings per share (EPS) from continuing operations of $1.31, which missed the Zacks Consensus Estimate of $1.76 by 25.6%. The metric also declined 22.9% from the year-ago quarter’s EPS of $1.70. Revenues of $1.36 billion beat the consensus mark of $1.30 billion by 4.6% and increased 17% from the year-ago figure of $1.16 billion. Martin Marietta Materials, Inc. price-consensus-eps-surprise-chart | Martin Marietta Materials, Inc. Quote Consolidated gross margin contracted 440 basis points (bps) year over year to 22.8% from 27.1% in the prior-year quarter. Adjusted EBITDA from continuing operations was $364 million, up 14% year over year, with adjusted EBITDA margin contracting 70 bps to 26.7%. Adjusted earnings per share increased 14% to $1.93. Building Materials reported revenues of $1.22 billion, which grew 13.4% year over year. The segment’s gross margin contracted 370 bps year over year to 22.3% from 25.9% in the prior-year quarter. Within the Building Materials umbrella, revenues from the Aggregates business grew 14% to $1.14 billion from the year-ago quarter. Aggregates shipments moved up 12.4% year over year to 43.9 million tons, while the average selling price per ton remained flat at $23.70. Aggregates’ gross profit declined 3% to $288 million, with gross margin contracting 44...

D.R. Horton’s second quarter missed Wall Street’s revenue expectations and posted a year-over-year sales decline. Management attributed this to disciplined capital allocation, effective inventory reduction, and strong demand from first-time homebuyers. CEO Paul Romanowski highlighted that the company’s focus on affordable product offerings and operational efficiency allowed it to deliver a consolidated pretax profit margin above the high end of its guidance range, even as affordability constraints and consumer caution continued to weigh on the broader housing market. The company’s ability to reduce completed unsold homes by 35% year-over-year and sustain returns on equity and assets was emphasized as key to navigating the challenging environment. Is now the time to buy DHI? Find out in our full research report (it’s free). Revenue: $7.56 billion vs analyst estimates of $7.61 billion (2.3% year-on-year decline, 0.7% miss) Adjusted EPS: $2.24 vs analyst estimates of $2.12 (5.6% beat) Adjusted EBITDA: $828.1 million vs analyst estimates of $885.4 million (11% margin, 6.5% miss) The company dropped its revenue guidance for the full year to $34 billion at the midpoint from $34.25 billion, a 0.7% decrease Operating Margin: 10.6%, down from 12.9% in the same quarter last year Backlog: $6.42 billion at quarter end, up 16.8% year on year Market Capitalization: $45.18 billion While we enjoy listening to the management's commentary, our favorite part of earnings calls are the analyst questions. Those are unscripted and can often highlight topics that management teams would rather avoid or topics where the answer is complicated. Here is what has caught our attention. Alan Ratner (Zelman): Asked about the stability of gross margins in light of construction cost trends and potential inflation from higher oil prices. CFO Bill Wheat explained that cost reductions from trade negotiations are flowing through, but a sustained oil price surge could create headwinds. Stephen Kim (Evercore ISI): Questioned whether elevated sales incentives are becoming a permanent fixture and how ARMs and buydowns impact gross margins. CEO Paul Romanowski noted incentives are about 10% of revenue and will remain elevated until rates or demand improve, with limited margin impact from ARMs. Ryan Gilbert (BTIG): Inquired about the earlier sale of homes under construction and its effect on margins an...