D.R. Horton (DHI) Q1 Earnings Expected to Drop to $1.92
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 9h ago
0mins
Source: Benzinga
- Earnings Decline: D.R. Horton anticipates Q1 earnings of $1.92 per share, down from $2.61 a year ago, indicating pressures from weakened market demand and rising costs.
- Revenue Expectations Drop: The company expects quarterly revenue of $6.65 billion, down from $7.61 billion last year, highlighting a potential downturn in the real estate market affecting overall performance.
- Previous Performance Review: On October 28, the company reported quarterly revenue of $9.7 billion, exceeding analyst expectations of $9.4 billion, although earnings per share of $3.04 fell short of the $3.28 consensus forecast, indicating performance volatility.
- Analyst Rating Changes: Several analysts have adjusted their ratings on DHI, with Citigroup lowering the price target from $163 to $154, reflecting a cautious outlook on future performance and an overall conservative market sentiment.
Analyst Views on DHI
Wall Street analysts forecast DHI stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for DHI is 160.18 USD with a low forecast of 110.00 USD and a high forecast of 195.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
12 Analyst Rating
4 Buy
6 Hold
2 Sell
Hold
Current: 161.000
Low
110.00
Averages
160.18
High
195.00
Current: 161.000
Low
110.00
Averages
160.18
High
195.00
About DHI
D.R. Horton, Inc. is a homebuilding company. The Company constructs and sells homes through its operating divisions in 125 markets across 36 states. The Company’s segments include Homebuilding, Rental, Forestar, Financial Services, and Other. The Homebuilding divisions are primarily engaged in the acquisition and development of land and the construction and sale of residential homes. The Company’s rental segment consists of single-family and multifamily rental operations. The single-family rental operations construct and lease single-family homes within a community and then generally market each community for a bulk sale of rental homes. The Forestar segment is a residential lot development company with operations in 59 markets across 24 states. The Financial services segment provides mortgage financing and title agency services to homebuyers in many of the Company’s homebuilding markets. It also conducts insurance-related operations.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
