DHI Earnings Prediction
The chart below shows how DHI performed 10 days before and after its earnings report, based on data from the past quarters. Typically, DHI sees a -3.64% change in stock price 10 days leading up to the earnings, and a +1.52% change 10 days following the report. On the earnings day itself, the stock moves by +0.21%. This data can give you a slight idea of what to expect for the next quarter's release.
DHI Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
7.73B
6.45%
-26.45%
Gross Margin
26.04%
-4.82%
-4.41%
Operating Margin
16.23%
-8.51%
-17.15%
Net Margin
12.37%
-7.27%
-14.81%
EPS
2.82
2.17%
-36.63%
No Data Available
DHI Earnings Analysis
DR Horton Inc Corporation (DHI.N) Earnings Conference Call
Positive
Earnings and Profit Margin: Earnings per diluted share reached $2.61, with consolidated pre-tax income of $1.1 billion on revenues of $7.6 billion, reflecting a pre-tax profit margin of 14.6%.
Homebuilding Financial Performance: Homebuilding pre-tax return on inventory for the trailing 12 months was 26.7%, with a return on equity of 19.1% and return on assets of 13.4%, ranking in the top 15% of all S&P 500 companies.
Cash Flow and Shareholder Returns: Generated consolidated operating cash flow of $647 million and returned $1.2 billion to shareholders through share repurchases and dividends during the quarter.
Active Selling Communities Growth: The average number of active selling communities increased by 10% year-over-year, contributing to a stable sales environment with net sales orders decreasing only slightly by 1% from the prior year.
Shareholder Capital Return Plan: D.R. Horton plans to repurchase between $2.6 billion and $2.8 billion of common stock for the full year, alongside expected annual dividend payments of around $500 million, demonstrating a strong commitment to returning capital to shareholders.
Negative
Earnings Per Share Decline: Earnings per diluted share decreased 7% to $2.61 compared to $2.82 in the prior year quarter, indicating a decline in profitability.
Sales Order Decline: Net sales orders decreased 1% to 17,837 homes, with order value down 2% to $6.7 billion, reflecting a slowdown in demand.
Declining Gross Profit Margin: Gross profit margin on home sales revenues fell to 22.7%, down 90 basis points sequentially, attributed to higher incentive costs, with expectations for further declines in Q2.
Rising SG&A Expenses: Homebuilding SG&A expenses increased by 6% year-over-year, with SG&A as a percentage of revenues rising to 8.9%, indicating rising operational costs.
Rental Operations Performance: Rental operations generated only $12 million in pre-tax income on $218 million in revenues, reflecting a significant impact from capital market uncertainties and higher interest rates.
DHI FAQs
How does DHI typically perform around its earnings report dates?
Is Earnings call transcript: D.R. Horton beats Q1 2024 estimates, stock rises positive or negative?
How can historical earnings data help predict future stock performance?
DHI Earning Call Sentiment
Earnings call transcript: D.R. Horton beats Q1 2024 estimates, stock rises
DHI.N
-2.18%Positive
The earnings call presents mixed signals: decreased earnings and revenue, increased operational costs, and competitive pressures suggest challenges. However, significant share repurchases and dividends indicate confidence in shareholder returns. The Q&A highlights management's lack of transparency on certain margins, raising concerns. Overall, the sentiment is balanced by strong shareholder return plans and maintained guidance, resulting in a neutral outlook.
