Pre-market futures are positive across the board at this hour. We do see some discrepancies, depending on the index, particularly after this mornings earnings reports and economic prints have hit the tape: the Dow has moved from +50 points to +70, the Nasdaq has gone from +40 points to +25, and the S&P 500 has remained steady at +5 points so far in early trading. So far this week, all three indices are in the red over the past month — as of this past weekend.Initial Jobless Claims remain the steadiest of al ...

Exhibit 99.1 D.R. HORTON, INC., AMERICA’S BUILDER, REPORTS FISCAL 2024 SECOND QUARTER EARNINGS AND DECLARES QUARTERLY DIVIDEND OF $0.30 PER SHARE ARLINGTON, Texas (Business Wire) - April 18, 2024 Fiscal 2024 Second Quarter Highlights - comparisons to the prior year quarter • Net income increased 24% to $1.2 billion or $3.52 per diluted share • Consolidated pre-tax income increased 23% to $1.5 billion, with a pre-tax profit margin of 16.8% • Consolidated revenues increased 14% to $9.1 billion • Homes closed ...

Thursday, April 18th, 2024Pre-market futures are positive across the board at this hour. We do see some discrepancies, depending on the index, particularly after this mornings earnings reports and economic prints have hit the tape: the Dow has moved from +50 points to +70, the Nasdaq has gone from +40 points to +25, and the S&P 500 has remained steady at +5 points so far in early trading. So far this week, all three indices are in the red over the past month — as of this past weekend.Initial Jobless Claims ...

For the quarter ended March 2024, D.R. Horton (DHI) reported revenue of $9.11 billion, up 14.2% over the same period last year. EPS came in at $3.52, compared to $2.73 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $8.27 billion, representing a surprise of +10.19%. The company delivered an EPS surprise of +14.29%, with the consensus EPS estimate being $3.08.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street e ...

Key PointsD.R. Horton had another solid quarter and guided the market higher for 2024. The backlog is growing sequentially and supports accelerating growth: all they have to do is build the houses. Dividends, share repurchases, rising equity, and increasing book value will help drive this stock to new highs. 5 stocks we like better than D.R. HortonAs many reasons as there are to be skeptical of the rally in homebuilder stocks, names like D.R. Horton NYSE: DHI are trending higher and will continue to rise. T ...

Key TakeawaysD.R. Horton shares climbed ahead of market open Thursday, after the homebuilder reported second-quarter earnings that beat estimates.A number of D.R. Horton's key metrics rose from the year-ago period, including revenue, homes closed, and total net sales orders.Following D.R. Horton's earnings, a number of other homebuilders are set to report earnings over the next few weeks. D.R. Horton (DHI) shares climbed close to 4% in premarket trading Thursday after reporting second-quarter results that s ...

D.R. Horton (DHI) came out with quarterly earnings of $3.52 per share, beating the Zacks Consensus Estimate of $3.08 per share. This compares to earnings of $2.73 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 14.29%. A quarter ago, it was expected that this homebuilder would post earnings of $2.88 per share when it actually produced earnings of $2.82, delivering a surprise of -2.08%.Over the last four quarters, the company h ...

The housing market is feeling the squeeze as mortgage rates climb, deterring potential buyers and stalling the housing recovery. March's homebuilding data highlights this trend, with single-family homebuilding taking a hit.Permits for future construction and housing starts both fell short of expectations, reflecting the impact of rising mortgage rates on market activity. Builder hopes for lower interest rates have dimmed, complicating the outlook for the housing sector.Key TakeawaysAccording to Commerce Dep ...

NVR, Inc. (NVR) has been benefiting from improving demand amid low existing home inventory, prevailing economic conditions and interest rate woes.NVR, which engages in the construction and sale of single-family detached homes, townhomes and condominium buildings, banks on a disciplined business model and strong orders and backlog.Also, a focus on maximizing liquidity and minimizing risks is likely to help this Zacks Rank #1 (Strong Buy) company generate more returns for shareholders in the long term.Along w ...

D.R. Horton Inc. (DHI) is slated to report second-quarter fiscal 2024 (ended Mar 31, 2024) results on Apr 18, before the opening bell.In the last reported quarter, the company’s earnings missed the Zacks Consensus Estimate by 2.1%, but revenues beat the same by 1.4%, respectively. Yet, earnings and revenues of this homebuilding company grew 2% and 6.5% from the year-ago reported figures.Markedly, D.R. Horton reported better-than-expected earnings in 19 of the last 20 quarters.The Trend in Estimate RevisionT ...