Shares of D.R. Horton (DHI -9.24%) fell 9.2% on Tuesday after the country's largest homebuilder announced mixed quarterly results relative to expectations.Falling home prices put a dent in D.R. Horton's profitsFor its fiscal first quarter of 2024 ended Dec. 31, 2023, revenue grew 6.5% year over year to $7.73 billion, translating to net income of $947.4 million, or $2.82 per share. Analysts, on average, were modeling slightly higher earnings of $2.88 per share on lower revenue of $7.59 billion. Digging deepe ...

D.R. Horton, Inc. (DHI) reported first-quarter fiscal 2024 (ended Dec 31, 2023) results, wherein earnings missed the Zacks Consensus Estimate, but revenues surpassed the same.Shares of the company plunged 6.1% in the pre-market trading session on Jan 23.On a year-over-year basis, both the top and bottom lines increased. The upside was backed by the supply of both new and existing homes as affordable price points remain limited, and robust housing demand supported by favorable demographics amid elevated infl ...

Key TakeawaysHomebuilder stocks lost ground Tuesday after D.R. Horton Inc. missed profit estimates, citing incentives and lower prices it offered to draw in buyers.D.R. Horton's margins were lower than expected as it tried to keep costs down with mortgage rates the highest they've been in several years.D.R. Horton raised its outlook for 2024 home sales, anticipating a rise in demand even with high borrowing costs.Homebuilder stocks tumbled Tuesday after D.R. Horton Inc. (DHI), the largest U.S. homebuilder b ...

Shares of D.R. Horton Inc. were suffering the biggest selloff in nearly four years on Tuesday, after the homebuilder missed profit expectations, as elevated incentives to buy new homes ate into margins.And given current affordability challenges, that pressure on margins, and therefore profitability, is likely to continue in the near term, the company said.The stock DHI, -9.58% tumbled 9.6% toward a six-week low in midday trading, which puts it on track to suffer the biggest one-day drop since the record 20. ...

Pre-market futures are mixed at this hour, coming off two strong trading days as Q4 earnings season begins to hit its stride. The Dow is -0.55% currently, while the S&P 500 and Nasdaq are +0.21% and +0.36%, respectively. We don’t see any major economic reports out this Tuesday, but we do see plenty of household-name corporations having reported earnings ahead of today’s opening bell.Johnson & Johnson (JNJ) outpaced estimates on both top and bottom lines for Q4, with earnings of $2.29 per share beating the Z ...

Pre-market futures are mixed at this hour, coming off two strong trading days as Q4 earnings season begins to hit its stride. The Dow is -0.55% currently, while the S&P 500 and Nasdaq are +0.21% and +0.36%, respectively. We don’t see any major economic reports out this Tuesday, but we do see plenty of household-name corporations having reported earnings ahead of today’s opening bell.Johnson & Johnson (JNJ) outpaced estimates on both top and bottom lines for Q4, with earnings of $2.29 per share beating the Z ...

D.R. Horton, Inc. (NYSE:DHI) Q1 2024 Earnings Conference Call January 23, 2023 8:30 AM ET Company Participants Jessica Hansen - VP, IR David V. Auld - Vice Chairman of the Board Paul J. Romanowski - President and CEO Michael J. Murray - EVP and COO Bill W. Wheat - EVP and CFO Conference Call Participants Stephen Kim - Evercore ISI Carl Reichardt - BTIG John Lovallo - UBS Joseph Ahlersmeyer - Deutsche Bank Michael Rehaut - J.P. Morgan Truman Patterson - Wolfe Research Eric Bosshard - Cleveland Research Compa ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended December 31, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition Period From To Commission File Number: 1-14122 D.R. Horton, Inc. (Exact name of registrant as specified in its charter) Delaware 75-2386963 (State or other jurisdictio ...

D.R. Horton (DHI) reported $7.73 billion in revenue for the quarter ended December 2023, representing a year-over-year increase of 6.5%. EPS of $2.82 for the same period compares to $2.76 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $7.62 billion, representing a surprise of +1.35%. The company delivered an EPS surprise of -2.08%, with the consensus EPS estimate being $2.88.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and h ...

Investor Presentation 118 Markets Forward-Looking Statements This presentation may include “forward‐looking statements” as defined by the Private Securities Litigation Reform Act of 1995. Although D.R. Horton believes any such statements are based on reasonable assumptions, there is no assurance that actual outcomes will not be materially different. Factors thatmaycausetheactualresultstobemateriallydifferentfromthefutureresultsexpressedbytheforward‐lookingstatementsinclude,butarenotlimited to: the cyclical ...