The homebuilding sector is facing pressure today, after D.R. Horton (DHI) reported lackluster fiscal fourthquarter results and issued worse-than-expected 2025 guidance. As a result, DHI is heading for its worst day since March 2020, and sector peers Lennar Corp Class A (NYSE:LEN), KB Home (NYSE:KBH), and PulteGroup, Inc. (NYSE:PHM). Lennar stock was one of the worst stocks trading on the S&P 500 Index (SPX) this afternoon, though its pared some losses to trade 3.5% lower at $168.06, at last glance. While to ...

D.R. Horton, Inc. (NYSE:DHI) Q4 2024 Earnings Conference Call October 29, 2024 8:30 AM ET Company Participants Jessica Hansen - SVP, IR and Communications David Auld - Executive Chairman Paul Romanowski - President and CEO Michael Murray - EVP and COO Bill Wheat - EVP and CFO Conference Call Participants Stephen Kim - Evercore ISI Matthew Bouley - Barclays John Lovallo - UBS Carl Reichardt - BTIG Sam Reid - Wells Fargo Michael Rehaut - JPMorgan Alan Ratner - Zelman & Associates Eric Bosshard - Cleveland Res ...

Exhibit 99.1 D.R. HORTON, INC., AMERICA'S BUILDER, REPORTS FOURTH QUARTER AND FISCAL 2024 EARNINGS AND INCREASES QUARTERLY DIVIDEND TO $0.40 PER SHARE ARLINGTON, Texas (Business Wire) - October 29, 2024 Fiscal 2024 Fourth Quarter Highlights • Earnings per diluted share were $3.92 on net income of $1.3 billion • Consolidated pre-tax income of $1.7 billion, with a pre-tax profit margin of 17.1% • Consolidated revenues of $10.0 billion • Home sales revenues of $8.9 billion on 23,647 homes closed Fiscal 2024 Hi ...

D.R. Horton, Inc. (DHI) reported fourth-quarter fiscal 2024 (ended Sept. 30, 2024) results, with earnings and revenues missing Zacks Consensus Estimate and decreasing on a year-over-year basis. Shares of this Arlington, TX-based homebuilder lost 11.7% following the earnings release on Oct. 29. Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar. D.R. Horton's quarterly performance fell short of expectations primarily due to a combination of high mortgage rates and buyer hesitancy. Altho ...

Homebuilding stock D.R. Horton Inc (NYSE:DHI) is sinking today, following the company's disappointing fiscal fourth-quarter results and full-year guidance due to demand pressure. Earnings came in at $3.92 per share, missing analyst estimates of $4.17 cents per share, while revenue of $10 billion came in just below expectations of $10.22 billion. At last glance, DHI was down 9.2% at $163.83, and headed for its largest single-day percentage drop since March 2020 -- the time of the market's infamous Covid-19 c ...

Key TakeawaysD.R. Horton shares tumbled 12% Tuesday morning to lead S&P 500 decliners as the homebuilder's fourth-quarter results and 2025 outlook fell short of analysts' expectations.Quarterly revenue and profit both fell from last year, as the company said lower mortgage rates weren't driving sales as much as expected.The company's revenue projections for fiscal 2025 also came in well below estimates. Shares of homebuilder D.R. Horton (DHI) sank 12% Tuesday morning to lead S&P 500 decliners after the comp ...

For the quarter ended September 2024, D.R. Horton (DHI) reported revenue of $10 billion, down 4.8% over the same period last year. EPS came in at $3.92, compared to $4.45 in the year-ago quarter.The reported revenue represents a surprise of -2.43% over the Zacks Consensus Estimate of $10.25 billion. With the consensus EPS estimate being $4.20, the EPS surprise was -6.67%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street ex ...

D.R. Horton (DHI) came out with quarterly earnings of $3.92 per share, missing the Zacks Consensus Estimate of $4.20 per share. This compares to earnings of $4.45 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -6.67%. A quarter ago, it was expected that this homebuilder would post earnings of $3.80 per share when it actually produced earnings of $4.10, delivering a surprise of 7.89%.Over the last four quarters, the company ha ...

D.R. Horton Inc. (DHI) is slated to report fourth-quarter fiscal 2024 (ended Sept. 30, 2024) results on Oct. 29, before the opening bell. Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar. In the last reported quarter, the company's earnings and revenues beat the Zacks Consensus Estimate by 7.9% and 2.9%, respectively. Yet, earnings and revenues of this homebuilding company grew 5% and 2% from the year-ago reported figures. Markedly, D.R. Horton reported better-than-expected earnings ...

Analysts on Wall Street project that D.R. Horton (DHI) will announce quarterly earnings of $4.16 per share in its forthcoming report, representing a decline of 6.5% year over year. Revenues are projected to reach $10.25 billion, declining 2.4% from the same quarter last year.The consensus EPS estimate for the quarter has been revised 0.6% lower over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timef ...