D.R. Horton (DHI) could be a solid choice for investors given its recent upgrade to a Zacks Rank #1 (Strong Buy). This rating change essentially reflects an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system.Indiv ...

Exhibit 99.1 D.R. HORTON, INC., AMERICA'S BUILDER, REPORTS FISCAL 2024 THIRD QUARTER EARNINGS AND DECLARES QUARTERLY DIVIDEND OF $0.30 PER SHARE ARLINGTON, Texas (Business Wire) - July 18, 2024 Fiscal 2024 Third Quarter Highlights - comparisons to the prior year quarter • Earnings per diluted share increased 5% to $4.10 on net income of $1.4 billion • Consolidated pre-tax income increased 1% to $1.8 billion, with a pre-tax profit margin of 18.1% • Consolidated revenues increased 2% to $10.0 billion • Homes ...

D.R. Horton, Inc. (DHI) reported third-quarter fiscal 2024 (ended Jun 30, 2024) results, with earnings and revenues surpassing Zacks Consensus Estimate. On a year-over-year basis, both the top and bottom lines increased.Despite elevated inflation and mortgage interest rates, D.R. Horton experienced strong performance in the fiscal third quarter due to the limited supply of both new and existing homes at affordable price points and favorable housing demand demographics. The company's strategic positioning wi ...

Key TakeawaysD.R. Horton beat analysts' expectations on earnings per share (EPS), revenue, and homes closed in its fiscal third quarter.The company narrowed its full-year revenue guidance but raised its homes closed estimate slightly.Executive chair David Auld said that "inflation and mortgage interest rates remain elevated." D.R. Horton (DHI) shares surged in intraday trading Thursday after the company topped third-quarter expectations on the top and bottom lines. The Arlington, Texas-based company reporte ...

D.R. Horton, Inc. (NYSE:DHI) Q3 2024 Earnings Conference Call July 18, 2024 8:30 AM ET Company Participants Jessica Hansen - Senior Vice President, Investor Relations and Communications David Auld - Executive Chairman Paul Romanowski - President and Chief Executive Officer Michael Murray - Executive Vice President and Chief Operating Officer Bill Wheat - Executive Vice President and Chief Financial Officer Conference Call Participants John Lovallo - UBS Carl Reichardt - BTIG Stephen Kim - Evercore ISI Micha ...

Thursday, July 18th, 2024Another Thursday morning, another Weekly Jobless Claims report. On an Initial Claims basis, we jump back up to where we were two weeks ago, to +243K new claims — a near-term high going back to August of last year. The previous week was upwardly revised slightly to +223K, which is where we had been much of this past spring. For sure, the sub-200K new jobless claims of late 2023 are clearly a thing of the past.Continuing Claims is arguably the more important data set. Here the news is ...

Loading...Loading...U.S. stocks traded higher this morning, with the Dow Jones index gaining around 40 points on Thursday.Following the market opening Thursday, the Dow traded up 0.10% to 41,238.64 while the NASDAQ rose 0.22% to 18,036.66. The S&P 500 also rose, gaining, 0.21% to 5,600.18.Check This Out: Top 3 Health Care Stocks Which Could Rescue Your Portfolio In JulyLeading and Lagging SectorsIndustrials shares jumped by 0.6% on Thursday.In trading on Thursday, health care shares fell by 0.4%.Top Headlin ...

D.R. Horton (DHI) came out with quarterly earnings of $4.10 per share, beating the Zacks Consensus Estimate of $3.80 per share. This compares to earnings of $3.90 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 7.89%. A quarter ago, it was expected that this homebuilder would post earnings of $3.08 per share when it actually produced earnings of $3.52, delivering a surprise of 14.29%.Over the last four quarters, the company ha ...

D.R. Horton Inc. (DHI) is slated to report third-quarter fiscal 2024 (ended Jun 30, 2024) results on Jul 18, before the opening bell.In the last reported quarter, the company’s earnings and revenues beat the Zacks Consensus Estimate by 14.3% and 10.2%, respectively. Yet, earnings and revenues of this homebuilding company grew 28.9% and 14% from the year-ago reported figures.Markedly, D.R. Horton reported better-than-expected earnings in 20 of the last 21 quarters.The Trend in Estimate RevisionThe Zacks Cons ...

The stock market breathed a sigh of relief last week when June’s inflation numbers came out. The Consumer Price Index fell 0.1% for the month, the first time inflation fell in four years. It signaled the Federal Reserve might cut interest rates, possibly as soon as September.Until then, things had been looking bleak with cuts not coming until December or even next year. But the more hopeful outlook ignited a rally amongst stocks that were hit hard by the Fed’s unprecedented rate increases.Yet there is still ...