Compared to Estimates, D.R. Horton (DHI) Q4 Earnings: A Look at Key Metrics

Core Insights - D.R. Horton reported a revenue of $10 billion for the quarter ended September 2024, reflecting a 4.8% decline year-over-year and a surprise of -2.43% compared to the Zacks Consensus Estimate of $10.25 billion [1] - The earnings per share (EPS) was $3.92, down from $4.45 in the same quarter last year, with an EPS surprise of -6.67% against the consensus estimate of $4.20 [1] Financial Performance Metrics - Homes Closed: 23,647, below the analyst average estimate of 24,301 [3] - Net Sales Order - Homes Sold: 19,035, compared to the analyst average estimate of 20,333 [3] - Sales Order Backlog - Homes in Backlog: 12,180, versus the analyst average estimate of 12,899 [3] - Sales Order Backlog - Value: $4.77 billion, below the analyst average estimate of $5.11 billion [3] - Net Sales Order - Value: $7.15 billion, compared to the average estimate of $7.71 billion [3] - Revenues from Home Sales - Homebuilding: $8.93 billion, below the analyst estimate of $9.28 billion, representing a +1.7% change year-over-year [3] - Revenues from Financial Services: $222 million, below the analyst estimate of $242.77 million, with a +1.1% change year-over-year [3] - Revenues from Rental: $704.80 million, exceeding the analyst estimate of $592.24 million, but reflecting a -49.2% change year-over-year [3] - Revenues from Homebuilding: $8.95 billion, below the analyst estimate of $9.31 billion, with a +1.8% change year-over-year [3] - Revenues from Land/Lot Sales and Other - Homebuilding: $20.70 million, exceeding the analyst estimate of $16.82 million, representing a +21.1% change year-over-year [3] - Revenues from Forestar: $551.40 million, above the analyst estimate of $481.54 million, with a +0.3% change year-over-year [3] - Revenues from Eliminations and Other: -$425.70 million, worse than the analyst estimate of -$386.99 million, reflecting a -5% change year-over-year [3] Stock Performance - D.R. Horton shares have returned -5.5% over the past month, contrasting with the Zacks S&P 500 composite's +1.7% change [4] - The stock currently holds a Zacks Rank 4 (Sell), indicating potential underperformance relative to the broader market in the near term [4]