D.R. Horton (DHI) Reports Q1 Earnings: What Key Metrics Have to Say

Core Insights - D.R. Horton reported a revenue of $7.61 billion for the quarter ended December 2024, reflecting a decrease of 1.5% year-over-year, while EPS was $2.61, down from $2.82 in the previous year [1] - The revenue exceeded the Zacks Consensus Estimate of $7.13 billion by 6.79%, and the EPS also surpassed the consensus estimate of $2.40 by 8.75% [1] Financial Performance Metrics - Homes Closed: 19,059, exceeding the average estimate of 17,963 by 14 analysts [4] - Net Sales Order - Homes Sold: 17,837, slightly below the average estimate of 18,485 by 14 analysts [4] - Sales Order Backlog - Homes in Backlog: 11,003, lower than the average estimate of 12,871 by 12 analysts [4] - Sales Order Backlog - Value: $4.30 billion, below the average estimate of $5.03 billion by 12 analysts [4] - Net Sales Order - Value: $6.65 billion, compared to the average estimate of $6.97 billion by 10 analysts [4] Revenue Breakdown - Revenues from Home Sales - Homebuilding: $7.15 billion, exceeding the average estimate of $6.79 billion based on 16 analysts, representing a year-over-year change of -1.8% [4] - Revenues from Financial Services: $182.30 million, slightly above the average estimate of $180.88 million by 16 analysts, showing a -5.4% change year-over-year [4] - Revenues from Rental: $217.80 million, surpassing the average estimate of $207.44 million by 15 analysts, with a year-over-year increase of +11.5% [4] - Revenues from Land/Lot Sales and Other - Homebuilding: $21.20 million, exceeding the average estimate of $19.09 million by 10 analysts, reflecting a year-over-year change of +4.4% [4] - Revenues from Forestar: $250.40 million, below the average estimate of $324.69 million based on six analysts, indicating a year-over-year decline of -18.1% [4] - Revenues from Eliminations and Other: -$204.70 million, better than the average estimate of -$268.32 million by four analysts, representing a year-over-year change of -22.6% [4] Stock Performance - D.R. Horton shares have returned +5.4% over the past month, outperforming the Zacks S&P 500 composite's +1.2% change [3] - The stock currently holds a Zacks Rank 4 (Sell), suggesting potential underperformance relative to the broader market in the near term [3]