Curious about D.R. Horton (DHI) Q1 Performance?

Core Viewpoint - D.R. Horton (DHI) is expected to report a significant decline in quarterly earnings and revenues, reflecting broader challenges in the housing market [1]. Earnings Estimates - The anticipated earnings per share (EPS) for D.R. Horton is $1.96, representing a decline of 24.9% year-over-year [1]. - Analysts have revised the consensus EPS estimate 1.7% lower over the past 30 days, indicating a reevaluation of expectations [1][2]. Revenue Projections - Total revenues are forecasted to be $6.71 billion, which is an 11.9% decrease compared to the previous year [1]. - Specific revenue segments are projected as follows: - Financial Services revenues are expected to reach $163.74 million, down 10.2% year-over-year [4]. - Home sales from Homebuilding are estimated at $6.28 billion, reflecting a 12.1% decline [4]. - Rental revenues are projected at $192.76 million, indicating an 11.5% decrease [4]. - Homebuilding revenues overall are expected to be $6.30 billion, down 12% from the prior year [5]. Geographic Revenue Insights - Geographic revenues for Homebuilding are estimated as follows: - East: $1.20 billion, down 8.9% [5]. - South Central: $1.35 billion, down 9% [6]. - North: $957.85 million, up 1.6% [6]. - Southwest: $948.60 million, down 16.8% [6]. Sales Metrics - Net sales orders for homes sold are projected at 18,607, an increase from 17,837 in the previous year [7]. - Homes closed are expected to total 17,323, down from 19,059 in the same quarter last year [7]. - The average selling price for homes closed is estimated at $362.57 million, down from $374.90 million in the same quarter last year [8]. - The sales order backlog is projected to be 12,005, compared to 11,003 in the same quarter last year [8]. Market Performance - Over the past month, D.R. Horton shares have increased by 3.7%, outperforming the Zacks S&P 500 composite, which rose by 2.1% [8]. - D.R. Horton holds a Zacks Rank of 4 (Sell), suggesting potential underperformance in the upcoming period [8].