D.R. Horton Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

Core Viewpoint - D.R. Horton, Inc. is expected to report a decline in earnings and revenue for the upcoming first quarter, reflecting broader challenges in the housing market [1]. Group 1: Earnings and Revenue Expectations - D.R. Horton is projected to report earnings of $1.92 per share for the first quarter, a decrease from $2.61 per share in the same period last year [1]. - The consensus estimate for quarterly revenue is $6.65 billion, down from $7.61 billion a year earlier [1]. Group 2: Recent Performance - On October 28, D.R. Horton reported quarterly revenue of $9.7 billion, exceeding analyst estimates of $9.4 billion [2]. - Quarterly earnings were reported at $3.04 per share, which was below the consensus forecast of $3.28 per share [2]. - Following the earnings report, D.R. Horton shares increased by 1.1%, closing at $161.00 [2]. Group 3: Analyst Ratings and Price Targets - Citigroup analyst Anthony Pettinari maintained a Neutral rating and reduced the price target from $163 to $154 [4]. - Citizens analyst James McCanless downgraded the stock from Market Outperform to Market Perform [4]. - UBS analyst John Lovallo maintained a Buy rating but lowered the price target from $195 to $191 [4]. - Wells Fargo analyst Sam Reid downgraded the stock from Overweight to Equal-Weight and cut the price target from $180 to $155 [4]. - Barclays analyst Matthew Bouley maintained an Equal-Weight rating and raised the price target from $110 to $132 [4].