D.R. Horton Q3 EPS $3.90 Beats $2.79 Estimate, Sales $9.72B Beat $8.39B Estimate
Portfolio Pulse from Benzinga Newsdesk
D.R. Horton (NYSE:DHI) reported Q3 earnings of $3.90 per share, beating the analyst consensus estimate of $2.79 by 39.78%. However, this is a 16.49% decrease from the same period last year. The company also reported quarterly sales of $9.72 billion, beating the analyst consensus estimate of $8.39 billion by 15.91%, and marking a 10.66% increase from the same period last year.
July 20, 2023 | 10:33 am
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D.R. Horton's Q3 earnings and sales exceeded analyst estimates, but earnings decreased compared to the same period last year.
D.R. Horton's earnings and sales beat analyst estimates, which is generally positive for the stock. However, the decrease in earnings compared to the same period last year might temper investor enthusiasm.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100