D.R. Horton Raises FY23 Revenue Outlook to $34.70B - $35.10B (From $31.50B - $33B Prior) Vs. $32.34B Estimate
Portfolio Pulse from Benzinga Newsdesk
D.R. Horton has raised its fiscal 2023 revenue outlook to $34.70B - $35.10B, up from the previous estimate of $31.50B - $33B. The company expects to close between 82,800 and 83,300 homes, and between 6,500 and 7,000 rental homes/units. Cash provided by operations is expected to exceed $3.0 billion.
July 20, 2023 | 10:37 am
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POSITIVE IMPACT
D.R. Horton's raised revenue outlook for FY23 is likely to positively impact its stock price in the short term.
D.R. Horton's raised revenue outlook for FY23 indicates strong performance and growth, which is likely to be viewed positively by investors and could lead to an increase in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100