These Analysts Boost Their Forecasts On D.R. Horton After Upbeat Q3 Results
Portfolio Pulse from Lisa Levin
D.R. Horton, Inc (NYSE:DHI) reported a 10.7% YoY sales growth to $9.725 billion in Q3 FY23, beating the consensus of $8.39 billion. The company also raised its FY23 outlook to $34.7 billion-$35.1 billion from the previous $31.5 billion-$33 billion. Following the earnings announcement, Barclays and JMP Securities increased their price targets on D.R. Horton, while Credit Suisse maintained a neutral rating.
July 21, 2023 | 11:47 am
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POSITIVE IMPACT
D.R. Horton's Q3 sales beat and raised FY23 outlook could potentially boost investor confidence. However, the stock fell 1.9% to close at $125.42 on Thursday.
The company's strong Q3 results and raised FY23 outlook indicate a positive financial performance, which could attract investors. However, the stock's recent fall suggests market volatility.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100