Why D.R. Horton Stock Gained Today
Portfolio Pulse from Ryan Gustafson
Shares of D.R. Horton, Inc. (NYSE:DHI) are trading higher in sympathy with Meritage Homes (NYSE:MTH), which reported better-than-expected Q3 results. Meritage's Q3 earnings were $5.98 per share, beating the analyst consensus estimate of $5.14. The company also reported quarterly sales of $1.61 billion, beating the analyst consensus estimate of $1.57 billion. D.R. Horton is set to report Q4 results on Nov. 7, with estimated earnings of $3.93 per share and revenue of $10.01 billion.
November 01, 2023 | 7:47 pm
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POSITIVE IMPACT
D.R. Horton's stock is trading higher following Meritage Homes' better-than-expected Q3 results. The company is set to report Q4 results on Nov. 7.
D.R. Horton's stock is trading higher due to the positive sentiment from Meritage Homes' better-than-expected Q3 results. The upcoming Q4 results could further impact the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Meritage Homes reported better-than-expected Q3 results, with earnings of $5.98 per share and sales of $1.61 billion, both beating analyst consensus estimates.
Meritage Homes' stock could see positive movement due to the company's better-than-expected Q3 results, which beat analyst consensus estimates.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100