D.R. Horton Q1 2024 GAAP EPS $2.82 Misses $2.88 Estimate
Portfolio Pulse from Benzinga Newsdesk
D.R. Horton (NYSE:DHI) reported Q1 2024 earnings per share (EPS) of $2.82, missing the consensus estimate of $2.88 by 2.08%. However, the company's quarterly sales of $7.73 billion exceeded expectations of $7.60 billion by 1.71% and marked a 6.45% increase from the same period last year.
January 23, 2024 | 11:31 am
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NEUTRAL IMPACT
D.R. Horton reported a slight miss on EPS estimates but exceeded revenue forecasts for Q1 2024, with a year-over-year sales increase.
The EPS miss may negatively impact investor sentiment in the short term, but the revenue beat and year-over-year growth could offset this effect. The mixed results present a neutral outlook, as the market may react positively to the sales figures while also considering the EPS miss.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100