D.R. Horton Q2 2024 GAAP EPS $3.52 Beats $3.07 Estimate, Sales $9.100B Beat $8.266B Estimate
Portfolio Pulse from Benzinga Newsdesk
D.R. Horton (NYSE:DHI) reported Q2 2024 earnings of $3.52 per share, surpassing the $3.07 estimate, with sales of $9.100B also beating the $8.266B forecast. This represents a 14.14% increase in sales compared to the same period last year.
April 18, 2024 | 10:31 am
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POSITIVE IMPACT
D.R. Horton reported a significant beat on both earnings per share and sales for Q2 2024, with a notable year-over-year sales growth.
The substantial beat on both earnings per share and sales estimates, coupled with a significant year-over-year sales increase, is likely to positively impact investor sentiment and D.R. Horton's stock price in the short term. The company's performance exceeds analyst expectations, indicating strong operational efficiency and market demand for its offerings.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100