D.R. Horton Sees 2024 Consolidated Revenues $36.7B-$37.7B vs $36.32B Est., Homes Closed By Homebuilding Operations 89K-91K
Portfolio Pulse from Benzinga Newsdesk
D.R. Horton projects its 2024 consolidated revenues to be between $36.7B and $37.7B, surpassing the estimated $36.32B. The company also expects to close between 89,000 and 91,000 homes through its homebuilding operations.
April 18, 2024 | 10:32 am
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D.R. Horton expects higher-than-estimated revenues for 2024, aiming for $36.7B-$37.7B against a $36.32B forecast, and plans to close 89K-91K homes.
D.R. Horton's projection of higher-than-expected revenues for 2024 and the anticipated number of home closings directly indicate a positive outlook for the company's financial performance and operational efficiency. This news is likely to be viewed positively by investors, potentially leading to an increase in stock price in the short term due to the company's performance exceeding market expectations.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100