These Analysts Revise Their Forecasts On D.R. Horton After Q2 Results
Portfolio Pulse from Avi Kapoor
D.R. Horton, Inc. (NYSE:DHI) exceeded Q2 financial expectations with a GAAP EPS of $3.52 against estimates of $3.07 and sales of $9.100 billion versus the expected $8.266 billion. The company updated its FY24 revenue outlook to $36.7-$37.7 billion, above consensus estimates, and expects to close 89,000 to 91,000 homes. Shares slightly increased by 0.1% to $145.88. UBS and Barclays revised their price targets for DHI following these results.
April 19, 2024 | 1:08 pm
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POSITIVE IMPACT
D.R. Horton reported strong Q2 results, beating EPS and sales forecasts, and raised its FY24 revenue outlook. Shares increased slightly following the announcement.
The positive earnings report and upward revision of the FY24 revenue outlook are likely to instill investor confidence in D.R. Horton's growth trajectory, potentially leading to a short-term positive impact on the stock price. The slight increase in share price post-announcement indicates initial positive market reaction.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100