D.R. Horton Q3 2024 GAAP EPS $4.10 Beats $3.78 Estimate, Sales $9.966B Beat $9.771B Estimate
Portfolio Pulse from Benzinga Newsdesk
D.R. Horton (NYSE:DHI) reported Q3 2024 earnings per share (EPS) of $4.10, surpassing the analyst estimate of $3.78 by 8.47%. The company's sales were $9.966 billion, beating the estimate of $9.771 billion by 2.00%. This represents a 2.47% increase from the same period last year.
July 18, 2024 | 10:34 am
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POSITIVE IMPACT
D.R. Horton reported strong Q3 2024 earnings, with EPS of $4.10 beating estimates by 8.47% and sales of $9.966 billion exceeding expectations by 2.00%. This positive performance is likely to boost investor confidence and drive the stock price up in the short term.
The company's strong financial performance, with both EPS and sales exceeding analyst estimates, is a positive indicator for investors. The 2.47% year-over-year increase in sales further supports a bullish outlook. This is likely to result in a short-term increase in the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100