D.R. Horton Revised 2024 Consolidated Revenues Guidance To $36.8B-$37.2B (From $36.7B-$37.7B) vs $36.96B Est., Homes Closed By Homebuilding Operations To 90.0K-90.5K (From 89K-91K)
Portfolio Pulse from Benzinga Newsdesk
D.R. Horton has revised its 2024 consolidated revenues guidance to $36.8B-$37.2B from the previous range of $36.7B-$37.7B, with an estimated $36.96B. The company also updated its homes closed by homebuilding operations to 90,000-90,500 from 89,000-91,000.
July 18, 2024 | 10:40 am
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
D.R. Horton has adjusted its 2024 revenue guidance slightly downward and updated its home closings forecast. The new revenue range is $36.8B-$37.2B, compared to the previous $36.7B-$37.7B, with an estimated $36.96B. Home closings are now expected to be between 90,000 and 90,500.
The slight downward revision in revenue guidance and the narrow adjustment in home closings indicate a stable outlook with minor adjustments. This is unlikely to significantly impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100