D.R. Horton Analysts Slash Their Forecasts After Weak Q4 Results
Portfolio Pulse from Avi Kapoor
D.R. Horton reported weaker-than-expected Q4 results, with sales and EPS missing consensus estimates. Analysts have adjusted their price targets for the company, reflecting a cautious outlook. Despite the weak results, D.R. Horton shares rose 2%.
October 30, 2024 | 6:49 pm
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NEGATIVE IMPACT
D.R. Horton reported Q4 results that missed expectations, with sales and EPS below consensus. Analysts have lowered their price targets, indicating a cautious outlook. Despite this, shares rose 2%.
D.R. Horton's Q4 results were below expectations, leading to a reduction in price targets by several analysts. This typically indicates a negative short-term outlook. However, the stock rose 2%, possibly due to market factors or investor sentiment. The overall impact is likely negative due to the earnings miss and lowered guidance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100