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Compared to Estimates, D.R. Horton (DHI) Q4 Earnings: A Look at Key Metrics
DHID.R. Horton(DHI) ZACKS·2024-10-29 14:35

Core Insights - D.R. Horton reported a revenue of 10billionforthequarterendedSeptember2024,reflectinga4.810 billion for the quarter ended September 2024, reflecting a 4.8% decline year-over-year and a surprise of -2.43% compared to the Zacks Consensus Estimate of 10.25 billion [1] - The earnings per share (EPS) was 3.92,downfrom3.92, down from 4.45 in the same quarter last year, with an EPS surprise of -6.67% against the consensus estimate of 4.20[1]FinancialPerformanceMetrics−HomesClosed:23,647,belowtheanalystaverageestimateof24,301[3]−NetSalesOrder−HomesSold:19,035,comparedtotheanalystaverageestimateof20,333[3]−SalesOrderBacklog−HomesinBacklog:12,180,versustheanalystaverageestimateof12,899[3]−SalesOrderBacklog−Value:4.20 [1] Financial Performance Metrics - Homes Closed: 23,647, below the analyst average estimate of 24,301 [3] - Net Sales Order - Homes Sold: 19,035, compared to the analyst average estimate of 20,333 [3] - Sales Order Backlog - Homes in Backlog: 12,180, versus the analyst average estimate of 12,899 [3] - Sales Order Backlog - Value: 4.77 billion, below the analyst average estimate of 5.11billion[3]−NetSalesOrder−Value:5.11 billion [3] - Net Sales Order - Value: 7.15 billion, compared to the average estimate of 7.71billion[3]−RevenuesfromHomeSales−Homebuilding:7.71 billion [3] - Revenues from Home Sales - Homebuilding: 8.93 billion, below the analyst estimate of 9.28billion,representinga+1.79.28 billion, representing a +1.7% change year-over-year [3] - Revenues from Financial Services: 222 million, below the analyst estimate of 242.77million,witha+1.1242.77 million, with a +1.1% change year-over-year [3] - Revenues from Rental: 704.80 million, exceeding the analyst estimate of 592.24million,butreflectinga−49.2592.24 million, but reflecting a -49.2% change year-over-year [3] - Revenues from Homebuilding: 8.95 billion, below the analyst estimate of 9.31billion,witha+1.89.31 billion, with a +1.8% change year-over-year [3] - Revenues from Land/Lot Sales and Other - Homebuilding: 20.70 million, exceeding the analyst estimate of 16.82million,representinga+21.116.82 million, representing a +21.1% change year-over-year [3] - Revenues from Forestar: 551.40 million, above the analyst estimate of 481.54million,witha+0.3481.54 million, with a +0.3% change year-over-year [3] - Revenues from Eliminations and Other: -425.70 million, worse than the analyst estimate of -$386.99 million, reflecting a -5% change year-over-year [3] Stock Performance - D.R. Horton shares have returned -5.5% over the past month, contrasting with the Zacks S&P 500 composite's +1.7% change [4] - The stock currently holds a Zacks Rank 4 (Sell), indicating potential underperformance relative to the broader market in the near term [4]