| (USD) | Dec 2023 | Q/Q |
|---|---|---|
| Revenue | 7.7B | -26% |
| Gross Profit | 2B | - |
| Cost Of Revenue | 5.7B | -26% |
| Operating Income | 1.2B | -38% |
| Operating Expenses | 758.7MM | - |
| Net Income | 947.4MM | -37% |
| G&A | 835MM | -6% |
Short Volume Ratio = Short Volume / All Volume. Source of Short Volume data comes from
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DHI earnings call for the period ending March 31, 2024.
D.R. Horton's (DHI) fiscal 2024 second-quarter performance benefits from limited affordable price points and favorable demographics. Inflation and mortgage/interest rates hurt.
DR Horton (DHI) shares are popping higher in Thursday's pre-market session — carrying into the market open — after blowing past fiscal second-quarter earnings estimates. The homebuilder boasted revenue of $9.11 billion and adjusted gains of $3.52 per share, raising its full-year outlook despite supply slowdowns. Yahoo Finance's Seana Smith and Brad Smith highlight how homebuilder stocks such as DR Horton are managing under elevated interest rates and mortgage rates, including home prices' influe...
Although the revenue and EPS for D.R. Horton (DHI) give a sense of how its business performed in the quarter ended March 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Investors had worried that higher mortgage rates will make homes less affordable, pressuring builders to offer sales incentives.
D.R. Horton (DHI) delivered earnings and revenue surprises of 14.29% and 10.19%, respectively, for the quarter ended March 2024. Do the numbers hold clues to what lies ahead for the stock?
Homebuilder D.R. Horton Inc raised its forecast for full-year revenue on Thursday, as tight supply of existing homes in the United States pushed buyers to opt for newly constructed houses. U.S. homeowners who had secured below 5% 30-year fixed mortgage rates during an era of cheap debt remain unwilling to list their homes and upgrade to a new house at a time when the rates are hovering at about 7% for months. D.R. Horton, which largely caters to entry-level buyers looking for affordable price ...
(Reuters) -Homebuilder D.R. Horton Inc raised its forecast for full-year revenue on Thursday, as tight supply of existing homes in the United States pushed buyers to opt for newly constructed houses. U.S. homeowners who had secured below 5% 30-year fixed mortgage rates during an era of cheap debt remain unwilling to list their homes and upgrade to a new house at a time when the rates are hovering at about 7% for months. D.R. Horton, which largely caters to entry-level buyers looking for afford...
ARLINGTON, Texas, April 18, 2024--D.R. Horton reported that net income for its second fiscal quarter ended March 31, 2024 increased 29% to $3.52 per diluted share.
NVR, KB Home, Toll Brothers, D.R. Horton and PulteGroup are included in this Analyst Blog.