The homebuilding sector is facing pressure today, after D.R.
D.R. Horton stock slid after the homebuilder's third-quarter earnings and sales fell and missed the consensus analyst estimates.
D.R. Horton, Inc. (NYSE:DHI ) Q4 2024 Earnings Conference Call October 29, 2024 8:30 AM ET Company Participants Jessica Hansen - SVP, IR and Communications David Auld - Executive Chairman Paul Romanowski - President and CEO Michael Murray - EVP and COO Bill Wheat - EVP and CFO Conference Call Participants Stephen Kim - Evercore ISI Matthew Bouley - Barclays John Lovallo - UBS Carl Reichardt - BTIG Sam Reid - Wells Fargo Michael Rehaut - JPMorgan Alan Ratner - Zelman & Associates Eric Bosshard - Cleveland Research Paul Przybylski - Wolfe Research Anthony Pettinari - Citi Ken Zener - Seaport Research Partners Rafe Jadrosich - Bank of America Susan Maklari - Goldman Sachs Jade Rahmani - KBW Operator Good morning, and welcome to the Fourth Quarter 2024 Earnings Conference Call for D.R. Horton America's Builder, the largest builder in the United States.
DHI's fiscal fourth-quarter results are hurt by delayed purchases amid ongoing affordability challenges.
Homebuilding stock D.R.
Shares of homebuilder D.R. Horton (DHI) sank 12% Tuesday morning to lead S&P 500 decliners after the company's fourth-quarter results and projections for fiscal 2025 both fell short of analysts' expectations.
The headline numbers for D.R. Horton (DHI) give insight into how the company performed in the quarter ended September 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
D.R. Horton (DHI) came out with quarterly earnings of $3.92 per share, missing the Zacks Consensus Estimate of $4.20 per share. This compares to earnings of $4.45 per share a year ago.
Home builder D.R. Horton's September-ended quarter missed earnings and sales estimates.
DHI's fiscal fourth-quarter results are likely to reflect the weakness of Forestar and Rental Property segments and higher expenses.
Evaluate the expected performance of D.R. Horton (DHI) for the quarter ended September 2024, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.
D.R. Horton (DHI) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.