I recommend a hold rating for D.R. Horton Inc. due to unattractive valuation. Positive outlook for business, benefiting from high mortgage rates driving demand for new homes. Downside risk comes from potential aggressive rate cuts, which is negative for DHI demand.
Does D.R. Horton (DHI) have what it takes to be a top stock pick for momentum investors? Let's find out.
Here is how D.R. Horton (DHI) and KB Home (KBH) have performed compared to their sector so far this year.
D.R. Horton (DHI) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).
D.R. Horton, Inc. NYSE: DHI is the largest homebuilder in the United States. D.R. Horton's stock has been on a tear recently, with its stock price hitting a new 52-week high following a better-than-expected earnings announcement.
Why investors should use the Zacks Earnings ESP tool to help find stocks that are poised to top quarterly earnings estimates.
D.R. Horton's (DHI) fiscal third-quarter performance benefits from limited affordable price points and favorable demographics amid inflation and high mortgage/interest rates.
D.R. Horton (DHI) shares surged in intraday trading Thursday after the company topped third-quarter expectations on the top and bottom lines.
D.R. Horton, Inc. (NYSE:DHI ) Q3 2024 Earnings Conference Call July 18, 2024 8:30 AM ET Company Participants Jessica Hansen - Senior Vice President, Investor Relations and Communications David Auld - Executive Chairman Paul Romanowski - President and Chief Executive Officer Michael Murray - Executive Vice President and Chief Operating Officer Bill Wheat - Executive Vice President and Chief Financial Officer Conference Call Participants John Lovallo - UBS Carl Reichardt - BTIG Stephen Kim - Evercore ISI Michael Rehaut - JPMorgan Matthew Bouley - Barclays Alan Ratner - Zelman & Associates Eric Bosshard - Cleveland Research Sam Reid - Wells Fargo Anthony Pettinari - Citi Buck Horne - Raymond James Susan Maklari - Goldman Sachs Rafe Jadrosich - Bank of America Michael Dahl - RBC Capital Markets Operator Good morning, and welcome to the Third Quarter 2024 Earnings Conference Call for D.R. Horton, America's builder, the largest builder in the United States.
+1.867 million longer-term jobless claims is the highest single-week figure we've seen since November of 2021.
Although the revenue and EPS for D.R. Horton (DHI) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
U.S. stocks traded higher this morning, with the Dow Jones index gaining around 40 points on Thursday.