D.R. Horton Prepares for Financial Report Amid Analyst Insights
D.R. Horton’s Upcoming First-Quarter Financial Results
D.R. Horton, Inc. (NYSE: DHI) is gearing up to announce its first-quarter financial results soon. The anticipation is building as analysts focus on what this report will reveal about the company’s financial health and future prospects.
What Analysts Are Expecting
Investors and market watchers are eyeing the upcoming earnings report closely. Analysts predict that D.R. Horton is expected to report earnings of around $2.38 per share. This marks a noticeable decrease compared to the previous year's earnings of $2.82 per share. Additionally, the company's revenue is projected to come in at $7.08 billion, down from $7.73 billion during the same period last year.
D.R. Horton's Recent Performance
In its most recent earnings announcement on October 29, the company reported results that fell short of market expectations. This has heightened interest in their upcoming quarterly results.
Stock Performance and Analyst Ratings
Recently, D.R. Horton shares saw a slight uptick, gaining 0.8% to close at $146.60. The fluctuations in stock price, coupled with analyst ratings, make it essential for investors to stay informed about what industry experts are saying about the company.
Analysts' Perspectives on D.R. Horton
Here are some of the latest insights from analysts on D.R. Horton:
- Matthew Bouley from Barclays maintained an Equal-Weight rating but revised the price target downward from $170 to $150. Bouley has shown an accuracy of 73% in his forecasts.
- John Lovallo with UBS kept a Buy rating but cut the price target from $214 to $203. Lovallo has a solid accuracy rate of 72%.
- Citigroup’s Anthony Pettinari downgraded the stock from Neutral to a lower price target of $152 from $185, maintaining an accuracy of 78%.
- JP Morgan's Michael Rehaut changed his rating from Neutral to Underweight and also reduced the price target from $188 to $156, with an accuracy of 72%.
- Raymond James analyst Buck Horne also decreased his rating, moving it from Outperform to Market Perform on November 7, 2024, reflecting an accuracy of 71%.
Implications for Potential Investors
These shifts in analyst ratings and expectations lead to important questions for potential investors in DHI stock. Understanding the market sentiment and the recent analyst changes can help guide investment decisions. As the company prepares for its upcoming financial report, keeping an eye on how these analysts rate and predict the company’s performance will be crucial for making informed investment choices.
Frequently Asked Questions
What is the expected earnings per share for D.R. Horton?
The expected earnings per share for D.R. Horton is around $2.38.
When will D.R. Horton release its financial results?
D.R. Horton is set to release its financial results before the opening bell on the scheduled announcement date.
What recent changes have analysts made regarding D.R. Horton stock?
Analysts have adjusted their ratings and price targets, with some downgrading the stock based on recent performances.
How has D.R. Horton’s stock performed recently?
Recently, D.R. Horton shares experienced a slight increase, closing at $146.60, despite a broader focus on their earnings report.
Who are the notable analysts commenting on D.R. Horton?
Notable analysts include Matthew Bouley from Barclays, John Lovallo from UBS, Anthony Pettinari from Citigroup, Michael Rehaut from JP Morgan, and Buck Horne from Raymond James.
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