DHI Stock Recent News

D.R. Horton easily beat estimates on the top and bottom lines in its second-quarter report and raised its guidance. The stock looks cheap at a price-to-earnings ratio of just 10.

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.

Pre-market futures are positive across the board at this hour. We do see some discrepancies, depending on the index, particularly after this mornings earnings reports and economic prints have hit the tape: the Dow has moved from +50 points to +70, the Nasdaq has gone from +40 points to +25, and the S&P 500 has remained steady at +5 points so far in early trading.

Initial Jobless Claims remain the steadiest of all employment metrics over the past six months or so.

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.

As many reasons as there are to be skeptical of the rally in homebuilder stocks, names like D.R. Horton NYSE: DHI are trending higher and will continue to rise.

D.R. Horton (DHI) shares climbed close to 4% in premarket trading Thursday after reporting second-quarter results that surpassed expectations, as the company kicks off a stretch of homebuilder earnings over the next few weeks.

D.R. Horton (DHI) came out with quarterly earnings of $3.52 per share, beating the Zacks Consensus Estimate of $3.08 per share. This compares to earnings of $2.73 per share a year ago.

Shares of D.R. Horton Inc. DHI, -0.21% rallied 2.3% in premarket trading Thursday, after the home builder reported fiscal second-quarter profit and revenue that rose well above expectations and raised its full-year outlook, as the continued lack of housing supply helped boost sales.

Higher mortgage rates could cause the homebuilder to offer more incentives.