DHI Stock Recent News
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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.
Housing starts & building permits decrease in March, given higher rates, falling short of market expectations.
NVR is benefiting from a solid housing market and disciplined business model.
D.R. Horton's (DHI) fiscal second-quarter results are likely to reflect higher revenues, given more demand for new homes due to a lack of existing homes for sale. Yet, higher expenses are a concern.
Looking beyond Wall Street's top -and-bottom-line estimate forecasts for D.R. Horton (DHI), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended March 2024.
Investors could get a look into the state of the real estate market with D.R. Horton (DHI) set to report earnings before the bell Thursday, with a number of other homebuilders to follow over the next few weeks.