Yahoo Finance What To Expect From D.R. Horton's (DHI) Q2 Earnings
Homebuilder (NYSE:DHI) will be reporting earnings tomorrow before market open. Here's what to expect.
D.R. Horton beat analysts' revenue expectations by 10.6% last quarter, reporting revenues of $9.11 billion, up 14.2% year on year. It was an ok quarter for the company, with a solid beat of analysts' earnings estimates but a miss of analysts' backlog sales estimates.
Is D.R. Horton a buy or sell going into earnings? Read our full analysis here, it's free.
This quarter, analysts are expecting D.R. Horton's revenue to be flat year on year at $9.65 billion, slowing from the 10.7% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $3.80 per share.
The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. D.R. Horton has missed Wall Street's revenue estimates twice over the last two years.
Looking at D.R. Horton's peers in the industrials segment, some have already reported their Q2 results, giving us a hint as to what we can expect. KB Home's revenues decreased 3.1% year on year, beating analysts' expectations by 3.4%, and Lennar reported revenues up 9%, topping estimates by 2.5%. KB Home traded up 2.8% following the results while Lennar was down 5%.
Read our full analysis of KB Home's results here and Lennar's results here.
There has been positive sentiment among investors in the industrials segment, with share prices up 8.3% on average over the last month. D.R. Horton is up 16.6% during the same time and is heading into earnings with an average analyst price target of $168.4 (compared to the current share price of $162.6).
When a company has more cash than it knows what to do with, buying back its own shares can make a lot of sense–as long as the price is right. Luckily, we’ve found one, a low-priced stock that is gushing free cash flow AND buying back shares. Click here to claim your Special Free Report on a fallen angel growth story that is already recovering from a setback.
