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MARKETS LIVE BLOG:

STOCK FUTURES TAKE BREATHER AS DISNEY EARNINGS LAND

Disney's surprise streaming entertainment profit offset by weaker TV business

Your Two Minute Earnings Preview for DR Horton (DHI) Stock

Eric Dutram
Updated

Today’s quick video takes a closer look at DR Horton (DHI) stock ahead of its earnings report. The company, like many others in the homebuilder world, has been under pressure as of late thanks to concerns about the growth in the housing market, as well as the interest rate outlook.

The homebuilder world actually has a bottom 15% industry rank right now, so many companies in this area have poor ranks and have fallen out of favor with analysts. However, DHI has proven to be a bit of an exception, as it has a Zacks Rank #2 (buy) along with a ‘B’ for its VGM score. Plus, earnings estimates have held up relatively nicely for this stock heading into the release.

D R HORTON INC Price, Consensus and EPS Surprise

D R HORTON INC Price, Consensus and EPS Surprise | D R HORTON INC Quote

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However, this could be a case where the outlook weighs on the stock more than anything, and especially given the impact of the Fed’s interest rate policy on not just DHI, but homebuilders at large. So while DHI could beat once again, thoughts on rates look to dominate the report.

DR Horton (DHI) reports before the bell on November 8th before the bell, and we are looking for earnings of 77 cents per share. Make sure to watch the video for a quick guide to DHI heading into the report, but if you want to learn more about trading in earnings season, check out our Zacks Live Trader below for additional information:

 

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