D.R. Horton is a prominent homebuilding company that specializes in the construction and sale of residential properties across the United States
With a focus on providing a variety of housing options, the company caters to different market segments, offering single-family homes, townhomes, and condominiums. D.R. Horton is known for its commitment to quality and innovation in residential design, often incorporating modern amenities and sustainable building practices. Additionally, the company engages in land development and home financing services, aiming to streamline the home purchasing process for its customers.
D.R. Horton and Smith Douglas Homes downgraded by BofA Securities analyst due to tough outlook for homebuilder stocks, declining demand, and rising costs.
Homebuilder (NYSEDHI) reported Q4 CY2024 results exceeding the market’s revenue expectations, but sales fell by 1.5% year on year to $7.61 billion. On the other hand, the company’s full-year revenue guidance of $36.75 billion at the midpoint came in 0.9% below analysts’ estimates. Its GAAP profit of $2.61 per share was 10% above analysts’ consensus estimates.
Wall Street saw a strong preference for small and mid-cap equities, with the Russell 2000 index leading the market as investors bet on more domestic-friendly policies following Donald Trump's inauguration on Jan. 20 as the 47th U.S. president.
D.R. Horton reports Q1 results with sales and net sales orders declining by 1%. Homebuilding revenue decreased by 2% and EPS beat estimates at $2.61. FY25 outlook shows expected revenue of $36-37.5B and share repurchases of $2.6-2.8B.
