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D.R. Horton (DHI) Advances While Market Declines: Some Information for Investors
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D.R. Horton (DHI - Free Report) ended the recent trading session at $103.66, demonstrating a +1.28% swing from the preceding day's closing price. The stock outpaced the S&P 500's daily loss of 0.5%. Elsewhere, the Dow saw an upswing of 0.12%, while the tech-heavy Nasdaq depreciated by 1.23%.
The homebuilder's stock has dropped by 11.16% in the past month, falling short of the Construction sector's loss of 4.92% and the S&P 500's loss of 2.4%.
The investment community will be closely monitoring the performance of D.R. Horton in its forthcoming earnings report. The company is scheduled to release its earnings on November 7, 2023. In that report, analysts expect D.R. Horton to post earnings of $3.97 per share. This would mark a year-over-year decline of 14.99%. Our most recent consensus estimate is calling for quarterly revenue of $10.06 billion, up 4.32% from the year-ago period.
Any recent changes to analyst estimates for D.R. Horton should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 0.43% lower. Currently, D.R. Horton is carrying a Zacks Rank of #4 (Sell).
In terms of valuation, D.R. Horton is presently being traded at a Forward P/E ratio of 7.32. This denotes a premium relative to the industry's average Forward P/E of 7.18.
Meanwhile, DHI's PEG ratio is currently 0.4. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Building Products - Home Builders industry currently had an average PEG ratio of 0.67 as of yesterday's close.
The Building Products - Home Builders industry is part of the Construction sector. This industry currently has a Zacks Industry Rank of 56, which puts it in the top 23% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
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D.R. Horton (DHI) Advances While Market Declines: Some Information for Investors
D.R. Horton (DHI - Free Report) ended the recent trading session at $103.66, demonstrating a +1.28% swing from the preceding day's closing price. The stock outpaced the S&P 500's daily loss of 0.5%. Elsewhere, the Dow saw an upswing of 0.12%, while the tech-heavy Nasdaq depreciated by 1.23%.
The homebuilder's stock has dropped by 11.16% in the past month, falling short of the Construction sector's loss of 4.92% and the S&P 500's loss of 2.4%.
The investment community will be closely monitoring the performance of D.R. Horton in its forthcoming earnings report. The company is scheduled to release its earnings on November 7, 2023. In that report, analysts expect D.R. Horton to post earnings of $3.97 per share. This would mark a year-over-year decline of 14.99%. Our most recent consensus estimate is calling for quarterly revenue of $10.06 billion, up 4.32% from the year-ago period.
Any recent changes to analyst estimates for D.R. Horton should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 0.43% lower. Currently, D.R. Horton is carrying a Zacks Rank of #4 (Sell).
In terms of valuation, D.R. Horton is presently being traded at a Forward P/E ratio of 7.32. This denotes a premium relative to the industry's average Forward P/E of 7.18.
Meanwhile, DHI's PEG ratio is currently 0.4. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Building Products - Home Builders industry currently had an average PEG ratio of 0.67 as of yesterday's close.
The Building Products - Home Builders industry is part of the Construction sector. This industry currently has a Zacks Industry Rank of 56, which puts it in the top 23% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.