D.R. Horton (DHI) reported $7.73 billion in revenue for the quarter ended December 2023, representing a year-over-year increase of 6.5%. EPS of $2.82 for the same period compares to $2.76 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $7.62 billion, representing a surprise of +1.35%. The company delivered an EPS surprise of -2.08%, with the consensus EPS estimate being $2.88.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and h ...

业绩总结 - D.R. Horton的合并收入为359亿美元，合并税前收入为63亿美元，股东权益为232亿美元[4] - 合并收入同比增长6%，达到77亿美元[26] - D.R. Horton在2024财年第一季度的净收入为9.474亿美元，每股摊薄收益为2.82美元[26] - 合并税前收入为12亿美元，税前利润率为16.1%[35] 用户数据 - 关闭的房屋数量增加12%，达到19,340套，房屋销售总值增长8%，达到73亿美元[27] - 净销售订单增加35%，达到18,069套，销售总值增长38%，达到68亿美元[26] - D.R. Horton在118个市场中占据51个市场的主导地位，且在美国前五大住房市场中是最大的建筑商之一[6] 未来展望 - 预计2024财年合并收入将在360亿美元至373亿美元之间，关闭的房屋数量在87,000至90,000之间[24] - 2024财年第二季度合并收入预计在81亿美元至83亿美元之间，关闭的房屋数量在20,000至20,500之间[24] - 2024财年预计来自住宅建筑业务的现金流约为30亿美元，股票回购预计为15亿美元[24] 新产品和新技术研发 - D.R. Horton在过去12个月内，单户住宅租赁业务产生了4.451亿美元的税前收入，收入为25亿美元[19] - 租赁业务的税前收入为3130万美元，销售收入为1.953亿美元，涉及379套单户出租房和300套多户出租单位[26] 财务状况 - D.R. Horton的净债务与资本化比率为14.9%[22] - 现金及现金等价物为25.101亿美元，较上季度减少[37] - 总资产为333.816亿美元，较去年同期增长[37] - 每股账面价值为69.70美元，股东权益回报率（ROE）为21.8%[4] 股东回报 - D.R. Horton在2024财年预计将支付约4亿美元的股息[24] - 回购330万股普通股，耗资3.983亿美元[26] - 财务服务税前利润率预计在30%至35%之间[24]

D.R. Horton (DHI) came out with quarterly earnings of $2.82 per share, missing the Zacks Consensus Estimate of $2.88 per share. This compares to earnings of $2.76 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -2.08%. A quarter ago, it was expected that this homebuilder would post earnings of $3.98 per share when it actually produced earnings of $4.45, delivering a surprise of 11.81%.Over the last four quarters, the company h ...

公司财务表现 - 公司2024财年第一季度实现净利润947.4百万美元，每股摊薄收益为2.82美元[2] - 公司第一季度营收增长了6%，达到了77亿美元[3] - 公司在第一季度的房屋交付量增加了12%，价值达到73亿美元[2] - 公司的净销售订单增长了35%，价值增长了38%[2] - 公司在第一季度回购了3.3百万股普通股，总额为3.983亿美元[16] - 公司在第一季度支付了9990万美元的现金股利[15] - 公司的资产负债表显示，截至2023年12月31日，公司的总资产为333.816亿美元，总负债为97.781亿美元，股东权益为231.534亿美元[24] - 公司在2024财年的指导中提到，预计全年营收将达到360亿至373亿美元，房屋交付量为8.7万至9万套[17] - 公司计划在第二季度提供财年2024的指导[19] 公司财务数据 - D.R. HORTON, INC. AND SUBSIDIARIES在2023年第四季度的总资产为$33,381.6百万，较上一季度的$32,582.4百万有所增长[28] - 在2023年第四季度，D.R. HORTON, INC. AND SUBSIDIARIES的营收为$7,726.0百万，较去年同期的$7,257.8百万有所增长[28] - D.R. HORTON, INC. AND SUBSIDIARIES在2023年第四季度的净利润为$955.7百万，较去年同期的$968.3百万略有下降[28] 公司土地和房屋情况 - 公司在2023年12月31日拥有和控制的土地和地块总数为607,200，占比100%[57] - 公司在2023年12月31日拥有或控制的土地中，Forestar拥有或控制了约33,700个地块，其中有16,200个地块已被公司的房屋建设部门签署购买合同，另有17,500个地块公司享有首购权[58] - 公司在2023年12月31日的库存房屋数量为42,600，其中西北地区有3,100套，西南地区有4,700套，南部中部地区有10,500套，东南地区有11,700套，东部地区有7,600套，北部地区有5,000套[59] - 库存房屋数量不包括样板房和与公司租赁业务相关的房屋[60]

D.R. Horton Inc. (DHI) is slated to report first-quarter fiscal 2024 (ended Dec 31, 2023) results on Jan 23, before the opening bell.In the last reported quarter, the company’s earnings and revenues surpassed the Zacks Consensus Estimate by 11.8% and 4.5%, respectively. Yet, earnings of this homebuilding company declined 4.7%, but revenues were up 9% from the year-ago reported figures.Markedly, D.R. Horton reported better-than-expected earnings in 18 of the last 19 quarters.The Trend in Estimate RevisionThe ...

ArtistGNDphotography Investment thesis My initial "Strong Buy" rating for D.R. Horton (NYSE:DHI), which I shared in early September, aged exceptionally well because the stock has rallied by 35% since then. To add context, the S&P 500 appreciated 6.5% over the same period. Today, I briefly summarize recent developments and share my FQ1 2024 earnings preview. Overall, I am optimistic about the company's prospects, given the solid secular tailwinds behind DHI's back multiplied by the exceptional execution ...

D.R. Horton (DHI) ended the recent trading session at $151.96, demonstrating a -0.67% swing from the preceding day's closing price. The stock fell short of the S&P 500, which registered a loss of 0.56% for the day. At the same time, the Dow lost 0.25%, and the tech-heavy Nasdaq lost 0.59%.The homebuilder's stock has climbed by 1.83% in the past month, exceeding the Construction sector's loss of 1.43% and the S&P 500's gain of 1.2%.The investment community will be paying close attention to the earnings perfo ...

The market expects D.R. Horton (DHI) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended December 2023. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be release ...

Investors are always looking for stocks that are poised to beat at earnings season and D.R. Horton, Inc. (DHI) may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report.That is because D.R. Horton is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. After all, analysts raising estimates right before earnings — with the most up-to-date information possible — is a pretty good ...

公司业绩 - 公司在过去十年中，每股收益（EPS）增长迅速，增长率达到812%，这是由于较高的利润率所致[6] - 在过去的十年中，D.R.霍顿公司每年都增加了股息，包括2024财年宣布的20%增长[8] - 公司的市盈率（P/E）基于2024年EPS预测为11，这是过去十二个月中最高的市盈率，但仍然显示出相当的增长，估值仍然具有吸引力[12] - 公司的股票被认为是公平价值的，公司的平均市盈率为10.77，与当前市盈率11相符[14] 公司发展战略 - 公司的增长机会包括通过专注于提供更多的价格实惠的住房来增加市场份额[16] - 公司利用供应链改进和运营卓越来提高周期时间和住房库存周转[20] - 公司战略聚焦于租赁业务，认识到租赁业务的增长潜力，并计划继续扩大租赁平台[23] 公司风险和挑战 - 公司面临的第一个风险是高利率导致的支付能力挑战[28] - 公司已经增加了激励措施，并在可能的情况下减少了房屋的规模，以提高购房者的支付能力[29] - 预计在2024财年第一季度，由于最近抵押贷款利率的波动，公司的毛利率将会下降[31]