DR Horton (NYSE: DHI ) reported earnings on Jan. 29. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 31 (Q1), DR Horton beat expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue grew significantly and GAAP earnings per share expanded significantly.
Margins expanded across the board.
DR Horton reported revenue of $1.28 billion. The 10 analysts polled by S&P Capital IQ predicted revenue of $1.13 billion on the same basis. GAAP reported sales were 41% higher than the prior-year quarter's $906.6 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.20. The 18 earnings estimates compiled by S&P Capital IQ averaged $0.14 per share. GAAP EPS of $0.20 for Q1 were 122% higher than the prior-year quarter's $0.09 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 19.5%, 250 basis points better than the prior-year quarter. Operating margin was 8.5%, 460 basis points better than the prior-year quarter. Net margin was 5.2%, 210 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $1.21 billion. On the bottom line, the average EPS estimate is $0.16.
Next year's average estimate for revenue is $5.68 billion. The average EPS estimate is $0.89.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 577 members out of 1,136 rating the stock outperform, and 559 members rating it underperform. Among 322 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 169 give DR Horton a green thumbs-up, and 153 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on DR Horton is outperform, with an average price target of $21.23.
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