DR Horton (NYSE: DHI ) is expected to report Q3 earnings on July 25. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict DR Horton's revenues will grow 51.7% and EPS will expand 65.0%.
The average estimate for revenue is $1.74 billion. On the bottom line, the average EPS estimate is $0.33.
Last quarter, DR Horton booked revenue of $1.43 billion. GAAP reported sales were 49% higher than the prior-year quarter's $961.2 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, EPS came in at $0.32. GAAP EPS of $0.32 for Q2 were 146% higher than the prior-year quarter's $0.13 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 20.8%, 280 basis points better than the prior-year quarter. Operating margin was 10.0%, 530 basis points better than the prior-year quarter. Net margin was 7.8%, 360 basis points better than the prior-year quarter.
The full year's average estimate for revenue is $6.40 billion. The average EPS estimate is $1.22.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 596 members out of 1,155 rating the stock outperform, and 559 members rating it underperform. Among 289 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 156 give DR Horton a green thumbs-up, and 133 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 $23.98.
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