D.R. Horton Analysts Slash Their Forecasts After Weak Q4 Results

D.R. Horton (NYSE:DHI) reported worse-than-expected fourth-quarter EPS and sales results on Tuesday.

Sales fell 5% year-over-year to $10.0 billion, missing the consensus of $10.2 billion. Net sales orders increased 1% to 19,035 homes and decreased 2% in value at $7.1 billion. EPS was $3.92, missing the consensus of $4.17.

D.R. Horton expects revenue of $36.0 billion, $37.5 billion versus the consensus of $39.4 billion. It expects homes closed to be 90,000 homes-92,000 homes for the year. DHI projects FY25 operating cash flow to be greater than fiscal 2024.

David Auld, Executive Chairman, said, "While mortgage rates have decreased from their highs earlier this year, many potential homebuyers expect rates to ...