- United States
- /
- Consumer Durables
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- NYSE:DHI
D.R. Horton Full Year 2024 Earnings: EPS Misses Expectations
D.R. Horton (NYSE:DHI) Full Year 2024 Results
Key Financial Results
- Revenue: US$36.8b (up 3.8% from FY 2023).
- Net income: US$4.76b (flat on FY 2023).
- Profit margin: 13% (in line with FY 2023).
- EPS: US$14.44 (up from US$13.93 in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
D.R. Horton EPS Misses Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 1.9%.
The primary driver behind last 12 months revenue was the Homebuilding - Southeast segment contributing a total revenue of US$8.88b (24% of total revenue). Notably, cost of sales worth US$27.2b amounted to 74% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to US$2.85b (67% of total expenses). Explore how DHI's revenue and expenses shape its earnings.
Looking ahead, revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Consumer Durables industry in the US.
Performance of the American Consumer Durables industry.
The company's shares are down 1.1% from a week ago.
Balance Sheet Analysis
While earnings are important, another area to consider is the balance sheet. We've done some analysis and you can see our take on D.R. Horton's balance sheet.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
About NYSE:DHI
D.R. Horton
Operates as a homebuilding company in East, North, Southeast, South Central, Southwest, and Northwest regions in the United States.
Undervalued with excellent balance sheet and pays a dividend.
