What Does Wall Street See for D.R. Horton's Q3?
D.R. Horton (NYS: DHI) is expected to report Q3 earnings on July 27. 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 D.R. Horton's revenues will improve 19.0% and EPS will grow 133.3%.
The average estimate for revenue is $1.19 billion. On the bottom line, the average EPS estimate is $0.21.
Last quarter, D.R. Horton tallied revenue of $961.2 million. GAAP reported sales were 28% higher than the prior-year quarter's $751.1 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 $0.13. GAAP EPS of $0.13 for Q2 were 44% 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 preceding quarter, gross margin was 18.0%, 190 basis points better than the prior-year quarter. Operating margin was 4.7%, 500 basis points better than the prior-year quarter. Net margin was 4.2%, 50 basis points better than the prior-year quarter.
The full year's average estimate for revenue is $4.35 billion. The average EPS estimate is $0.68.
The stock has a one-star rating (out of five) at Motley Fool CAPS, with 566 members out of 1,136 rating the stock outperform, and 570 members rating it underperform. Among 336 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 144 give D.R. Horton a green thumbs-up, and 192 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on D.R. Horton is hold, with an average price target of $15.91.
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The article What Does Wall Street See for D.R. Horton's Q3? originally appeared on Fool.com.Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.