The company has been hit this year with rising mortgage rates and increasing home prices lowering consumer demand. Last quarter, D.R. Horton resorted to discounting in order to boost sales.
Analysts expect the Fort Worth, TX-based company to report fourth quarter earnings of 48 cents per share, compared to the 40 cents per share it reported in the same quarter of last year.
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Analysts also expect revenue of $2.38 billion for the fourth quarter, higher than the $1.8 billion in sales from a year ago.
Shares of D.R. Horton are slightly down 0.13% to $23.40 in after-hours trading Monday.
Separately, TheStreet Ratings team rates D R HORTON INC as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:
"We rate D R HORTON INC (DHI) a BUY. This is driven by a few notable strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income."