DailyIQ
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Sector:Consumer CyclicalAll sectors
Last updated 2 minutes ago

DHI·D.R. Horton, Inc.

$.
+. (+.%)
After Hours
High
$153.94
Open
$149.65
Market Cap
43.23B
52W High
$184.55
Low
$149.06
P. Close
$151.59
P/E
13.63
52W Low
$129.11
Fwd P/E
12.63
DailyIQ Est.
$169.38
Technical Score (1D)
50
NEUTRAL
News Sentiment
50
MIXED
Goldman Sachs just lowered its price target for D.R. Horton to $186 from $190, signaling a more cautious valuation amid recent market volatility. The downgrade comes after the firm reaffirmed a hold rating, implying that while earnings are expected to stay stable, the upside potential is being dialed back. Not long before, Oppenheimer projected that Horton would beat earnings estimates for fiscal Q3, citing steady demand and favorable financing conditions as key tailwinds. That outlook also included a forecast that the company would hit its gross‑margin guidance, suggesting disciplined cost control and higher sales volume. The combination of a modest target cut and a bullish earnings forecast creates a mixed picture that could influence short‑term investor sentiment. In the next 1–10 trading days, the mandate must watch how the earnings release compares to the consensus, especially whether the margin target is met and if the guidance for revenue growth holds. A stronger‑than‑expected earnings beat could offset the target reduction, while a miss could reinforce the cautious stance. Traders should also monitor any updates on housing‑market demand or mortgage‑rate changes that could shift the tailwinds referenced by analysts. If the mandatory must see a divergence between the earnings outcome and the price‑target adjustment, it will be a key indicator of market confidence. Finally, keep an eye on any subsequent analyst revisions that might follow the earnings announcement, as they will likely refine the short‑term outlook.
Earnings Summary
D.R. Horton, Inc. (DHI) is a leading U.S. homebuilder that acquires land, develops residential communities, and constructs single‑family detached and attached homes across 36 states and 126 markets, while also offering mortgage, title, and lot development services to create a vertically integrated model. The company operates within the consumer cyclical sector, specifically residential construction, and also engages in multi‑family and rental property development, insurance, and water rights management. In the most recent quarter, Q3 2025, DHI reported revenue of $9.68 billion, up from $9.23 billion in Q2 2025 and $7.73 billion in Q1 2025, reflecting a steady acceleration in top‑line growth; EPS rose to $3.04 from $3.36 in Q2 2025 and $2.58 in Q1 2025, indicating a slight deceleration in earnings momentum. Compared with the prior two quarters, the company beat consensus estimates in Q4 2024 and Q2 2025 but missed in Q1 2025 and Q3 2025, resulting in a 50 % beat rate over the last four quarters. Historically, DHI has maintained a consistent revenue expansion trajectory, with a 27 % year‑over‑year increase from Q4 2024 to Q3 2025 and a 16 % EPS rise, yet the pattern of alternating beats and misses suggests earnings volatility amid a growing sales pipeline. Recent analyst commentary highlights that the firm’s stock price near $164 remains justified by its 87.2 % five‑year return, yet a projected 10.71 % EPS decline and 0.42 % revenue drop for the upcoming quarter signal tightening profitability; rising mortgage rates and debt refinancing risk are cited as potential headwinds that could dampen construction activity and pressure valuation multiples. Investors should watch the July 21 2026 earnings announcement for confirmation of revenue and cost‑control performance, monitor the debt maturity schedule and refinancing prospects, and keep an eye on Fed rate moves that could further influence housing demand and construction demand, as these factors will be key to assessing DHI’s near‑term earnings trajectory.

EPS

EstBeatMiss
$2.07$2.44$2.80$3.16$3.53Q4'24Q1'25Q2'25Q3'25Q2'26Q3'26
QtrEstActual+/−
Q3'26$2.99 - -
Q2'26$2.80$2.24-20.0%
Q3'25$3.29$3.04-7.7%
Q2'25$2.87$3.36+16.9%
Q1'25$2.65$2.58-2.6%
Q4'24$2.37$2.61+10.0%

Revenue

EstBeatMiss
$7.2B$7.9B$8.6B$9.3B$10.0BQ4'24Q1'25Q2'25Q3'25Q2'26Q3'26
QtrEstActual+/−
Q3'26$9.3B - -
Q2'26$9.0B$7.6B-16.1%
Q3'25 - $9.7B -
Q2'25 - $9.2B -
Q1'25 - $7.7B -
Q4'24 - $7.6B -
Full Earnings BreakdownEstimates, actuals, guidance, and historical context
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Market Data

DHI Stock Snapshot

DHI is currently trading at $151.58, giving D.R. Horton, Inc. a market cap of 43.23B and a P/E ratio of 13.6. Today's range spans $149.06–$153.94, with shares opening at $149.65 and moving down $0.01 (0.0%) from the prior close. DailyIQ's technical score sits at 50/100 (HOLD) with a news sentiment reading of 50/100.

Over the past year DHI has traded between $129.11 and $184.55 - the current price is +17.4% off the 52-week low and -17.9% from the high. 27 analysts cover the stock with a Hold consensus and a mean 12-month target of $168.23 (range $123.00–$206.00), implying upside of +11.0%.

It's a pause for DHI: technical score 50/100 (HOLD), sentiment neutral (50/100), price $151.58 (in the lower half of its 52-week range). (P/E: 13.6) At 43.23B in Consumer Cyclical market cap, pauses like this often occur when the stock has run ahead of near-term fundamental catalysts and is waiting for earnings or macro data to validate the prior move. Annual range: $129.11–$184.55. The consolidation is the story for now.

Portfolio construction in Consumer Cyclical often uses large-cap names like DHI as tactical swing positions during neutral phases: cheap enough to overweight, liquid enough to exit quickly, and large enough to provide meaningful sector beta. The current 50/100 (HOLD) at $151.58 (in the lower half of its 52-week range) and neutral sentiment (50/100) frame the position as a catalyst play within the $129.11–$184.55 annual range rather than a directional bet.