Sees Q4 homes closed 23,500-24,000. Sees Q4 gross margin 21%-21.5%. Sees Q4 gross profit margin 13.6%-14.1%. Backs FY25 tax rate view 24%. Says expects sales incentives to remain elevated in Q4. Says has positive outlook for housing market over medium to long term. Says expects starts in Q4 to be lower than Q3. Comments and guidance taken from Q3 earnings conference call.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on DHI:
- D.R. Horton reports Q3 homes sales revenues of $8.6B on 23,160 homes closed
- D.R. Horton reports Q3 EPS $3.36, consensus $2.90
- D.R. Horton narrows FY25 revenue view to $33.7B-$34.2B from $33.3B-$34.8B
- LEN, TOL, DHI: U.S. Homebuilders Cut Prices at Fastest Pace in Three Years as Economy Slows
- D R Horton put volume heavy and directionally bearish