D.R. Horton beats Q1 revenue and EPS estimates; backs FY forecast

D.R. Horton

20/01/2026 11:40

Overview

U.S. homebuilder's fiscal Q1 revenue rose, beating analyst expectations

Adjusted EPS for fiscal Q1 beat analyst expectations

Company repurchased 4.4 mln shares for $669.7 mln in Q4

Outlook

D.R. Horton expects sales incentives to remain elevated due to market conditions and mortgage interest rates

Co reiterates fiscal 2026 revenue guidance of $33.5 bln to $35.0 bln

Company expects to close 86,000 to 88,000 homes in fiscal 2026

D.R. Horton plans share repurchases of approximately $2.5 bln in fiscal 2026

Result Drivers

AFFORDABILITY CONSTRAINTS - Co said affordability constraints and cautious consumer sentiment impacted new home demand

STRONG LIQUIDITY - Co highlighted strong liquidity and operational flexibility to meet market demand

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$6.90 bln
$6.60 bln (14 Analysts)
Q1 EPS
Beat
$2.03
$1.93 (16 Analysts)
Q1 Dividend
$0.45


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 7 "strong buy" or "buy", 11 "hold" and 3 "sell" or "strong sell"

The average consensus recommendation for the homebuilding peer group is "buy."

Wall Street's median 12-month price target for D.R. Horton Inc is $159.50, about 2.3% below its January 16 closing price of $155.96

The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 14 three months ago

Press Release: ID:nBw4jJxhPa

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)