D.R. Horton will announce its second-quarter earnings this Tuesday before the market opens. Analysts expect revenue to be roughly flat year over year, an improvement from the 7.4% decline in the same quarter last year. The company missed revenue estimates last quarter, reporting $7.56 billion, down 2.3% from a year earlier, though full-year guidance slightly topped expectations. Peers KB Home and Lennar have already reported mixed results, with KB Home beating estimates despite a 27.3% revenue drop and Lennar missing with a 5.2% decline. D.R. Horton shares are down 4.5% over the past month, trading at $149.00, while the average analyst price target stands at $168.
DR Horton IncD.R. Horton is set to report Q2 earnings; flat revenue expected, but full-year guidance previously topped expectations.
KB HomeKB Home mentioned as peer that beat estimates despite revenue drop; not the focus.
Lennar CorporationLennar mentioned as peer that missed estimates; not the focus.