Earnings Preview: D.R. Horton Reports Results Friday

| About: D. R. (DHI)

D.R. Horton, Inc. (NYSE:DHI) is anticipated to report earnings before the opening bell on Friday, November 11, 2011.

D.R. Horton, Inc. operates as a homebuilding company in the United States. The company was founded in 1978 and is based in Fort Worth, Texas. DHI trades an average of 7.9 million shares per day.

52-Week High: $13.50
52-Week Low: $8.03
Book Value: $8.20
Float Short: 7.99%

Analysts are expecting an improvement of $0.06 in earnings per share compared to last quarter's results of $0.09. Investors will be looking to see a number north of $0.15 per share, based on the earnings estimates. Analyst estimates range between $0.08 and $0.25 per share.

The P/E ratio has been discounted, as the current trailing twelve months (ttm) P/E ratio is 116.8, while the forward P/E ratio is now 44.1. It appears, based on the lower PE, that investors are pricing in less growth. The stock has moved higher in price 21.16% in the last month, with a one-year change of -2.50%. When comparing to the S&P 500, the year-to-date difference is -2.37%.

Revenue year-over-year has increased to $4.31 billion for 2010 vs. $3.60 billion for 2009. The bottom line has rising earnings year-over-year of $245.10 million for 2010 vs. $-549.80 million for 2009. The company's earnings before income and taxes are rising, with an EBIT year-over-year of $82.90 million for 2010 vs. $-535.90 million for 2009.

Here is a look at the fiscal year revenue:

paid2trade.com revenue gross bar chart for DHI

Gross reported revenue compared to the mean estimate (rounded).

Fiscal Quarter Ending Month-Year Revenue Estimates Actual $ Difference Difference %
Jun-11 $ 986.78 M $ 975.40 M $ -11.38 M -1.15%
Mar-11 $ 762.24 M $ 733.00 M $ -29.24 M -3.84%
Dec-10 $ 790.87 M $ 788.20 M $ -2.67 M -0.34%
Sep-10 $ 851.20 M $ 948.40 M $ 97.20 M 11.42%
Jun-10 $ 1.34 B $ 1.41 B $ 67.05 M 5.01%
M = millions, B = billion.
Differences are rounded.
Some onetime items are often excluded in reported EPS.

paid2trade.com Quarterly Estimates And Actual EPS results DHI

Reported earnings per share compared to the mean estimate. Differences are rounded.

The total short interest number of shares for DHI:

paid2trade.com short interest tool. The total short interest number of shares for DHI

The number of days to cover short interest based on average daily trading volume for DHI.

paid2trade.com number of days to cover short interest based on average daily trading volume for DHI

I use a proprietary blend of technical analysis, financial crowd behavior, and fundamentals in my short-term trades, and while not totally the same in longer swing trades to investments, the concepts used are similar. You may want to use this article as a starting point of your own research with your financial planner. I use Seeking Alpha, Edgar Online, and Yahoo Finance for most of my data. I use the confirmed symbols from earnings.com that I believe to be of the most interest.

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

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Tagged: , Residential Construction, Earnings
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