D.R. Horton Expected to Meet Q3 Margin Guidance, Beat Earnings Estimates, Oppenheimer Says

MT Newswires Live07-09

D.R. Horton (DHI) is expected to meet its fiscal Q3 gross margin guidance and exceed earnings per share estimates, as demand was in line with normal seasonality during the quarter and the company has a history of strong execution, Oppenheimer said in a note Thursday.

The brokerage said the company's gross margin likely benefits from stable incentive costs and lower stick-and-brick expenses offsetting lot cost inflation. The company is scheduled to report fiscal Q3 financial results on July 21.

However, Oppenheimer said this might have already been priced into its stock, with shares up 16% since mid-May, according to the note.

The brokerage said stable demand and incentives, ongoing market share gains, and favorable lot and construction cost trends suggest consensus estimates for fiscal 2026 and 2027 earnings might be too low.

Oppenheimer has a perform rating on the stock.

Price: 150.54, Change: +2.03, Percent Change: +1.36

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