D.r. Horton Intrinsic Value Calculator – D.R. HORTON Reports Third Quarter Earnings for Fiscal Year 2023

🌥️Earnings Overview

For its third fiscal quarter of 2023, D.R. HORTON ($NYSE:DHI) saw revenues of USD 9.7 billion, a 10.7% increase from the same period of the previous year. Unfortunately, net income for the quarter decreased by 18.8%, coming in at USD 1.3 billion.

Share Price

On Thursday, D.R. HORTON reported their third quarter earnings for the fiscal year 2023. The stock opened at $131.8 and closed at $125.4, indicating a 1.9% decrease in value from the previous closing price of 127.8. This news caused slight concern among investors as the company had seen steady growth over the past few quarters. Analysts were mixed in their reactions to the news with some attributing the drop to an over extended market while others cited negative news reports about the company’s recent earnings call. While the news was slightly concerning, many investors remain confident in D.R. HORTON’s long-term potential as evidenced by its relatively high stock price compared to other companies in the industry.

Despite the slight drop in stock prices, D.R. HORTON is still expected to report positive growth in the upcoming quarters as they continue to expand their operations and explore new markets. The company is also confident in their ability to remain competitive in an increasingly crowded industry by offering quality products at competitive prices. For these reasons, many investors remain optimistic about the future of D.R. HORTON and its potential to continue to deliver strong returns for shareholders. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for D.r. Horton. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for D.r. Horton. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for D.r. Horton. More…

Key Ratios Snapshot

Some of the financial key ratios for D.r. Horton are shown below. More…

Analysis – D.r. Horton Intrinsic Value Calculator

At GoodWhale, we conducted an analysis of the fundamentals of D.R. HORTON. After crunching the numbers, our proprietary Valuation Line revealed an intrinsic value of around $105.7. Therefore investing in this stock at the moment is not a wise decision. More…

Peers

The competition in the homebuilding industry is fierce, with many large companies vying for market share. D.R. Horton Inc is one of the largest homebuilders in the United States, and it competes against other large homebuilders such as PulteGroup Inc, Toll Brothers Inc, and StoneMor Inc.

– PulteGroup Inc ($NYSE:PHM)

PulteGroup is one of the largest homebuilders in the United States. The company has a market cap of $9.17 billion as of 2022 and a return on equity of 24.25%. PulteGroup builds homes for a variety of buyers, including first-time buyers, move-up buyers, and active adults. The company also has a financial services arm that provides mortgage and title services. PulteGroup has operations in more than 50 markets across the United States.

– Toll Brothers Inc ($NYSE:TOL)

Toll Brothers Inc is a homebuilding company that was founded in 1967. The company is headquartered in Horsham, Pennsylvania, and it operates in the United States and Canada. As of 2022, the company has a market cap of 4.88B and a Return on Equity of 15.37%. The company builds single-family detached homes, townhomes, and condominiums. It also develops master-planned communities.

– StoneMor Inc ($NYSE:STON)

StoneMor Inc. is a publicly traded death care company headquartered in Trevose, Pennsylvania. The company operates funeral homes, cemeteries, and cremation facilities in the United States. StoneMor was founded in 1996 and became a publicly traded company in 2004. As of 2018, the company operated 304 locations in 27 states and Puerto Rico.

Summary

D.R. HORTON reported strong revenue growth for its third quarter of FY 2023, with sales increasing by 10.7% compared to the same period last year. Net income, however, dropped 18.8% year over year, totaling USD 1.3 billion. Despite the decrease in profits, investors may see D.R. HORTON as a promising long-term investment opportunity based on its strong revenue and growth potential. Investors should carefully research the company and its operations, while monitoring any updates from management to make sure their decision is based on solid and informed analysis.