D. R. Horton (NYSE: DHI) reported Q1 EPS of $1.16, $0.24 better than the analyst estimate of $0.92. Revenue for the quarter came in at $3.9 billion versus the consensus estimate of $3.77 billion.

GUIDANCE:

D. R. Horton sees FY2020 revenue of $18.5-19.1 billion, versus the consensus of $18.82 billion.

The Company is updating its fiscal 2020 guidance as follows:

• Consolidated revenues of $18.5 billion to $19.1 billion compared to prior guidance of $18.5 billion to $19.0 billion
• Homes closed in the range of 60,000 homes and 61,500 homes compared to prior guidance of 60,000 homes and 61,000 homes
• Income tax rate between 23% and 24% for the second, third and fourth quarters of fiscal 2020

The Company reaffirms its previously issued fiscal 2020 guidance for other metrics including:

• Cash flow from homebuilding operations in excess of $1.0 billion
• Outstanding share count at end of fiscal 2020 down approximately 2% from end of fiscal 2019

For earnings history and earnings-related data on D. R. Horton (DHI) click here.