D. R. Horton (NYSE: DHI) reported Q1 EPS of $3.17, $0.38 better than the analyst estimate of $2.79. Revenue for the quarter came in at $7.1 billion versus the consensus estimate of $6.71 billion.

GUIDANCE:

D. R. Horton sees FY2022 revenue of $34.5-35.5 billion, versus the consensus of $33.26 billion.

• Based on current market conditions and the Company’s results for the first quarter of fiscal 2022, D.R. Horton is updating its fiscal 2022 guidance for consolidated revenues to a range of $34.5 billion to $35.5 billion.
• The Company reaffirms its previously issued fiscal 2022 guidance for other metrics including:
• Homes closed between 90,000 homes and 92,000 homes
• Income tax rate of approximately 24%
• Outstanding share count at the end of fiscal 2022 approximately 2% lower than at the end of fiscal 2021
• The Company plans to also provide guidance for its second quarter of fiscal 2022 on its conference call today.

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