Forestar Reports Fiscal 2024 Third Quarter Results
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Go back to Forestar Reports Fiscal 2024 Third Quarter Results
July 19, 2024 6:24 AM EDT
RBC Capital analyst Mike Dahl raised the price target on D.R. Horton (NYSE: DHI) to $154.00 (from $141.00) while maintaining a Underperform rating.
The analyst comments "Our FY24E EPS rises +5% to $14.64 with FY25E also +5% to $15.36, with stronger GM% offsetting weaker orders. The strong... More
July 19, 2024 4:58 AM EDT
Jefferies analyst Collin Verron raised the price target on D.R. Horton (NYSE: DHI) to $190.00 (from $168.00) while maintaining a Buy rating.
The analyst comments "DHI reported FY3Q EPS of $4.10, ahead of our $3.98 estimate ($3.77 consensus). The beat was driven by higher HB gross margin plus ASP, and higher rental PTI, partially offset by lightly higher HB SG&A/sales and lower financial... More
July 19, 2024 4:57 AM EDT
BTIG analyst Ryan Gilbert lowered the price target on Forestar Group (NYSE: FOR) to $37.00 (from $41.00) while maintaining a Buy rating.
The analyst comments "FOR reported FY3Q EPS of $0.76, below our $0.96 estimate (consensus $0.90). The miss was primarily driven by lower unit sales than we anticipated, in addition to higher SG&A/sales, slightly lower average pricing, and a higher tax rate than we modeled.... More
July 18, 2024 6:33 AM EDT
D. R. Horton (NYSE: DHI) reported Q3 EPS of $4.10, $0.33 better than the analyst estimate of $3.77. Revenue for the quarter came in at $10 billion versus the consensus estimate of $9.64 billion.
GUIDANCE:
D. R. Horton sees FY2024 revenue of $36.8-37.2 billion, versus the... More
