Dr Horton Earnings Preview: Can This Streak Continue?

Dr Horton (NYSE:DHI) will report earnings before markets open on Friday, April 26th. D.R. Horton, Inc. constructs and sells single-family homes designed primarily for the entry-level and move-up markets. The Company operates in the Midwest, Mid-Atlantic, Southeast, Southwest, and Western regions of the United States. D.R. Horton also, through its financial services operations, provide mortgage financing and title agency services to homebuyers.

Here is your Cheat Sheet to Dr Horton Earnings:

Earnings Expectations: Analysts expect earnings of $0.19 per share on revenues of $1.26 billion. Currently, the company’s P/E ratio stands at 7.86.

Analyst Trends:

Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $0.26 to a profit $0.3. For the current year, the average estimate is a profit of $1.03, which is better than the estimate ninety days ago.

Earnings Trends:

Here’s how Dr Horton has been performing on an annual basis:

Fiscal Year 2008 2009 2010 2011 2012
Revenue ($) in millions 6,646 3,658 4,400 3,637 4,354
Diluted EPS ($) -8.34 -1.73 0.77 0.23 2.77

Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:

Quarter Dec. 31, 2011 Mar. 31, 2012 Jun. 30, 2012 Sep. 30, 2012 Dec. 31, 2012
Revenue ($) in millions 906.60 961.20 1,150 1,336 1,275
Diluted EPS ($) 0.09 0.13 2.22 0.33 0.20

Past Performance:
Dr Horton has beat analyst estimates 4 times in the past four quarters. Shareholders could expect a boost if the company beats estimates.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)