D.R. Horton, Inc. Just Recorded A 8.2% EPS Beat: Here's What Analysts Are Forecasting Next
D.R. Horton, Inc. Just Recorded A 8.2% EPS Beat: Here's What Analysts Are Forecasting Next
As you might know, D.R. Horton, Inc. (NYSE:DHI) just kicked off its latest quarterly results with some very strong numbers. Results were good overall, with revenues beating analyst predictions by 3.8% to hit US$10.0b. Statutory earnings per share (EPS) came in at US$4.10, some 8.2% above whatthe analysts had expected. This is an important time for investors, as they can track a company's performance in its report, look at what experts are forecasting for next year, and see if there has been any change to expectations for the business. Readers will be glad to know we've aggregated the latest statutory forecasts to see whether the analysts have changed their mind on D.R. Horton after the latest results.
正如大家所知， 霍顿房屋 （D.R. Horton， 纽交所：DHI）刚刚公布了最新季度业务数据，结果非常出色。总体而言，营业收入好于分析师预测，达到了100亿美元的水平，超额完成了3.8％。每股收益（EPS）为4.10美元，比分析师预期高出了8.2％。这对于投资者来说是一个重要时刻，他们可以通过报告跟踪公司的业绩状况，查看专家对该公司明年的预测，以及查看业务预期是否有任何变化。读者们会很高兴知道，我们已经汇总了最新的营业预测，以查看分析师在最新结果之后是否改变了对D.R. Horton的看法。
Following the latest results, D.R. Horton's 17 analysts are now forecasting revenues of US$39.5b in 2025. This would be a reasonable 5.9% improvement in revenue compared to the last 12 months. Per-share earnings are expected to increase 4.8% to US$16.02. Before this earnings report, the analysts had been forecasting revenues of US$39.4b and earnings per share (EPS) of US$15.54 in 2025. So the consensus seems to have become somewhat more optimistic on D.R. Horton's earnings potential following these results.
根据最新的数据，霍顿房屋的17位分析师预测2025年营业收入将达到395亿美元，相比过去12个月，这是一个合理的5.9％增长。预计每股收益将增加4.8％，达到16.02美元。在此财报之前，分析师预测2025年收入为394亿美元，每股收益为15.54美元。因此，整体上看，分析师在霍顿房屋的盈利潜力方面变得更为乐观。
The consensus price target rose 13% to US$190, suggesting that higher earnings estimates flow through to the stock's valuation as well. It could also be instructive to look at the range of analyst estimates, to evaluate how different the outlier opinions are from the mean. There are some variant perceptions on D.R. Horton, with the most bullish analyst valuing it at US$218 and the most bearish at US$130 per share. Analysts definitely have varying views on the business, but the spread of estimates is not wide enough in our view to suggest that extreme outcomes could await D.R. Horton shareholders.
共识的目标价上涨了13％，达到190美元，这表明更高的盈利预测也会影响该股票的估值。查看分析师预测的范围可能也是有益的，以评估非正常意见与平均水平的差异。不同的分析师对霍顿房屋存在一些不同的看法，最看好的分析师估值为每股218美元，最看淡的为每股130美元。分析师对业务的看法确实存在差异，但在我们看来，预测的范围并不足够广，暗示着霍顿房屋股东不可能面临极端情况。
Looking at the bigger picture now, one of the ways we can make sense of these forecasts is to see how they measure up against both past performance and industry growth estimates. It's pretty clear that there is an expectation that D.R. Horton's revenue growth will slow down substantially, with revenues to the end of 2025 expected to display 4.7% growth on an annualised basis. This is compared to a historical growth rate of 17% over the past five years. Compare this against other companies (with analyst forecasts) in the industry, which are in aggregate expected to see revenue growth of 6.0% annually. So it's pretty clear that, while revenue growth is expected to slow down, the wider industry is also expected to grow faster than D.R. Horton.
现在看更大的画面，我们可以通过比较这些预测与过去的业绩和行业增长预测来理解这些预测。很明显，霍顿房屋的营业收入增长预期将大幅放缓，预计年均增长率为4.7％，相比过去五年的历史增长率17％。将其与行业中其他预计实现营收增长的公司（具有分析师预测）进行比较，预计这些公司的年均营收将增长6.0％。因此，尽管预计营收增长将放缓，但整个行业的增长速度相对于霍顿房屋来说也预期更快。
The Bottom Line
最重要的事情是分析师增加了它对下一年每股亏损的估计。令人欣慰的是，营收预测未发生重大变化，业务仍有望比整个行业增长更快。共识价格目标稳定在28.50美元，最新估计不足以对价格目标产生影响。
The biggest takeaway for us is the consensus earnings per share upgrade, which suggests a clear improvement in sentiment around D.R. Horton's earnings potential next year. On the plus side, there were no major changes to revenue estimates; although forecasts imply they will perform worse than the wider industry. There was also a nice increase in the price target, with the analysts clearly feeling that the intrinsic value of the business is improving.
对我们来说，最重要的是共识每股收益的升级，这表明人们对霍顿房屋明年的盈利潜力有了明显的改善。好的方面是，营收预测没有发生重大变化，尽管预测表明它们的表现将比整个行业更差。目标价格也有所上涨，分析师显然认为该业务的内在价值有所提高。
Keeping that in mind, we still think that the longer term trajectory of the business is much more important for investors to consider. We have estimates - from multiple D.R. Horton analysts - going out to 2026, and you can see them free on our platform here.
在这种情况下，我们仍认为考虑业务长期轨迹对于投资者来说更重要。我们有来自多个分析师的预测，一直持续到2026年，您可以在我们的平台免费查看。
It might also be worth considering whether D.R. Horton's debt load is appropriate, using our debt analysis tools on the Simply Wall St platform, here.
此外，使用Simply Wall St平台上的债务分析工具来评估霍顿房屋的债务负担是否合理也值得考虑，详见此处。
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Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
对本文有任何反馈？对内容有任何疑虑？请直接与我们联系。或者，发送电子邮件至editorial-team@simplywallst.com。