Previous close | 17.27 |
Open | 17.45 |
Bid | 15.80 |
Ask | 17.10 |
Strike | 150.00 |
Expiry date | 2025-01-17 |
Day's range | 17.20 - 18.00 |
Contract range | N/A |
Volume | |
Open interest | 241 |
DR Horton (DHI) shares are popping higher in Thursday's pre-market session — carrying into the market open — after blowing past fiscal second-quarter earnings estimates. The homebuilder boasted revenue of $9.11 billion and adjusted gains of $3.52 per share, raising its full-year outlook despite supply slowdowns. Yahoo Finance's Seana Smith and Brad Smith highlight how homebuilder stocks such as DR Horton are managing under elevated interest rates and mortgage rates, including home prices' influence on the broader US real estate market. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Luke Carberry Mogan.
D.R. Horton's (DHI) fiscal 2024 second-quarter performance benefits from limited affordable price points and favorable demographics. Inflation and mortgage/interest rates hurt.
Although the revenue and EPS for D.R. Horton (DHI) give a sense of how its business performed in the quarter ended March 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.