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， 霍頓房屋 （D.R. Horton， 紐交所：DHI）剛剛公佈了最新季度業務數據，結果非常出色。總體而言，營業收入好於分析師預測，達到了100億美元的水平，超額完成了3.8％。每股收益（EPS）爲4.10美元，比分析師預期高出了8.2％。這對於投資者來說是一個重要時刻，他們可以通過報告跟蹤公司的業績狀況，查看專家對該公司明年的預測，以及查看業務預期是否有任何變化。讀者們會很高興知道，我們已經彙總了最新的營業預測，以查看分析師在最新結果之後是否改變了對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.
根據最新的數據，霍頓房屋的17位分析師預測2025年營業收入將達到395億美元，相比過去12個月，這是一個合理的5.9％增長。預計每股收益將增加4.8％，達到16.02美元。在此業績之前，分析師預測2025年收入爲394億美元，每股收益爲15.54美元。因此，整體上看，分析師在霍頓房屋的盈利潛力方面變得更爲樂觀。
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.
共識的目標價上漲了13％，達到190美元，這表明更高的盈利預測也會影響該股票的估值。查看分析師預測的範圍可能也是有益的，以評估非正常意見與平均水平的差異。不同的分析師對霍頓房屋存在一些不同的看法，最看好的分析師估值爲每股218美元，最看淡的爲每股130美元。分析師對業務的看法確實存在差異，但在我們看來，預測的範圍並不足夠廣，暗示着霍頓房屋股東不可能面臨極端情況。
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.
現在看更大的畫面，我們可以通過比較這些預測與過去的業績和行業增長預測來理解這些預測。很明顯，霍頓房屋的營業收入增長預期將大幅放緩，預計年均增長率爲4.7％，相比過去五年的歷史增長率17％。將其與行業中其他預計實現營收增長的公司（具有分析師預測）進行比較，預計這些公司的年均營收將增長6.0％。因此，儘管預計營收增長將放緩，但整個行業的增長速度相對於霍頓房屋來說也預期更快。
The Bottom Line
最重要的事情是分析師增加了它對下一年每股虧損的估計。令人欣慰的是，營收預測未發生重大變化，業務仍有望比整個行業增長更快。共識價格目標穩定在28.50美元，最新估計不足以對價格目標產生影響。
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.
對我們來說，最重要的是共識每股收益的升級，這表明人們對霍頓房屋明年的盈利潛力有了明顯的改善。好的方面是，營收預測沒有發生重大變化，儘管預測表明它們的表現將比整個行業更差。目標價格也有所上漲，分析師顯然認爲該業務的內在價值有所提高。
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.
在這種情況下，我們仍認爲考慮業務長期軌跡對於投資者來說更重要。我們有來自多個分析師的預測，一直持續到2026年，您可以在我們的平台免費查看。
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平台上的債務分析工具來評估霍頓房屋的債務負擔是否合理也值得考慮，詳見此處。
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
對本文有任何反饋？對內容有任何疑慮？請直接與我們聯繫。或者，發送電子郵件至editorial-team@simplywallst.com。
這篇文章是Simply Wall St的一般性文章。我們根據歷史數據和分析師預測提供評論，只使用公正的方法論，我們的文章並不意味着提供任何金融建議。文章不構成買賣任何股票的建議，也不考慮您的目標或您的財務狀況。我們的目標是帶給您基本數據驅動的長期關注分析。請注意，我們的分析可能不考慮最新的價格敏感公司公告或定性材料。Simply Wall St沒有任何股票頭寸。
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
對本文有任何反饋？對內容有任何疑慮？請直接與我們聯繫。或者，發送電子郵件至editorial-team@simplywallst.com。
譯文內容由第三人軟體翻譯。