D.R. Horton Inc. lowered its forecast for annual revenue and homes closed, on supply chain challenges such as shortages and delivery delays in building materials as well as a tight labor market.
The homebuilding company now expects homes closed between 81,300 and 81,700, down from its prior forecast of 83,000 to 84,500 homes. It now projects its revenue for fiscal 2021 in the range of $27.4 billion to $27.6 billion, compared to the previous expectation of $27.6 billion to $28.1 billion.
However, the company expects higher current-quarter home sales gross margin as limited home inventory relative to strong demand is pushing prices upward.
The Moving Average Convergence Divergence (MACD) for DHI turned positive on March 19, 2024. Looking at past instances where DHI's MACD turned positive, the stock continued to rise in of 49 cases over the following month. The odds of a continued upward trend are .
The Momentum Indicator moved above the 0 level on March 19, 2024. You may want to consider a long position or call options on DHI as a result. In of 82 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
DHI moved above its 50-day moving average on February 29, 2024 date and that indicates a change from a downward trend to an upward trend.
The 10-day moving average for DHI crossed bullishly above the 50-day moving average on March 05, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In of 12 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where DHI advanced for three days, in of 338 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Aroon Indicator entered an Uptrend today. In of 349 cases where DHI Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
The RSI Oscillator demonstrated that the stock has entered the overbought zone. This may point to a price pull-back soon.
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 6 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where DHI declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
DHI broke above its upper Bollinger Band on March 20, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating outstanding price growth. DHI’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 53, placing this stock better than average.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is fair valued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (2.358) is normal, around the industry mean (6.240). P/E Ratio (11.855) is within average values for comparable stocks, (89.066). Projected Growth (PEG Ratio) (0.650) is also within normal values, averaging (1.449). DHI has a moderately low Dividend Yield (0.007) as compared to the industry average of (0.043). P/S Ratio (1.560) is also within normal values, averaging (75.201).
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
a company which engages in construction and sale of single family homes
Industry Homebuilding