PHG - Will supply chain disruption material cost labor issues continue to weigh on D. R. Horton's FQ4 earnings and beyond?
D. R. Horton (NYSE:DHI) is scheduled to announce FQ4 earnings results on Tuesday, November 9th, before market open. The consensus EPS Estimate is $3.39 (+51.3% Y/Y) and the consensus Revenue Estimate is $7.78B (+21.6% Y/Y). In September, the company lowered it its home closed outlook for Q4 and now expects homes closed to be in a range of 21,300 homes to 21,700 homes compared to the previous range of 23,000 homes to 24,500 homes, due to continuing significant disruptions in the supply chain, including shortages and delivery delays in certain building materials along with tightness in the labor market. Homebuilder company PulteGroup (NYSE:PHG) shares slipped despite Q3 beat as supply chain issues continues to haunt the sector. Meritage Homes (NYSE:MTH) upbeat Q3 earnings. Over the last 1 year, DHI has beaten EPS estimates 100% of the time and has beaten revenue estimates 100% of the time. Taylor Morrison Home (NYSE:TMHC) surged after Q3 beat
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Will supply chain disruption, material cost, labor issues continue to weigh on D. R. Horton's FQ4 earnings and beyond?