Equity Profile

DHI

D.R. Horton, Inc.

Consumer DiscretionaryHomebuilding$41.7B

Jul21Tue

Pre-Earnings Brief

UpcomingQ3-2026Pre-Market9:00 AM EDT

Company Snapshot

D.R. Horton, Inc....

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of profitability and will help investors gauge the company's financial health this quarter.

N/A

Revenue Growth

Revenue growth reflects demand for new homes and can indicate how well D.R. Horton is navigating the current housing market.

N/A

1 more metrics, Wall Street expectations, options signals, track record, and call prep available with Pro.

DHI Q3-2026 Earnings Preview

Context

Company Snapshot

D.R. Horton, Inc. is a leading homebuilder in the U.S., operating in the consumer discretionary sector. The company plays a crucial role in the housing market, which is influenced by consumer spending, interest rates, and economic conditions.

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

63%

Avg EPS Surprise

+3.46%

Avg Stock Reaction

+2.98%

Last Quarter Recap

In Q2-2026, D.R. Horton reported an EPS of $2.24, exceeding expectations by nearly 4%. The stock reacted positively, gaining 5.78% the following day.

Management Promises & Guidance

Expectations

Wall Street Expectations

Investors are cautiously optimistic ahead of the earnings report, hoping for continued strong performance in a challenging housing market.

Bull Case

If D.R. Horton reports strong EPS and revenue growth, it could signal robust demand for new homes, driving the stock higher.

Bear Case

Conversely, if the company misses expectations or reports declining orders, it may raise concerns about the sustainability of its growth.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will be the net orders for the quarter?

Net orders are a critical indicator of future revenue and demand, and any significant changes could impact investor sentiment.

How does management view the current housing market conditions?

Management's insights on market conditions will help investors understand potential challenges and opportunities ahead.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating the strength of the housing market, particularly in certain regions where demand remains robust despite broader economic concerns.

Supporting Evidence

D.R. Horton has a strong track record of beating EPS estimates, with a 63% beat rate over the last eight quarters.

The options market is pricing in a larger move than historical averages, indicating potential for a significant reaction.

Recent trends in home sales suggest a rebound in demand, which could positively impact D.R. Horton's performance.

Key Risk

If net orders exceed expectations, it could shift the narrative significantly, leading to a bullish outlook.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance will hinge on how well D.R. Horton is managing demand in a fluctuating housing market.

Bull Confirmed If

Reporting net orders growth of 10% or more compared to the previous quarter would confirm the bull case.

Bear Confirmed If

A decline in net orders or a significant miss on EPS would confirm the bear case.

Pre-Earnings Positioning

Options Market

Implied Move

±10.15%

Historical Avg

±6.0%

Pricing rich

The options market is pricing in a significant move, suggesting that investors are anticipating volatility around the earnings announcement.

Options are pricing ±10.2% while DHI has averaged ±6.0% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.4%

30d HV

39.4%

Calls (182K)P/C Ratio: 1.66Puts (45K)

Edge

Historical Setup Match

Cross-company pattern from 30 similar setups.

Prior-quarter beat + options rich in Consumer Discretionary

n=30

Fade rate: 8 of 21 (38%)

This setup has occurred 30 times across Consumer Discretionary in the last 2 years. 13 of 21 (62%) held or extended their move within 5 days — this setup typically holds direction. The average absolute 1-day move is 4.9%, with a raw directional average of +2.2% (modestly positive historical bias).

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If D.R. Horton beats expectations, history suggests the stock could rise by around 6.24%, confirming strong demand.

In-Line / Cautious

If results are in line but management expresses caution, the stock may react moderately, reflecting uncertainty in the market.

Miss

A miss could lead to a decline of about 2.43%, as investors reassess the company's growth prospects.

Preparation

Congressional Activity

House & Senate STOCK Act disclosures over the trailing 6 months.

Trades

0 buys·1 sell

Members

House only

Est. Notional

$1,001.00–$15,000.00

disclosed dollar ranges

Most Active Members

D-CAGilbert CisnerosRep.
1

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on net orders and how they compare to previous quarters.
2Management's commentary on the current housing market and economic conditions.
3Insights into cost pressures and how they are affecting margins.
4Any guidance on future revenue expectations and market outlook.
5Details on geographic performance and any regional strengths or weaknesses.

See the full picture

AI-powered briefs, options data, and 20 quarters of history — everything you need before earnings.

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Company Snapshot

D.R. Horton, Inc....

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of profitability and will help investors gauge the company's financial health this quarter.

N/A

Revenue Growth

Revenue growth reflects demand for new homes and can indicate how well D.R. Horton is navigating the current housing market.

N/A

1 more metrics, Wall Street expectations, options signals, track record, and call prep available with Pro.

DHI Q3-2026 Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

63%

Avg EPS Surprise

+3.46%

Avg Stock Reaction

+2.98%

Last Quarter Recap

In Q2-2026, D.R. Horton reported an EPS of $2.24, exceeding expectations by nearly 4%. The stock reacted positively, gaining 5.78% the following day.

Management Promises & Guidance

Expectations

Wall Street Expectations

Investors are cautiously optimistic ahead of the earnings report, hoping for continued strong performance in a challenging housing market.

Bull Case

If D.R. Horton reports strong EPS and revenue growth, it could signal robust demand for new homes, driving the stock higher.

Bear Case

Conversely, if the company misses expectations or reports declining orders, it may raise concerns about the sustainability of its growth.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will be the net orders for the quarter?

Net orders are a critical indicator of future revenue and demand, and any significant changes could impact investor sentiment.

How does management view the current housing market conditions?

Management's insights on market conditions will help investors understand potential challenges and opportunities ahead.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating the strength of the housing market, particularly in certain regions where demand remains robust despite broader economic concerns.

Supporting Evidence

D.R. Horton has a strong track record of beating EPS estimates, with a 63% beat rate over the last eight quarters.

The options market is pricing in a larger move than historical averages, indicating potential for a significant reaction.

Recent trends in home sales suggest a rebound in demand, which could positively impact D.R. Horton's performance.

Key Risk

If net orders exceed expectations, it could shift the narrative significantly, leading to a bullish outlook.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance will hinge on how well D.R. Horton is managing demand in a fluctuating housing market.

Bull Confirmed If

Reporting net orders growth of 10% or more compared to the previous quarter would confirm the bull case.

Bear Confirmed If

A decline in net orders or a significant miss on EPS would confirm the bear case.

Pre-Earnings Positioning

Options Market

Implied Move

±10.15%

Historical Avg

±6.0%

Pricing rich

The options market is pricing in a significant move, suggesting that investors are anticipating volatility around the earnings announcement.

Options are pricing ±10.2% while DHI has averaged ±6.0% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.4%

30d HV

39.4%

Calls (182K)P/C Ratio: 1.66Puts (45K)

Edge

Historical Setup Match

Cross-company pattern from 30 similar setups.

Prior-quarter beat + options rich in Consumer Discretionary

n=30

Fade rate: 8 of 21 (38%)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If D.R. Horton beats expectations, history suggests the stock could rise by around 6.24%, confirming strong demand.

In-Line / Cautious

If results are in line but management expresses caution, the stock may react moderately, reflecting uncertainty in the market.

Miss

A miss could lead to a decline of about 2.43%, as investors reassess the company's growth prospects.

Preparation

Congressional Activity

House & Senate STOCK Act disclosures over the trailing 6 months.

Trades

0 buys·1 sell

Members

House only

Est. Notional

$1,001.00–$15,000.00

disclosed dollar ranges

Most Active Members

D-CAGilbert CisnerosRep.
1

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on net orders and how they compare to previous quarters.
2Management's commentary on the current housing market and economic conditions.
3Insights into cost pressures and how they are affecting margins.
4Any guidance on future revenue expectations and market outlook.
5Details on geographic performance and any regional strengths or weaknesses.