D.R. Horton, Inc. DHI shares are rising on Wednesday. Shares of homebuilders are trading higher in sympathy with Meritage Homes MTH, which reported better-than-expected third-quarter results.
What To Know: Meritage posted third-quarter earnings results after hours on Tuesday. The company reported quarterly earnings of $5.98 per share which beat the analyst consensus estimate of $5.14, a 15.77% decrease over earnings of $7.10 per share from the same period last year.
The company reported quarterly sales of $1.61 billion which beat the analyst consensus estimate of $1.57 billion, a 2.22% increase over sales of $1.58 billion from the same period last year.
D.R. Horton is set to report fourth-quarter results on Nov. 7. The company is estimated to report earnings of $3.93 per share and revenue of $10.01 billion.
Related Link: Why Telecommunications Company Frontier's Stock Is Sliding Today
DHI Price Action: Shares of DHI were up 4.45% at $109.05 at the time of publication, according to Benzinga Pro.
Image by Paul Brennan from Pixabay
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
