D.R. Horton (DHI) Q4 Earnings: Revenue Expected to Decline 12.4% YoY

D.R. Horton (NYSE: DHI) is set to report fourth-quarter results on Tuesday, January 20, 2026, before market open. Analysts expect revenue of $6.67 billion, a 12.4% decline from the same period last year, following a 3.2% year-over-year drop in Q3. Adjusted earnings are forecast at $1.92 per share. The company missed adjusted operating income and EBITDA estimates in its prior quarter despite exceeding revenue forecasts by 2.7%. Over the past 30 days, analyst estimates have remained stable, indicating cautious expectations. D.R. Horton has missed revenue targets twice in the last two years. Peer performance offers context: KB Home reported a 15.3% revenue drop but beat estimates by 2.3%, while Lennar saw a 5.8% decline and topped forecasts by 2.6%. Both stocks declined post-earnings—KB Home down 8.5%, Lennar by 4.4%. Despite sector-wide sentiment up 8.8% over the past month, D.R. Horton’s shares are trading at $155.78, below the average analyst price target of $162.36.