D.R. Horton Slips as Major Indexes Also Close Lower

D.R. Horton fell 1.48% to close at $139.42 in the latest session. The decline was steeper than the S&P 500’s 0.77% loss.

The Dow fell 0.67%, while the Nasdaq lost 0.92%. Over the past month, D.R. Horton shares have dropped 3.99%, compared with a 0.96% gain for the S&P 500.

The company is scheduled to report earnings on October 29. Consensus estimates call for quarterly earnings of $3.06 per share, up 0.66% from the same quarter a year earlier, and revenue of $9.03 billion, down 6.66%.

For the full year, Zacks consensus estimates put earnings at $10.45 per share and revenue at $32.81 billion. Those forecasts represent year-over-year declines of 9.68% and 4.2%, respectively.