Homebuilder D.R. Horton (NYSE:DHI) is set to announce earnings results on Tuesday. Last quarter, the company beat revenue expectations by 2.7% with revenues of $9.68 billion, down 3.2% year on year. Analysts expect a 12.4% revenue decline to $6.67 billion this quarter, with adjusted earnings of $1.92 per share. Peers like KB Home and Lennar have already reported Q4 results, with revenue declines of 15.3% and 5.8% respectively. D.R. Horton has seen positive sentiment among investors, with shares up 7.3% in the last month. The average analyst price target is $162.36.
Read more at StockStory Communications: What To Expect From D.R. Horton’s (DHI) Q4 Earnings
