| DHI |
Report |
Fiscal Q3 EPS |
MISS |
pred ~$2.93 vs. cons $3.00 |
MEDIUM |
| DHI |
Report |
Q3 Consolidated Revenue |
IN-LINE |
pred ~$8.9B vs. cons $8.95B |
MEDIUM |
| DHI |
Report |
Q3 Home Sales Gross Margin |
MISS |
pred ~19.5% vs. cons 19.9% |
MEDIUM |
| DHI |
Guide |
FY26 Revenue Guidance |
UNCHANGED |
guide ~$33.5-34.0B vs. cons $34.0B (FY26) |
MEDIUM |
| DHI |
Guide |
FY26 Homes Closed Guidance |
LOWER |
guide ~85,500 vs. cons 86,800 (FY26) |
MEDIUM |
| DHI |
Guide |
Q4/FY26 Gross Margin Commentary (incentives) |
LOWER |
guide ~19.3-19.7% vs. cons 19.8% (Q4 FY26) |
MEDIUM |
| DHI |
Guide |
FY26 Share Buyback Pace |
UNCHANGED |
guide ~$2.5B vs. cons $2.5B (FY26) |
LOW |
| DHI |
Return |
Day-1 residual (stock − beta × S&P 500) |
-2.5% |
— |
MEDIUM |
| DHI |
Return |
5-day cumulative residual |
-3.5% (FOLLOW-THROUGH) |
Rising mortgage rates since the Q2 print (6.55-6.75% vs ~6.3% assumed) skew risk toward further incentive-driven margin erosion; even if Q3 prints roughly in-line, an implicit trim to Q4/FY26 closings and margin guidance (given the 'light on closings' admission last quarter) forces sell-side EPS cuts for FY26 and FY27 that typically play out over the following days as models get updated, extending the initial negative reaction rather than reversing it. |
MEDIUM |