NYSE$DHI
D.R. Horton Inc · Q4 2020 earnings
Q4 2020 earnings · · Investor relations
Briefing
Net income and revenue increased driven by a rise in home sales.
D.R. Horton reported a strong fourth quarter for fiscal year 2020, with net income attributable to D.R. Horton increasing 64% to $829.0 million and consolidated revenues increasing 27% to $6.4 billion compared to the same quarter of fiscal 2019. Net sales orders increased 81% to 23,726 homes and 84% in value to $7.3 billion. The company is well-positioned for another great year in fiscal 2021.
- Net income attributable to D.R. Horton increased 64% to $829.0 million, or $2.24 per diluted share.
- Consolidated revenues increased 27% to $6.4 billion.
- Net sales orders increased 81% to 23,726 homes and 84% in value to $7.3 billion.
- Homes closed increased 26% to 20,248 homes and 28% in value to $6.1 billion.
Headline financials
Revenue & EPS history
D.R. Horton · Revenue · Quarterly
$6.4B
Revenue by segment
D.R. Horton · $6.35B total across 2 segments · Q4 2020
- Home Sales$6.13B—96.5%
- Financial Services$221M—3.5%
Forward guidance
D.R. Horton provided initial guidance for fiscal 2021 including consolidated revenues of $24.0 billion to $25.0 billion, homes closed between 77,000 homes and 80,000 homes, and an income tax rate of approximately 24%.
Tailwinds
- Consolidated revenues of $24.0 billion to $25.0 billion
- Homes closed between 77,000 homes and 80,000 homes
- Income tax rate of approximately 24%
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q4 2020
+0.3%
Avg return
Earnings day
+0.9%
Avg return
5 days after
+2.4%
Avg return
30 days after
43%
30 / 69 earnings
Positive
+15.3%
Q2 2020
Best reaction
-12.9%
Q3 2014
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q2 2026 | -0.2% | -1.8% | -11.3% | |
| Q1 2026 | -1.7% | -3.5% | +5.0% | |
| Q4 2025 | -3.2% | -6.2% | -1.3% | |
| Q3 2025 | -1.0% | +1.5% | +7.4% | |
| Q2 2025 | +3.2% | +6.3% | +7.0% | |
| Q1 2025 | -0.5% | -3.2% | -12.8% | |
| Q4 2024 | -6.1% | -7.1% | -6.1% | |
| Q3 2024 | +10.4% | +12.1% | +13.0% | |
| Q2 2024 | -2.4% | +1.6% | +4.0% | |
| Q1 2024 | -11.7% | -10.9% | -8.0% | |
| Q4 2023 | +3.5% | +4.2% | +15.8% | |
| Q3 2023 | -0.2% | +2.5% | -8.2% | |
| Q2 2023 | +4.6% | +6.2% | +8.2% | |
| Q1 2023 | -0.2% | +0.9% | -3.6% | |
| Q4 2022 | +14.6% | +11.2% | +16.5% | |
| Q3 2022 | +5.9% | +2.9% | +1.6% | |
| Q2 2022 | -5.5% | -6.2% | -1.8% | |
| Q1 2022 | -1.4% | -4.6% | -4.5% | |
| Q4 2021 | +2.5% | +5.5% | +15.4% | |
| Q3 2021 | +2.3% | +1.8% | +3.7% | |
| Q2 2021 | +5.3% | +7.8% | -3.0% | |
| Q1 2021 | -5.5% | -2.7% | -5.6% | |
| Q4 2020 | +12.2% | +12.8% | +7.7% | |
| Q3 2020 | +0.0% | -0.6% | +8.9% | |
| Q2 2020 | +15.3% | +10.5% | +32.8% | |
| Q1 2020 | +4.9% | +1.2% | -3.3% | |
| Q4 2019 | +3.2% | +1.6% | +3.2% | |
| Q3 2019 | +4.4% | +6.8% | +12.0% | |
| Q2 2019 | -5.7% | -5.1% | -4.4% | |
| Q1 2019 | -5.0% | -1.9% | +6.6% | |
| Q4 2018 | -8.5% | -7.7% | -3.0% | |
| Q3 2018 | +11.0% | +10.5% | +13.7% | |
| Q2 2018 | +0.4% | -1.5% | -5.1% | |
| Q1 2018 | -0.9% | -7.8% | -13.4% | |
| Q4 2017 | +1.3% | +4.9% | +11.8% | |
| Q3 2017 | -2.5% | -3.5% | -3.3% | |
| Q2 2017 | -3.2% | -3.8% | -0.5% | |
| Q1 2017 | +9.2% | +7.7% | +7.8% | |
| Q4 2016 | -6.2% | -6.9% | +0.4% | |
| Q3 2016 | -1.3% | -1.4% | -7.4% | |
| Q2 2016 | -0.9% | — | — | |
| Q1 2016 | -1.3% | — | — | |
| Q4 2015 | +11.3% | — | — | |
| Q3 2015 | +6.9% | — | — | |
| Q2 2015 | -8.4% | — | — | |
| Q1 2015 | +4.6% | — | — | |
| Q4 2014 | +2.5% | — | — | |
| Q3 2014 | -12.9% | — | — | |
| Q2 2014 | +5.3% | — | — | |
| Q1 2014 | +10.4% | — | — | |
| Q4 2013 | +5.5% | — | — | |
| Q3 2013 | -8.8% | — | — | |
| Q2 2013 | +8.1% | — | — | |
| Q1 2013 | +8.2% | — | — | |
| Q4 2012 | -6.6% | — | — | |
| Q3 2012 | -4.8% | — | — | |
| Q2 2012 | +1.0% | — | — | |
| Q1 2012 | -0.3% | — | — | |
| Q4 2011 | -2.5% | — | — | |
| Q4 2010 | -4.2% | — | — | |
| Q3 2011 | -4.2% | — | — | |
| Q2 2011 | -0.1% | — | — | |
| Q1 2010 | -3.3% | — | — | |
| Q1 2011 | +2.7% | — | — | |
| Q4 2008 | -3.4% | — | — | |
| Q2 2010 | -3.4% | — | — | |
| Q3 2009 | -6.8% | — | — | |
| Q3 2010 | -6.8% | — | — | |
| Q4 2009 | -6.8% | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro