D.R. Horton Inc. (NYSE:DHI) on Tuesday reported upbeat fiscal third-quarter 2026 results, but the homebuilder lowered its full-year sales and home-closing guidance.

Earnings came in at $3.20 per share, beating the analyst consensus estimate of $3.06. Revenue increased to $9.23 billion from a year earlier, exceeding analysts’ expectations of $9.18 billion.

D.R. Horton lowered its fiscal 2026 revenue outlook to $32.5 billion to $33.0 billion from its prior forecast of $33.5 billion to $34.5 billion. The new range is below the analyst consensus estimate of $33.66 billion.

The company also reduced its homebuilding closing forecast to 83,800 to 84,300 homes from its previous guidance of 86,000 to 87,500 homes.

D.R. Horton shares fell 0.7% to trade at $142.50 on Wednesday.

These analysts made changes to their price targets on D.R. Horton following earnings announcement.

  • RBC Capital analyst Mike Dahl maintained the stock with an Underperform rating and raised the price target from $123 to $125.
  • Evercore ISI Group analyst Stephen Kim maintained the stock with an In-Line rating and raised the price target from $171 to $177.

Considering buying DHI stock? Here’s what analysts think:

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