"D.R. Horton's Q1 Earnings: What's in Store?"

D.R. Horton is set to report its first-quarter fiscal 2024 results, with estimates indicating a 4.4% increase in earnings per share and 5% year-over-year revenue growth. The company's homebuilding revenues are expected to have improved due to higher homes closed, but higher costs may impact margins. The Zacks model predicts an earnings beat for D.R. Horton, which currently carries a Zacks Rank #3. Other companies in the construction sector with favorable combinations for an earnings beat include Meritage Homes Corporation, THOR Industries, Inc., and Trex Company, Inc.