By Denny Jacob

D.R. Horton is scheduled to report its second-quarter results Thursday before the market opens. Here is what you need to know.

REVENUE: The home builder is expected to post $8.03 billion in revenue for the quarter, down from $9.11 billion in the prior-year period, according to analysts polled by FactSet.

NET INCOME: The Arlington, Texas, company is expected to post $842.1 million in net income compared with $1.17 billion in the year-earlier period, according to analysts polled by FactSet.

EPS: Earnings are expected to come in at $2.63 per share, according to analysts polled by FactSet.

The stock declined around 9.1% during the quarter and recently traded around $118.75.

WHAT TO WATCH

--A bevy of economic indicators threaten to derail any budding momentum in the housing market. Investors will look for details on how the crucial spring selling season is panning out for D.R. Horton as a mix of inflation, tariffs and lower consumer confidence weigh on the economy.

--D.R. Horton and other builders largely expressed cautious optimism for the housing market, with the spring selling season determining its chance of improving in the second half of the year. That was mostly before all of the current tariffs put forth by the Trump administration were announced. Look for executives to detail their plans to deal with said tariffs and its implications for the market in 2025.

--While home buyers have started to come off the sidelines despite elevated housing prices and mortgage rates, the extent to which D.R. Horton relied on incentives to spur sales will help investors determine underlying demand. Home builders have used buyer-friendly measures including mortgage-rate buydowns to bring would-be buyers off the sidelines.

Write to Denny Jacob at denny.jacob@wsj.com

(END) Dow Jones Newswires

April 16, 2025 14:32 ET (18:32 GMT)

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