5 Stocks Making Big Moves on Earnings Reports

In this article, we discuss the 5 stocks making big moves on earnings reports. If you want to read our detailed analysis of these companies, go directly to the 10 Stocks Making Big Moves on Earnings Reports.

5. D.R. Horton, Inc. (NYSE:DHI)

Number of Hedge Fund Holders: 45

Shares of D.R. Horton, Inc. (NYSE:DHI) hit a nearly three-month high on Tuesday, 9 November 2021, after announcing better-than-expected profit and sales for its fiscal fourth quarter. The home construction company reported earnings of $3.70 per share, well above $2.24 per share in the year-ago quarter.

Analysts were expecting D.R. Horton, Inc. (NYSE:DHI)  to report earnings of $3.39 per share. Revenue came in at $8.109 billion versus $6.40 billion in the year-ago quarter and above analysts’ average estimate of $7.829 billion.

Speaking on the results, Chairman Donald Horton said in a statement:

“Housing market conditions remain very robust, with homebuyer demand exceeding our current capacity to deliver homes across most of our markets. We have continued to experience significant disruptions in our supply chain, including shortages and delivery delays in certain building materials along with tightness in the labor market.”