D.R. Horton (DHI) Stock Sinks As Market Gains: Here's Why

D.R. Horton (DHI) closed at $133.23, down 1.31% and lagging market gains. The homebuilder has dropped 5.43% over the past month. While trading at a discount with a Forward P/E of 11.57, the company faces headwinds with a Zacks Rank #4 (Sell) rating. Consensus estimates show a 0.66% EPS increase but a 6.66% revenue decline for the upcoming quarter, with annual projections showing -9.59% earnings decline and -4.18% revenue decrease. The Building Products - Home Builders industry ranks in the bottom 3% of all industries.