Subtext

D.R. Horton, Inc. DHI

SectorConsumer Discretionary
Transcripts70
Date range2007-07-26 – 2025-04-17
Calls charted70

Sentiment timeline

Net Loughran-McDonald sentiment per call (×1000), earliest → latest.

-18-9+0+9+182007 Q32009 Q42012 Q32014 Q42017 Q12019 Q22021 Q32023 Q42007 Q3 · Overall: -13.22007 Q4 · Overall: -7.62008 Q1 · Overall: -4.92008 Q2 · Overall: -10.82008 Q3 · Overall: -8.02008 Q4 · Overall: -9.52009 Q1 · Overall: -5.12009 Q2 · Overall: -6.02009 Q3 · Overall: -3.12009 Q4 · Overall: -7.12010 Q1 · Overall: -5.12010 Q2 · Overall: +0.12011 Q1 · Overall: +0.12011 Q2 · Overall: -0.42011 Q3 · Overall: +2.92011 Q4 · Overall: -4.12012 Q1 · Overall: +1.82012 Q2 · Overall: +2.52012 Q3 · Overall: +3.92012 Q4 · Overall: +3.62013 Q1 · Overall: +4.42013 Q2 · Overall: +5.92013 Q3 · Overall: -1.02013 Q4 · Overall: +3.02014 Q1 · Overall: +8.12014 Q2 · Overall: +4.42014 Q3 · Overall: +3.52014 Q4 · Overall: +3.72015 Q1 · Overall: +7.12015 Q2 · Overall: +6.52015 Q3 · Overall: +10.82015 Q4 · Overall: +7.52016 Q1 · Overall: +7.12016 Q2 · Overall: +9.22016 Q3 · Overall: +15.32016 Q4 · Overall: +7.52017 Q1 · Overall: +10.02017 Q2 · Overall: +6.92017 Q3 · Overall: +9.12017 Q4 · Overall: +9.22018 Q1 · Overall: +5.32018 Q2 · Overall: +11.92018 Q3 · Overall: +12.62018 Q4 · Overall: +1.62019 Q1 · Overall: +8.62019 Q2 · Overall: +6.42019 Q3 · Overall: +7.02019 Q4 · Overall: +8.02020 Q1 · Overall: +6.32020 Q2 · Overall: -5.32020 Q3 · Overall: +6.52020 Q4 · Overall: +8.62021 Q1 · Overall: +6.52021 Q2 · Overall: +5.52021 Q3 · Overall: +4.12021 Q4 · Overall: +6.92022 Q1 · Overall: +2.82022 Q2 · Overall: +4.42022 Q3 · Overall: -3.92022 Q4 · Overall: -0.42023 Q1 · Overall: +5.02023 Q2 · Overall: +12.02023 Q3 · Overall: +6.62023 Q4 · Overall: +5.02024 Q1 · Overall: +3.82024 Q2 · Overall: +2.82024 Q3 · Overall: +4.82024 Q4 · Overall: +0.32025 Q1 · Overall: +5.02025 Q2 · Overall: +3.5
Overall

CEO vs CFO

Average sentiment of each executive's remarks per call. Divergence is a signal.

-39-20+0+20+392007 Q32009 Q42012 Q32014 Q42017 Q12019 Q22021 Q32023 Q42007 Q3 · CEO: -10.32007 Q4 · CEO: -2.42008 Q4 · CEO: -6.82009 Q1 · CEO: -4.82009 Q2 · CEO: +3.22009 Q3 · CEO: +4.42009 Q4 · CEO: +0.92010 Q1 · CEO: -0.52010 Q2 · CEO: +5.22011 Q1 · CEO: +9.02011 Q2 · CEO: +2.62011 Q3 · CEO: +11.72011 Q4 · CEO: +3.62012 Q1 · CEO: +11.22012 Q2 · CEO: +7.72012 Q3 · CEO: +13.02012 Q4 · CEO: +8.02013 Q1 · CEO: +9.82013 Q2 · CEO: +9.72013 Q3 · CEO: +6.02013 Q4 · CEO: +9.42014 Q1 · CEO: +12.62014 Q2 · CEO: +10.92014 Q3 · CEO: +10.82014 Q4 · CEO: +15.02015 Q1 · CEO: +13.72015 Q2 · CEO: +12.22015 Q3 · CEO: +24.52015 Q4 · CEO: +29.42016 Q1 · CEO: +24.42016 Q2 · CEO: +29.72016 Q3 · CEO: +33.92016 Q4 · CEO: +31.02017 Q1 · CEO: +14.82017 Q2 · CEO: +12.42017 Q3 · CEO: +28.42017 Q4 · CEO: +26.52018 Q1 · CEO: +9.82018 Q2 · CEO: +22.62018 Q4 · CEO: +13.22019 Q1 · CEO: +21.52019 Q2 · CEO: +23.42019 Q3 · CEO: +20.02019 Q4 · CEO: +23.02020 Q1 · CEO: +19.62020 Q2 · CEO: +6.82020 Q3 · CEO: +16.92020 Q4 · CEO: +19.12021 Q1 · CEO: +19.92021 Q2 · CEO: +15.02021 Q3 · CEO: +21.12021 Q4 · CEO: +17.52022 Q1 · CEO: +11.42022 Q2 · CEO: +16.52022 Q3 · CEO: +0.62022 Q4 · CEO: +8.32023 Q1 · CEO: +15.02023 Q2 · CEO: +23.72023 Q3 · CEO: +15.42023 Q4 · CEO: +13.92024 Q1 · CEO: +8.92024 Q2 · CEO: +10.22024 Q3 · CEO: +12.82024 Q4 · CEO: +9.32025 Q1 · CEO: +15.82025 Q2 · CEO: +12.22007 Q3 · CFO: -17.32007 Q4 · CFO: -10.92008 Q1 · CFO: +0.02008 Q2 · CFO: -20.62008 Q3 · CFO: -3.92008 Q4 · CFO: -8.82009 Q1 · CFO: +3.02009 Q2 · CFO: -6.02009 Q3 · CFO: -4.62009 Q4 · CFO: -8.02010 Q1 · CFO: -2.72010 Q2 · CFO: +3.32011 Q1 · CFO: +3.12011 Q2 · CFO: +1.02011 Q3 · CFO: +2.52011 Q4 · CFO: -7.42012 Q1 · CFO: -9.52012 Q2 · CFO: +8.72012 Q3 · CFO: +8.52012 Q4 · CFO: +15.92013 Q1 · CFO: +9.42013 Q2 · CFO: +8.72013 Q3 · CFO: +3.92013 Q4 · CFO: +8.02014 Q1 · CFO: +15.92014 Q2 · CFO: +11.92014 Q3 · CFO: +11.12014 Q4 · CFO: +3.82015 Q1 · CFO: +9.72015 Q2 · CFO: +15.42015 Q3 · CFO: +11.92016 Q1 · CFO: +11.52016 Q4 · CFO: +9.12017 Q1 · CFO: +15.92017 Q2 · CFO: +10.82017 Q3 · CFO: +15.32017 Q4 · CFO: +11.72018 Q1 · CFO: +17.22018 Q2 · CFO: +15.92018 Q3 · CFO: +16.82018 Q4 · CFO: +4.42019 Q1 · CFO: +7.62019 Q2 · CFO: +3.92019 Q3 · CFO: +6.72019 Q4 · CFO: +17.62020 Q1 · CFO: +8.32020 Q2 · CFO: -8.92020 Q3 · CFO: +5.32020 Q4 · CFO: +4.52021 Q1 · CFO: +8.22021 Q2 · CFO: +4.72021 Q4 · CFO: +5.92022 Q1 · CFO: -0.82022 Q2 · CFO: +9.02022 Q3 · CFO: -1.02022 Q4 · CFO: +3.52023 Q1 · CFO: +9.42023 Q2 · CFO: +13.32023 Q3 · CFO: +14.92023 Q4 · CFO: +8.82024 Q1 · CFO: +0.02024 Q2 · CFO: +3.02024 Q3 · CFO: +4.32024 Q4 · CFO: -1.12025 Q1 · CFO: +7.42025 Q2 · CFO: +4.1
CEOCFO

Prepared remarks vs Q&A

Scripted tone vs unscripted answers. The gap is information.

-27-14+0+14+272007 Q32009 Q42012 Q32014 Q42017 Q12019 Q22021 Q32023 Q42007 Q3 · Prepared remarks: -20.42007 Q4 · Prepared remarks: -14.22008 Q1 · Prepared remarks: -10.62008 Q2 · Prepared remarks: -9.22008 Q3 · Prepared remarks: -13.52008 Q4 · Prepared remarks: -12.42009 Q1 · Prepared remarks: -12.02009 Q2 · Prepared remarks: -12.02009 Q3 · Prepared remarks: -11.42009 Q4 · Prepared remarks: -11.02010 Q1 · Prepared remarks: -1.22010 Q2 · Prepared remarks: +4.22011 Q1 · Prepared remarks: -7.42011 Q2 · Prepared remarks: -5.42011 Q3 · Prepared remarks: -3.52011 Q4 · Prepared remarks: +3.72012 Q1 · Prepared remarks: +12.92012 Q2 · Prepared remarks: +4.62012 Q3 · Prepared remarks: +7.02012 Q4 · Prepared remarks: +9.32013 Q1 · Prepared remarks: +9.42013 Q2 · Prepared remarks: +5.92013 Q3 · Prepared remarks: +2.32013 Q4 · Prepared remarks: +8.42014 Q1 · Prepared remarks: +11.72014 Q2 · Prepared remarks: +7.62014 Q3 · Prepared remarks: +6.62014 Q4 · Prepared remarks: +5.52015 Q1 · Prepared remarks: +5.92015 Q2 · Prepared remarks: +10.22015 Q3 · Prepared remarks: +13.52015 Q4 · Prepared remarks: +11.12016 Q1 · Prepared remarks: +10.22016 Q2 · Prepared remarks: +10.32016 Q3 · Prepared remarks: +9.32016 Q4 · Prepared remarks: +6.32017 Q1 · Prepared remarks: +9.82017 Q2 · Prepared remarks: +7.32017 Q3 · Prepared remarks: +8.52017 Q4 · Prepared remarks: +10.32018 Q1 · Prepared remarks: +4.42018 Q2 · Prepared remarks: +6.72018 Q3 · Prepared remarks: +10.62018 Q4 · Prepared remarks: +11.12019 Q1 · Prepared remarks: +9.52019 Q2 · Prepared remarks: +5.42019 Q3 · Prepared remarks: +6.62019 Q4 · Prepared remarks: +4.62020 Q1 · Prepared remarks: +6.02020 Q2 · Prepared remarks: -6.92020 Q3 · Prepared remarks: +1.62020 Q4 · Prepared remarks: +8.32021 Q1 · Prepared remarks: +9.92021 Q2 · Prepared remarks: +9.82021 Q3 · Prepared remarks: +7.62021 Q4 · Prepared remarks: +5.62022 Q1 · Prepared remarks: +5.02022 Q2 · Prepared remarks: +6.12022 Q3 · Prepared remarks: -3.42022 Q4 · Prepared remarks: -3.92023 Q1 · Prepared remarks: +1.62023 Q2 · Prepared remarks: +6.52023 Q3 · Prepared remarks: +3.82023 Q4 · Prepared remarks: +2.82024 Q1 · Prepared remarks: -0.52024 Q2 · Prepared remarks: +0.52024 Q3 · Prepared remarks: +5.72024 Q4 · Prepared remarks: +1.62025 Q1 · Prepared remarks: +6.82025 Q2 · Prepared remarks: +4.52007 Q3 · Q&A responses: -10.92007 Q4 · Q&A responses: -5.62008 Q1 · Q&A responses: +0.02008 Q2 · Q&A responses: -7.72008 Q3 · Q&A responses: -4.52008 Q4 · Q&A responses: -5.72009 Q1 · Q&A responses: -2.02009 Q2 · Q&A responses: -1.22009 Q3 · Q&A responses: +4.42009 Q4 · Q&A responses: -1.82010 Q1 · Q&A responses: -1.82010 Q2 · Q&A responses: +4.82011 Q1 · Q&A responses: +8.22011 Q2 · Q&A responses: +4.72011 Q3 · Q&A responses: +9.02011 Q4 · Q&A responses: -2.82012 Q1 · Q&A responses: +0.82012 Q2 · Q&A responses: +5.42012 Q3 · Q&A responses: +8.02012 Q4 · Q&A responses: +5.92013 Q1 · Q&A responses: +6.72013 Q2 · Q&A responses: +9.12013 Q3 · Q&A responses: +2.52013 Q4 · Q&A responses: +5.12014 Q1 · Q&A responses: +11.02014 Q2 · Q&A responses: +8.12014 Q3 · Q&A responses: +10.92014 Q4 · Q&A responses: +13.32015 Q1 · Q&A responses: +12.02015 Q2 · Q&A responses: +13.82015 Q3 · Q&A responses: +17.42015 Q4 · Q&A responses: +12.92016 Q1 · Q&A responses: +16.22016 Q2 · Q&A responses: +16.52016 Q3 · Q&A responses: +23.72016 Q4 · Q&A responses: +18.82017 Q1 · Q&A responses: +17.62017 Q2 · Q&A responses: +14.42017 Q3 · Q&A responses: +14.42017 Q4 · Q&A responses: +13.02018 Q1 · Q&A responses: +14.32018 Q2 · Q&A responses: +18.52018 Q3 · Q&A responses: +19.62018 Q4 · Q&A responses: +1.22019 Q1 · Q&A responses: +13.52019 Q2 · Q&A responses: +12.52019 Q3 · Q&A responses: +13.12019 Q4 · Q&A responses: +20.52020 Q1 · Q&A responses: +12.62020 Q2 · Q&A responses: -2.92020 Q3 · Q&A responses: +15.32020 Q4 · Q&A responses: +15.02021 Q1 · Q&A responses: +12.02021 Q2 · Q&A responses: +10.72021 Q3 · Q&A responses: +4.22021 Q4 · Q&A responses: +14.12022 Q1 · Q&A responses: +6.42022 Q2 · Q&A responses: +10.52022 Q3 · Q&A responses: -1.92022 Q4 · Q&A responses: +6.92023 Q1 · Q&A responses: +12.22023 Q2 · Q&A responses: +22.22023 Q3 · Q&A responses: +10.42023 Q4 · Q&A responses: +13.42024 Q1 · Q&A responses: +7.22024 Q2 · Q&A responses: +6.52024 Q3 · Q&A responses: +9.12024 Q4 · Q&A responses: +4.22025 Q1 · Q&A responses: +9.52025 Q2 · Q&A responses: +8.1
Prepared remarksQ&A responses

Tone vs forward expectations

Management tone next to Wall Street's forward-looking numbers (glopardo): the 12-month forward EPS estimate and the forward P/E per call.

Forward EPS estimate

$0.64$9.41$18.192007 Q32009 Q42012 Q32014 Q42017 Q12019 Q22021 Q32023 Q42014 Q1: $1.852014 Q2: $1.952014 Q3: $1.852014 Q4: $1.922015 Q1: $2.022015 Q2: $2.122015 Q3: $2.352015 Q4: $2.422016 Q1: $2.462016 Q2: $2.602016 Q3: $2.682016 Q4: $2.742017 Q1: $2.872017 Q2: $2.992017 Q3: $3.142017 Q4: $3.322018 Q1: $3.962018 Q2: $4.262018 Q3: $4.652018 Q4: $4.402019 Q1: $4.182019 Q2: $4.222019 Q3: $4.592019 Q4: $4.972020 Q1: $5.332020 Q2: $4.712020 Q3: $6.632020 Q4: $8.102021 Q1: $9.562021 Q2: $11.462021 Q3: $13.012021 Q4: $14.462022 Q1: $16.212022 Q2: $16.982022 Q3: $14.192022 Q4: $9.822023 Q1: $9.262023 Q2: $11.202023 Q3: $13.782023 Q4: $14.352024 Q1: $14.852024 Q2: $15.112024 Q3: $15.972024 Q4: $14.45

Forward P/E

2.969.4215.882007 Q32009 Q42012 Q32014 Q42017 Q12019 Q22021 Q32023 Q42014 Q1: 12.122014 Q2: 12.042014 Q3: 12.022014 Q4: 12.632015 Q1: 13.452015 Q2: 12.512015 Q3: 13.442015 Q4: 13.342016 Q1: 12.142016 Q2: 11.792016 Q3: 11.242016 Q4: 10.392017 Q1: 11.612017 Q2: 11.492017 Q3: 11.832017 Q4: 14.992018 Q1: 11.202018 Q2: 10.112018 Q3: 9.172018 Q4: 8.102019 Q1: 9.802019 Q2: 10.632019 Q3: 10.972019 Q4: 10.622020 Q1: 5.402020 Q2: 12.412020 Q3: 11.222020 Q4: 8.792021 Q1: 9.102021 Q2: 7.622021 Q3: 6.812021 Q4: 7.432022 Q1: 5.042022 Q2: 3.852022 Q3: 4.862022 Q4: 8.902023 Q1: 10.402023 Q2: 10.152023 Q3: 8.262023 Q4: 10.042024 Q1: 10.452024 Q2: 9.232024 Q3: 12.162024 Q4: 9.81

Divergence watch ⚑

Quarters where tone and the forward EPS estimate moved opposite ways.

  • 2014 Q2 tone ↓ -3.6 fwd EPS ↑ +0.09 Tone cooled even as the forward EPS estimate rose.
  • 2015 Q4 tone ↓ -3.3 fwd EPS ↑ +0.07 Tone cooled even as the forward EPS estimate rose.
  • 2016 Q4 tone ↓ -7.8 fwd EPS ↑ +0.06 Tone cooled even as the forward EPS estimate rose.
  • 2017 Q2 tone ↓ -3.1 fwd EPS ↑ +0.12 Tone cooled even as the forward EPS estimate rose.
  • 2018 Q1 tone ↓ -3.8 fwd EPS ↑ +0.64 Tone cooled even as the forward EPS estimate rose.
  • 2019 Q1 tone ↑ +7.0 fwd EPS ↓ -0.22 Tone rose while the forward EPS estimate was cut.
  • 2021 Q1 tone ↓ -2.1 fwd EPS ↑ +1.46 Tone cooled even as the forward EPS estimate rose.
  • 2022 Q1 tone ↓ -4.1 fwd EPS ↑ +1.75 Tone cooled even as the forward EPS estimate rose.
  • 2022 Q4 tone ↑ +3.5 fwd EPS ↓ -4.37 Tone rose while the forward EPS estimate was cut.
  • 2023 Q1 tone ↑ +5.4 fwd EPS ↓ -0.57 Tone rose while the forward EPS estimate was cut.
  • 2023 Q3 tone ↓ -5.4 fwd EPS ↑ +2.58 Tone cooled even as the forward EPS estimate rose.

Recent transcripts

CallDateSentiment ×1000Fwd EPSFwd P/E
2025 Q22025-04-17+3.5——View →
2025 Q12025-01-21+5.0——View →
2024 Q42024-10-29+0.3$14.459.8View →
2024 Q32024-07-18+4.8$15.9712.2View →
2024 Q22024-04-18+2.8$15.119.2View →
2024 Q12024-01-23+3.8$14.8510.4View →
2023 Q42023-11-08+5.0$14.3510.0View →
2023 Q32023-07-20+6.6$13.788.3View →