D.R. Horton Lowers Annual Revenue Forecast Due to High Costs

US-based homebuilder D.R. Horton has revised its revenue forecast for the 2024 fiscal year downward due to increased costs negatively impacting profitability. The company stated that high interest rates and rising construction input costs have suppressed housing demand. D.R. Horton announced its revenue forecast for the new fiscal year at $36 billion, which is below previous expectations. The company emphasized that the increase in labor and material costs has reduced margins. Analysts note that these challenging conditions in the housing sector may continue in the short term, but expectations of interest rate cuts may boost demand in the coming periods. D.R. Horton's shares experienced a slight decline following the news. The company aims to maintain profitability by implementing cost control and operational efficiency measures. However, high inflation and tight monetary policies are expected to continue affecting the sector. This is not an investment advice.

📊 DHI — Piyasa Yorumu

▼ down · 70%

D.R. Horton's decision to lower its annual revenue forecast due to high costs may be perceived as a negative signal for the company's future. The RSI14 value of 25.45 is at a low level, indicating overselling. However, the MACD and MACD signal values are also negative, suggesting a short-term downward trend. A decline of 5.74% in the last 24 hours may indicate that investors are already in a negative mindset. Therefore, a short-term decline can be expected for D.R. Horton (DHI).

RSI 14

25.4

MACD

-1.92

24h Δ

-5.74%

📊 GOOGL — Piyasa Yorumu

▼ down · 60%

The news headline for GOOGL stocks is unlikely to have a direct impact, but it may negatively affect the overall market sentiment. The RSI14 value is at 38.79, which is relatively low, indicating potential seller pressure. Additionally, the MACD and MACD signal lines are in the negative zone and close to each other, suggesting a possible short-term downward movement.

RSI 14

38.8

MACD

-2.53

24h Δ

-3.88%

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