Homebuilder (NYSE:DHI) will be reporting earnings tomorrow before market open. Here’s what you need to know.

D.R. Horton beat analysts’ revenue expectations by 7.2% last quarter, reporting revenues of $7.61 billion, down 1.5% year on year. It was a mixed quarter for the company, with a solid beat of analysts’ adjusted operating income estimates but a significant miss of analysts’ backlog estimates.

Is D.R. Horton a buy or sell going into earnings? Read our full analysis here, it’s free.

This quarter, analysts are expecting D.R. Horton’s revenue to decline 11.7% year on year to $8.05 billion, a reversal from the 14.2% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $2.72 per share.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. D.R. Horton has only missed Wall Street’s revenue estimates once over the last two years, exceeding top-line expectations by 7.9% on average.

Looking at D.R. Horton’s peers in the industrials segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Lennar delivered year-on-year revenue growth of 4.4%, beating analysts’ expectations by 2%, and KB Home reported a revenue decline of 5.2%, falling short of estimates by 6.5%. Lennar traded down 4% following the results while KB Home was also down 5.1%.

Read our full analysis of Lennar’s results here and KB Home’s results here.

Today’s young investors likely haven’t read the timeless lessons in Gorilla Game: Picking Winners In High Technology because it was written more than 20 years ago when Microsoft and Apple were first establishing their supremacy. But if we apply the same principles, then enterprise software stocks leveraging their own generative AI capabilities may well be the Gorillas of the future. So, in that spirit, we are excited to present our Special Free Report on a profitable, fast-growing enterprise software stock that is already riding the automation wave and looking to catch the generative AI next.