Homebuilder D.R. Horton (NYSE: DHI) will be announcing earnings results this Tuesday before the bell. Here’s what to look for.

D.R. Horton missed analysts’ revenue expectations last quarter, reporting revenues of $7.56 billion, down 2.3% year on year. It was a satisfactory quarter for the company, with full-year revenue guidance slightly topping analysts’ expectations.

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

This quarter, the market is expecting D.R. Horton’s revenue to be flat year on year, improving from the 7.4% decrease it recorded in the same quarter last year.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. D.R. Horton has missed Wall Street’s revenue estimates multiple times over the last two years.

Looking at D.R. Horton’s peers in the industrials segment, some have already reported their Q2 results, giving us a hint as to what we can expect. KB Home’s revenues decreased 27.3% year on year, beating analysts’ expectations by 1.8%, and Lennar reported a revenue decline of 5.2%, falling short of estimates by 2.4%. KB Home’s stock price was unchanged after the resultsand Lennar’s price followed a similar reaction.

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

In the last twelve months or so, the market has shifted its attention from one area of macro importance to the next (AI disintermediation and AI capex spending to geopolitical conflict, rates, and whether the economy is on solid footing or not). While some of the industrials stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 2.9% on average over the last month. D.R. Horton is down 4.5% during the same time and is heading into earnings with an average analyst price target of $168 (compared to the current share price of $149.00).

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