-- 独立研究机构CFRA向提供了以下研究报告。CFRA分析师总结如下：DHI公布了2026财年第二季度（截至9月）喜忧参半的业绩，房屋成交量增长1%至19,486套，但由于平均售价下降3%至36.2万美元，营收下降2%至70亿美元。尽管净利润下降20%至6.479亿美元，每股收益仍为2.24美元，高于市场普遍预期的2.12美元，但仍低于预期。房屋建造税前利润率下降230个基点至10.7%。我们认为，DHI通过市场份额的增长来区别于同行，尽管销售激励措施有所提高，但订单价值的增长仍然加速，这便是明证。管理层将2026财年营收预期上调至335亿至345亿美元，房屋成交量预期上调至8.6万至8.75万套，并表示激励措施将在2026财年继续保持高位。净销售订单量增长11%，达到24,992套，价值92亿美元，但需求仍低于历史季节性水平。16,882套房屋的销售积压订单价值64亿美元，分别增长19%和17%，提高了销售前景的可见性。我们相信，尽管抵押贷款利率的不确定性影响了季节性需求模式，但DHI的价值主张仍然能够引起消费者的共鸣。
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Saudi Shares Start Week Higher; US-Iran Peace Talks Canceled
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$^TASI$SASE:2380$SASE:4012
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Research Alert: CFRA Maintains Hold Rating On Shares Of United Rentals Inc.
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