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Hovnanian (HOV)
NYSE:HOV
Earnings Data
Report Date
Jun 03, 2026TBA (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
―Last Year’s EPS
2.43Same Quarter Last Year
Based on 0 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Neutral
The call conveyed balanced results: the company beat near-term guidance (notably adjusted EBITDA and pretax income), maintained strong liquidity and improved balance-sheet metrics, and showed operational progress on inventory turnover, shorter cycle times and early contract/traffic momentum. Offsetting these positives, elevated mortgage-rate buydowns and other incentives (12.6% of ASP) materially compressed margins, driving a 24% YoY decline in profit and prompting cautious Q2 guidance. The company is executing a deliberate land-light strategy and shifting toward higher-margin to-be-built homes, which supports expectations for margin recovery in the back half of the year, but near-term earnings remain muted and partially reliant on non-recurring JV gains and sustained incentive deployment.Company Guidance
Revenue in Line with Guidance
Total revenues of $632 million in Q1, approaching the high end of guidance and demonstrating resilience versus expectations.
Earnings Beat Guidance
Adjusted EBITDA of $63 million and adjusted pretax income of $31 million, both significantly above the guidance ranges provided for the quarter.
Strong Liquidity and Improved Balance Sheet
Ended the quarter with $471 million in liquidity (second-highest quarter shown), equity up $1.3 billion and debt down $754 million versus prior years; net debt-to-capital improved to 41.4% from 146.2% at start of FY2020.
Successful Inventory & QMI Management
Quick-move-in (QMI) inventory decreased from 1,163 to 742 (30% decline YoY); finished QMIs down 22% YoY; QMIs per community at 5.7. Backlog conversion ratio reached 88% (vs historical Q1 average 56%), and 41% of delivered homes were sold and closed within the same quarter (highest since tracking began).
Improving Buyer Engagement and Contracts Momentum
Monthly traffic per community rose in 5 of 6 months vs prior year with January traffic +40% YoY; January contracts +11% YoY; February month-to-date contracts up ~13% YoY, signaling early-year momentum.
Faster Construction Cycle and Cost Control
Single-family detached cycle times decreased by 17 days to 133 calendar days YoY; base construction and option costs per square foot fell ~2% YoY.
Disciplined Land-Light Strategy and Lot Position
Controlled 35,560 domestic lots (6.7-year supply) and including JVs 38,764; consolidated domestic lot count down 18% YoY; 86% of lots controlled via options (up from 44% in 2015), reflecting capital efficiency.
Positive Peer Comparisons
Second highest adjusted EBIT return on investment among midsize peers at 17.2%, second highest inventory turnover, and fourth highest percentage of option lots — supporting competitive operational metrics.
Non-Operating JV Gain Strengthens Q1 Results
Recorded a $27 million other-income gain from stepping up fair value after taking control of two joint ventures, reflecting successful JV monetizations.
Strategic Shift Toward Higher-Margin Product
To-be-built sales increased from 21% to 29% of sales; to-be-built deliveries carried 780 basis points higher margins than QMI deliveries, positioning future deliveries for improved gross margins.
HOV Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
HOV Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Mar 02, 2026 | $125.62 | $120.87 | -3.78% |
Dec 04, 2025 | $133.98 | $103.82 | -22.51% |
Aug 21, 2025 | $148.95 | $131.80 | -11.51% |
May 20, 2025 | $109.85 | $96.13 | -12.49% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Hovnanian (HOV) report earnings?
Hovnanian (HOV) is schdueled to report earning on Jun 03, 2026, TBA (Confirmed).
What is Hovnanian (HOV) earnings time?
Hovnanian (HOV) earnings time is at Jun 03, 2026, TBA (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is HOV EPS forecast?
Currently, no data Available