The earnings call presented a balanced view of the company's performance with several key strengths, such as high ROE and strategic land management, but also notable challenges, including lower-than-expected revenue and gross margin, and increased incentives affecting profitability.

Company Guidance -

Q2 2025

During the fiscal 2025 second quarter earnings call, Hovnanian Enterprises provided guidance on several key metrics, comparing actual results to expectations. The company's revenues for the quarter were $686 million, at the lower end of their guidance range due to a mix of deliveries and some higher-priced homes being postponed. The adjusted gross margin was 17.3%, slightly below the guidance range, largely because incentives rose to 10.5% from 9.7% in the first quarter. The SG&A ratio was 11.7%, aligning with their guidance midpoint. Income from unconsolidated joint ventures was $9 million, at the high end of the forecast. Adjusted EBITDA exceeded expectations at $61 million, and adjusted pretax income was $29 million, near the high end of the guidance. Despite the challenging economic environment, the company was satisfied with these results and provided third-quarter guidance, anticipating revenues between $750 million and $850 million, with adjusted gross margins expected to range from 17% to 18%.

Adjusted EBITDA Exceeds Guidance

Adjusted EBITDA was $61 million for the quarter, slightly above the high end of the guidance range.

Strong Performance in Select Markets

Price increases were achieved in 31% of communities with better results in Delaware, Maryland, New Jersey, North Carolina, Virginia, and West Virginia.

High ROE and ROI Metrics

Return on equity was 27% over the last 12 months and adjusted EBIT return on investment was 26.1%, among the highest in the industry.

Significant Land Controlled via Options

85% of lots controlled through options, the highest percentage ever, showing a strategic focus on land light strategy.

Successful Debt Reduction

Paid off $27 million of 13.5% notes early, reducing the highest cost debt scheduled to mature in February 2026.

Hovnanian Enterprises (HOV) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

HOV Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Sep 04, 2025	2025 (Q3)	3.51 / -	9.747	―	―	―
May 20, 2025	2025 (Q2)	2.45 / 2.43	6.661	-63.52% (-4.23)
Feb 24, 2025	2025 (Q1)	2.71 / 3.58	2.913	22.90% (+0.67)
Dec 05, 2024	2024 (Q4)	- / 12.79	12.765	0.20% (+0.02)
Aug 22, 2024	2024 (Q3)	- / 9.75	7.384	32.00% (+2.36)
May 22, 2024	2024 (Q2)	- / 6.66	4.469	49.05% (+2.19)
Feb 22, 2024	2024 (Q1)	- / 2.91	2.264	28.67% (+0.65)
Dec 05, 2023	2023 (Q4)	- / 12.77	7.92	61.17% (+4.85)	―
Aug 30, 2023	2023 (Q3)	- / 7.38	10.82	-31.76% (-3.44)
May 31, 2023	2023 (Q2)	- / 4.47	8.39	-46.73% (-3.92)

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
May 20, 2025	$109.85	$96.13	-12.49%
Feb 24, 2025	$121.57	$106.51	-12.39%
Dec 05, 2024	$189.96	$177.29	-6.67%
Aug 22, 2024	$207.60	$238.30	+14.79%

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 Enterprises Inc (HOV) report earnings?

Hovnanian Enterprises Inc (HOV) is schdueled to report earning on Sep 04, 2025, TBA (Confirmed).

What is Hovnanian Enterprises Inc (HOV) earnings time?

Hovnanian Enterprises Inc (HOV) earnings time is at Sep 04, 2025, 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?

HOV EPS forecast for the fiscal quarter 2025 (Q3) is 3.51.

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