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Hovnanian (HOV)
:HOV
Earnings Data
Report Date
May 28, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
2.45Last Year’s EPS
6.66Same Quarter Last Year
Moderate Sell
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 24, 2025
|% Change Since: -10.67%
|Next Earnings Date:May 28, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mixed sentiment. On the positive side, the company demonstrated strong revenue growth, an increase in controlled lots, and a high return on investment. However, there were challenges such as lower-than-expected revenue guidance, a decline in gross margin due to increased incentives, and sales volatility. Utility and permitting delays further complicated the company's ability to meet its targets.Company Guidance
During Hovnanian Enterprises, Inc.'s fiscal 2025 first quarter earnings call, the company provided detailed guidance on various financial metrics. Revenue for the quarter was reported at $674 million, near the low end of their guidance due to fewer-than-expected wholly-owned deliveries, primarily affected by delays in utility hookups. The adjusted gross margin was 18.3%, near the high end of the guidance range, while SG&A expenses improved to 12.9% of total revenue, better than the low end of expectations. Income from unconsolidated joint ventures was $9 million, below guidance due to delivery delays in two joint venture communities. Adjusted EBITDA exceeded expectations at $72 million, and adjusted pretax income was $41 million, surpassing the high end of guidance. The company also highlighted a 13% year-over-year increase in total revenues, attributed to strong performance in Delaware and Northern Virginia markets, despite challenges in the West due to fires and utility delays. For the second quarter, Hovnanian expects revenues between $675 million and $775 million, with adjusted gross margins ranging from 17.5% to 18.5%, citing continued use of incentives like mortgage rate buy downs to combat affordability amidst high interest rates.Revenue and Profit Growth
Total revenues increased 13% to $674 million compared to last year's first quarter. Adjusted EBITDA for the quarter was $72 million, and adjusted pretax income was $41 million, both above the high end of the guidance range.
Strong Contract Growth
Contracts for the first quarter, including unconsolidated joint ventures, increased 9% year over year. Notably, November contracts increased 55% year over year.
Increase in Controlled Lots
The company ended the quarter with 43,254 controlled lots, a 29% increase year over year, indicating strong future growth potential.
High Return on Investment
The company's return on equity was 33%, and adjusted EBIT return on investment was 29.8%, one of the highest among peers.
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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
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HOV Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| 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% |
| May 22, 2024 | $169.10 | $148.55 | -12.15% |
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.
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FAQ
When does Hovnanian (HOV) report earnings?
Hovnanian (HOV) is schdueled to report earning on May 28, 2025, TBA Not Confirmed.
What is Hovnanian (HOV) earnings time?
Hovnanian (HOV) earnings time is at May 28, 2025, TBA Not 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 (Q2) is 2.45.
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