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Hovnanian Enterprises Inc (HOV)
NYSE:HOV
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Earnings Data
Report Date
Mar 04, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
2.71Last Year’s EPS
2.91Same Quarter Last Year
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Dec 06, 2018
|% Change Since: -27.91%
|Next Earnings Date:Sep 10, 2018
Earnings Call Sentiment|Neutral
The earnings call highlighted strong revenue growth, a significant increase in contracts, and a solid liquidity position, which were tempered by challenges such as a decline in gross margins due to mortgage rate buydowns and weather-related delivery impacts. The company is focusing on a land-light strategy and expects continued growth, although gross margins are expected to be under pressure in the near term.Company Guidance
During the Hovnanian Enterprises Fiscal 2024 Fourth Quarter Earnings Conference Call, management provided comprehensive guidance and insights into their performance metrics. The company reported revenues of $3 billion, slightly surpassing the midpoint of their guidance, and an adjusted gross margin of 22%, aligning with their projected midpoint. Their SG&A ratio was 11.4%, close to the guided midpoint, while income from unconsolidated joint ventures was $52 million, falling slightly below expectations due to delayed deliveries. Adjusted EBITDA was $456 million, exceeding the upper guidance range, and adjusted pretax income was $327 million, also above the high end of the guidance. For the first quarter of fiscal 2025, they anticipate revenues between $650 million and $750 million, with an adjusted gross margin of 17.5% to 18.5%. They expect SG&A to be between 13.5% and 14.5%, with adjusted EBITDA between $55 million and $65 million, and adjusted pretax income ranging from $25 million to $35 million. The call also highlighted a 48% year-over-year increase in fourth-quarter contracts and a continued focus on a land-light strategy, aiming for long-term growth and enhanced returns on investment.Revenue Growth
Total revenues increased 9% to over $3 billion for the year and 10% to just under $1 billion for the fourth quarter.
Contracts Increase
Fourth quarter contracts increased 48% year-over-year, and November contracts increased 55% year-over-year.
High Return on Equity
Return on equity stood at 34.6%, the second highest among peers over the trailing 12 months.
Land Strategy
Controlled 41,891 lots, a 32% year-over-year increase, with 84% of lots controlled via options, the highest ever for the company.
Strong Liquidity Position
Ended the fourth quarter with $338 million of liquidity, above the high end of the targeted range.
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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 |
|---|---|---|---|
| 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% |
| Feb 22, 2024 | $164.00 | $150.38 | -8.30% |
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 Enterprises Inc (HOV) report earnings?
Hovnanian Enterprises Inc (HOV) is schdueled to report earning on Mar 04, 2025, TBA Not Confirmed.
What is Hovnanian Enterprises Inc (HOV) earnings time?
Hovnanian Enterprises Inc (HOV) earnings time is at Mar 04, 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 (Q1) is 2.71.
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