Hovnanian (HOV)
NYSE:HOV
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Earnings Data
Report Date
Sep 03, 2026TBA (Confirmed)
Period Ending
2026 (Q3)Consensus EPS Forecast
-0.56Last Year’s EPS
1.99Same Quarter Last Year
Moderate Sell
Based on 1 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a cautiously positive tone: management reported sequential improvements in gross margin, declining incentives, stronger liquidity, reduced QMI inventory, and operational efficiencies while still facing year-over-year revenue and delivery declines, elevated incentive levels versus last year, modest near-term profit guidance, and ongoing macro-related volatility. The company emphasized disciplined land underwriting, a land-light approach, and expectation of sequential improvement into Q4, balancing current margin pressure with clear actions to improve returns over time.Company Guidance
Sequential Margin Improvement
Adjusted gross margin improved sequentially to 14.3% in Q2 (from 13.4% in Q1), exceeding the upper end of guidance and marking a 0.9 percentage point sequential increase after management characterized Q1 as the trough.
Revenue and Profitability Near Guidance with Outperformance on EBITDA
Total revenues were $668 million (near the midpoint of guidance). Adjusted EBITDA was $41 million (above projected range) and adjusted pretax income was $9 million (at the top end of forecast).
Incentives Begin to Decline Sequentially
Incentives were 11.9% of average sales price in Q2, down 70 basis points versus Q1 — the first sequential decline in nearly two years — signaling early improvement in the incentive environment.
Strong Liquidity and Capital Discipline
Liquidity ended the quarter at $442 million (well above the target range) after $232 million of land and development spend and $10 million of share repurchases; balance sheet progress includes equity growth of $13 billion and debt reduction of $749 million since fiscal 2020.
Inventory and Quick-Move-In (QMI) Progress
Total QMIs declined from 1,160 in Jan 2025 to 731 in Apr 2026 (a 37% reduction year-over-year). Finished QMIs decreased 55% year-over-year (from 304 to 137). QMIs per community were 5.8 and QMIs accounted for 68% of sales (down from 79%).
Operational Efficiency & Cycle Time Gains
Construction cycle times improved by 6 days to 138 calendar days year-over-year, and 41% of homes were both sold and closed in the same quarter (highest recorded), driving a backlog conversion rate of 85% versus a historical average of ~61%.
Improved Land Positioning and Land-Light Strategy
Domestic lots controlled totaled 33.6k (6.5-year supply) and total domestic lot count declined 21% year-over-year; 86% of lots are option-controlled (up from 45% in FY2020), reflecting a shift to a land-light model.
Relative Competitive Strength and Returns
Contracts per community ranked second highest among public builders (11.2/11.3 depending on quarter convention) and management reported the highest adjusted EBIT return on investment among midsized peers at 15.9% and the second-highest inventory turnover rate versus peers.
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 |
|---|---|---|---|
May 21, 2026 | $98.01 | $115.46 | +17.80% |
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% |
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 Sep 03, 2026, TBA (Confirmed).
What is Hovnanian (HOV) earnings time?
Hovnanian (HOV) earnings time is at Sep 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?
HOV EPS forecast for the fiscal quarter 2026 (Q3) is -0.56.