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Hovnanian Enterprises Inc (HOV)
NYSE:HOV
Earnings Data
Report Date
Sep 04, 2025TBA Not Confirmed
Period Ending
2025 (Q3)Consensus EPS Forecast
3.51Last Year’s EPS
9.75Same Quarter Last Year
Based on 1 Analysts Ratings
Earnings Call Summary
Earnings Call Date:May 20, 2025
|% Change Since: -12.53%
|Next Earnings Date:Sep 04, 2025
Earnings Call Sentiment|Neutral
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
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.
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 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 Not Confirmed.
What is Hovnanian Enterprises Inc (HOV) earnings time?
Hovnanian Enterprises Inc (HOV) earnings time is at Sep 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 (Q3) is 3.51.