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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 05, 2024
|% Change Since: -29.02%
|Next Earnings Date:Mar 04, 2025
Earnings Call Sentiment|Positive
The earnings call reflected strong financial performance with significant revenue and profit growth, an improved financial outlook, and increased community count, but was tempered by challenges such as declining gross margins, choppy sales, and operational delays.Company Guidance
During Hovnanian Enterprises' Q3 2024 earnings call, management provided guidance reflecting strong financial performance and optimistic future expectations. The company reported revenues of $723 million, aligning with the midpoint of their guidance, and an adjusted gross margin of 22.1%. Despite a slightly elevated SG&A ratio of 12.4% due to stock price increases and preparation for community growth, adjusted EBITDA reached $131 million, significantly surpassing guidance. Adjusted pretax income was $100 million, also exceeding expectations. The company highlighted an 11% increase in total revenues year-over-year and a 20% rise in adjusted EBITDA. They also discussed their focus on expanding community count and controlled lots, which rose by 20% and 34% respectively compared to the previous year, positioning them for future growth. Additionally, guidance for the full fiscal year 2024 was increased, with expected total revenues between $2.9 billion and $3.05 billion, and adjusted EBITDA ranging from $420 million to $445 million. Management emphasized their strategic use of joint ventures and a land-light, high-inventory turnover approach to sustain high returns on investment.Revenue and Profit Growth
Total revenues increased by 11% to $723 million, and adjusted pre-tax profit increased by 34% to $100 million compared to the same quarter last year.
Strong Adjusted EBITDA
Adjusted EBITDA was $131 million for the quarter, a 20% increase from the previous year and significantly above the high end of the guidance.
Increase in Community Count
The total community count increased by 20% year-over-year to 146 open-for-sale communities.
Improved Financial Guidance
Guidance for adjusted EBITDA increased to a range between $420 million and $445 million, and adjusted pretax income for the full year was raised to be between $300 million and $325 million.
High Return on Equity
The company reported a return on equity of 38.8%, the highest over the trailing 12 months compared to 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 |
|---|---|---|---|
| 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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