HOV Earnings Prediction
The chart below shows how HOV performed 10 days before and after its earnings report, based on data from the past quarters. Typically, HOV sees a -3.99% change in stock price 10 days leading up to the earnings, and a -9.51% change 10 days following the report. On the earnings day itself, the stock moves by -1.35%. This data can give you a slight idea of what to expect for the next quarter's release.
HOV Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
979.64M
10.44%
35.55%
Gross Margin
22.28%
-12.08%
5.19%
Operating Margin
13.22%
-18.29%
-11.75%
Net Margin
9.63%
-12.22%
-4.56%
EPS
12.75
-0.47%
30.77%
No Data Available
HOV Earnings Analysis
Hovnanian Enterprises, Inc. Class A Corporation (HOV.N) Earnings Conference Call
Positive
Revenue Performance Exceeds Guidance: Revenues were $3 billion, which was slightly better than the midpoint of our guidance.
Adjusted Gross Margin Performance: Our adjusted gross margin was 22% for the year, which was exactly at the midpoint of the guidance we gave.
Adjusted EBITDA Performance: Our adjusted EBITDA was $456 million for the year, which is above the high end of the range that we gave.
Adjusted Pretax Income Exceeds Guidance: Our adjusted pretax income was $327 million, which was also above the high end of the guidance range that we gave.
Total Revenue Increase: Our total revenues increased 9% to just over $3 billion.
Negative
Gross Margin Performance: Our adjusted gross margin was 22% for the year, which was slightly below the prior year's gross margin.
Joint Venture Income Update: Our income from unconsolidated joint ventures was $52 million, which was slightly below the guidance we gave due to delayed deliveries in three communities related to utility connections.
Adjusted EBITDA Performance: Our adjusted EBITDA was $456 million for the year, which is above the high end of the range that we gave.
Adjusted Pretax Income Exceeds Guidance: Our adjusted pretax income was $327 million, which was also above the high end of the guidance range that we gave.
Gross Margin Decline: Our gross margins declined year-over-year as per our guidance, despite a 1% decrease in construction costs over the same period.
HOV FAQs
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HOV Earning Call Sentiment
Hovnanian Enterprises, Inc. (HOV) Q4 2024 Earnings Call Transcript
1.0x
00:00
00:00
HOV.N
-9.11%Positive
The earnings call presents a mixed picture: strong revenue growth and demand are offset by declining margins and operational challenges. The Q&A reveals management's cautious outlook on margins and unclear strategies for cost management. While the company is optimistic about future growth and has strong financial metrics, the lack of clear guidance and margin pressure tempers expectations. The absence of a share buyback or dividend program also limits positive sentiment. Overall, the stock price is likely to remain stable, leading to a neutral prediction.
