Hovnanian Enterprises (NYSE: HOV ) is expected to report Q4 earnings around Dec. 14. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Hovnanian Enterprises's revenues will increase 35.8% and EPS will remain in the red.
The average estimate for revenue is $464.0 million. On the bottom line, the average EPS estimate is -$0.19.
Last quarter, Hovnanian Enterprises logged revenue of $387.0 million. GAAP reported sales were 35% higher than the prior-year quarter's $285.6 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, non-GAAP EPS came in at -$0.05. GAAP EPS were $0.25 for Q3 compared to -$0.47 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 19.6%, 360 basis points better than the prior-year quarter. Operating margin was 7.9%, 830 basis points better than the prior-year quarter. Net margin was 9.0%, 2,680 basis points better than the prior-year quarter.
The full year's average estimate for revenue is $1.46 billion. The average EPS estimate is -$0.33.
The stock has a one-star rating (out of five) at Motley Fool CAPS, with 498 members out of 1,068 rating the stock outperform, and 570 members rating it underperform. Among 292 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 106 give Hovnanian Enterprises a green thumbs-up, and 186 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Hovnanian Enterprises is hold, with an average price target of $2.04.
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