NVR (NYSE: NVR ) reported earnings on Jan. 24. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), NVR beat expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue increased significantly and GAAP earnings per share grew significantly.
Margins expanded across the board.
NVR reported revenue of $943.7 million. The eight analysts polled by S&P Capital IQ predicted revenue of $922.8 million on the same basis. GAAP reported sales were 27% higher than the prior-year quarter's $743.8 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $11.98. The seven earnings estimates compiled by S&P Capital IQ predicted $11.16 per share. GAAP EPS of $11.98 for Q4 were 90% higher than the prior-year quarter's $6.32 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 19.0%, 240 basis points better than the prior-year quarter. Operating margin was 10.7%, 330 basis points better than the prior-year quarter. Net margin was 6.4%, 200 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $767.4 million. On the bottom line, the average EPS estimate is $7.11.
Next year's average estimate for revenue is $3.90 billion. The average EPS estimate is $49.22.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 249 members out of 519 rating the stock outperform, and 270 members rating it underperform. Among 195 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 96 give NVR a green thumbs-up, and 99 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on NVR is hold, with an average price target of $856.00.
Looking for alternatives to NVR? It takes more than great companies to build a fortune for the future. Learn the basic financial habits of millionaires next door and get focused stock ideas in our free report, "3 Stocks That Will Help You Retire Rich." Click here for instant access to this free report.