Hovnanian Enterprises (NYSE: HOV ) is expected to report Q1 earnings on March 6. 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 expand 42.5% and EPS will remain in the red.
The average estimate for revenue is $384.1 million. On the bottom line, the average EPS estimate is -$0.10.
Last quarter, Hovnanian Enterprises notched revenue of $487.0 million. GAAP reported sales were 43% higher than the prior-year quarter's $341.6 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 $0.06. GAAP EPS were -$0.59 for Q4 against -$0.91 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 19.4%, 70 basis points worse than the prior-year quarter. Operating margin was 9.2%, 690 basis points better than the prior-year quarter. Net margin was -17.3%, much better than the prior-year quarter.
The full year's average estimate for revenue is $1.86 billion. The average EPS estimate is $0.00.
The stock has a one-star rating (out of five) at Motley Fool CAPS, with 514 members out of 1,085 rating the stock outperform, and 571 members rating it underperform. Among 287 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 117 give Hovnanian Enterprises a green thumbs-up, and 170 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 $3.17.
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