Hovnanian Enterprises (NYSE: HOV) is expected to report Q2 earnings on June 5. 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 grow 21.9% and EPS will remain in the red.

The average estimate for revenue is $416.4 million. On the bottom line, the average EPS estimate is -$0.05.

Revenue details
 Last quarter, Hovnanian Enterprises logged revenue of $358.2 million. GAAP reported sales were 33% higher than the prior-year quarter's $269.6 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
 Last quarter, EPS came in at -$0.08. GAAP EPS were -$0.08 for Q1 compared to -$0.17 per share for the prior-year quarter.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Recent performance
 For the preceding quarter, gross margin was 17.3%, 10 basis points worse than the prior-year quarter. Operating margin was 3.3%, 320 basis points better than the prior-year quarter. Net margin was -3.2%, 360 basis points better than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $1.89 billion. The average EPS estimate is $0.09.

Investor sentiment
 The stock has a one-star rating (out of five) at Motley Fool CAPS, with 516 members out of 1,083 rating the stock outperform, and 567 members rating it underperform. Among 264 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 115 give Hovnanian Enterprises a green thumbs-up, and 149 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 $4.46.

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