Hovnanian Enterprises Inc reports results for the quarter ended July 31 - Earnings Summary

• Hovnanian Enterprises Inc HOV.N reported quarterly adjusted earnings of $1.99​​ per share for the quarter ended July 31. The lone analyst forecast for the quarter was for earnings of $3.51 per share.

• Revenue was $800.58 million​; analysts expected $801.20 million.

• Hovnanian Enterprises Inc's reported EPS for the quarter was $1.99​.

• The company reported quarterly net income of $13.95 million.

• Hovnanian Enterprises Inc shares had risen by 42.5% this quarter and gained 11.3% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts was unchanged in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy," 1 "hold" and no "sell" or "strong sell." The average consensus recommendation for the homebuilding peer group is also "hold"

• Wall Street's median 12-month price target for Hovnanian Enterprises Inc is $120.00, about 24.1% below its last closing price of $148.95

This summary was machine generated from LSEG data August 21 at 02:22 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)