Earnings Preview: Hovnanian Reports Quarterly Results Wednesday

| About: Hovnanian Enterprises, (HOV)

Hovnanian Enterprises, Inc. (NYSE:HOV) is due to report earnings after the closing bell on Wednesday, September 7, 2011.

HOV trades an average of 2.4 million shares per day. Hovnanian Enterprises, Inc. engages in homebuilding and financial services businesses in the United States. The company was founded in 1959 and is headquartered in Red Bank, New Jersey.

52-Week High: $5.00
52-Week Low: $1.20
Book Value: $-3.71
Float Short: 24.64%

Analysts are expecting an improvement of $0.23 in earnings per share compared to last quarter's results of $-0.69. The reporting quarter's estimated mean earnings are $-0.46 per share. Analyst estimates range between $-0.56 and $-0.28 per share.

In the last month, the stock has increased in price 13.57%, with a one-year change of -56.79%.
Comparing to the S&P 500 price changes, the price performances are 13.16% vs. the S&P 500 from a month ago, and year-to-date difference is -59.40% vs. the S&P 500 price change.

For the same fiscal period year-over-year, revenue has declined to $1.37 billion for 2010 vs. $1.60 billion for 2009. The bottom line has rising earnings year-over-year of $2.59 million for 2010 vs. $-716.71 million for 2009. The company's earnings before income and taxes are rising with an EBIT year-over-year of $-223.37 million for 2010 vs. $-941.51 million for 2009.

Annually, revenue is growing at a rate of -14.38%.

Gross reported revenue compared to the mean estimate (rounded)

Fiscal Quarter Ending Month-Year Revenue Estimates Actual $ Difference Difference %
Apr-11 $ 259.01 M $ 255.10 M $ -3.91 M -1.51%
Jan-11 $ 241.97 M $ 252.57 M $ 10.60 M 4.38%
Oct-10 $ 288.26 M $ 353.01 M $ 64.75 M 22.46%
Jul-10 $ 393.54 M $ 380.60 M $ -12.94 M -3.29%
Apr-10 $ 357.45 M $ 318.58 M $ -38.87 M -10.87%

M = millions, B = billions
Differences are rounded.
Some one-time items are often excluded in reported EPS.

Reported earnings per share compared to the mean estimate. Differences are rounded.

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Tagged: , Residential Construction, Earnings
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