Hovnanian Beats the Street

Hovnanian Beats the Street

In its latest quarterly earnings report, Hovnanian posted profit of $322.5M or $1.95 per share versus analyst expectations of 20 cents per share. Notably, $285.1M of profit was from a one-time tax benefit and not operations. The company’s prospects appear to be improving with performance across many key metrics, including deliveries, dollar value of net contracts, revenue and backlog, up from the year ago period.

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Steve Devorak
Steve Devorak 152 posts

Steve Devorak is a former Director of Land Acquisition and Project Manager with extensive experience in the Southern California land market.

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