For the six months ended June 30, 2024, consolidated revenues were $4.95 billion, a 10% increase from $4.52 billion reported for the same period of 2023. Net income for the six months ended June 30, 2024 was $795.2 million, an increase of 6% when compared to net income for the six months ended June 30, 2023 of $748.4 million. Diluted earnings per share for the six months ended June 30, 2024 was $237.05, an increase of 9% from $216.52 per diluted share for the same period of 2023. New orders in the second qu ...

For the quarter to be reported, the Zacks Consensus Estimate for earnings per share (EPS) has remained stable at $121.65 over the past 60 days. The estimated figure indicates a rise of 4.4% from the year-ago quarter. NVR's second-quarter Homebuilding revenues (which accounted for 98.4% of 2023 total revenues) are expected to have increased from the year-ago level on improving demand trends. The upside is mainly backed by the low supply of existing homes and decreasing cancelation rates. Also, a strong busin ...

5 Homebuilders to Watch on Rate-Cut Expectations Meanwhile, a few recently released weaker-than-expected key inflation data and soft data for several important economic variables, especially labor market data, have boosted investors' hope of interest rate cuts by the Fed. The core CPI (excluding volatile food and energy items) increased 0.1% month over month in June, lower than the consensus estimate of an increase of 0.2%. The reading for May was also 0.2%. Year over year, core CPI increased 3.3%, marking ...

NVR Inc. (NYSE:NVR) was the first company I covered on Seeking Alpha. I initiated coverage in August 2023 with a "Buy" rating. Thomas Barwick/DigitalVision via Getty Images Investment Thesis The drivers of the business have not changed much since then. Although the stock has slightly underperformed the broader market, I believe the outlook remains positive. High mortgage rates have mixed effects, not solely negative, as the market perceives. Combined with factors such as the housing shortage, the business i ...

NVR (NVR) shares rallied 3% in the last trading session to close at $7,680.73. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 0.3% loss over the past four weeks. NVR has been benefiting from improving housing market demand and solid business model. This homebuilder is expected to post quarterly earnings of $121.65 per share in its upcoming report, which represents a year-over-year change of +4.4%. Revenues a ...

Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both. The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor. Zacks Premium includes access to the Zacks Style Scores as well. What are the Zacks Style S ...

RESTON, Va., May 7, 2024 /PRNewswire/ -- NVR, Inc. (NYSE: NVR) announced today that its Board of Directors has authorized the repurchase of up to an aggregate of $750 million of its outstanding common stock. The repurchase authorization does not have an expiration date. The purchases will occur from time to time in the open market and/or in privately negotiated transactions as market conditions permit. The Company indicated that the authorization is a continuation of the stock repurchase program that began ...

Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 UNITED STATES SECURITIES AND EXCHANGE COMMISSION For the transition period from ____ to ____ Commission File Number: 1-12378 NVR, Inc. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or ...

Growth stocks are attractive to many investors, as above-average financial growth helps these stocks easily grab the market's attention and produce exceptional returns. However, it isn't easy to find a great growth stock.That's because, these stocks usually carry above-average risk and volatility. In fact, betting on a stock for which the growth story is actually over or nearing its end could lead to significant loss.However, it's pretty easy to find cutting-edge growth stocks with the help of the Zacks Gro ...

Exhibit 99.1 NVR, INC. ANNOUNCES FIRST QUARTER RESULTS April 23, 2024, Reston, VA—NVR, Inc. (NYSE: NVR), one of the nation's largest homebuilding and mortgage banking companies, announced net income for its first quarter ended March 31, 2024 of $394.3 million, or $116.41 per diluted share. Net income and diluted earnings per share for the first quarter ended March 31, 2024 increased 14% and 17%, respectively, when compared to 2023 first quarter net income of $344.4 million, or $99.89 per diluted share. Cons ...