NVR Gears Up to Report Q2 Earnings: What's in the Offing?

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 ...