NVR (NVR) Q3 Earnings Lag Estimates

Company Performance - NVR reported quarterly earnings of $130.50 per share, missing the Zacks Consensus Estimate of $132.08 per share, but showing an increase from $125.26 per share a year ago, representing an earnings surprise of -1.20% [1] - The company posted revenues of $2.68 billion for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 0.78% and increasing from $2.51 billion year-over-year [1] - Over the last four quarters, NVR has surpassed consensus EPS estimates two times and topped consensus revenue estimates three times [1] Stock Performance - NVR shares have increased approximately 37.9% since the beginning of the year, outperforming the S&P 500's gain of 22.7% [2] Earnings Outlook - The current consensus EPS estimate for the coming quarter is $132.43 on revenues of $2.66 billion, and for the current fiscal year, it is $500.28 on revenues of $10.26 billion [4] - The estimate revisions trend for NVR is mixed, resulting in a Zacks Rank 3 (Hold), indicating expected performance in line with the market in the near future [4] Industry Context - The Building Products - Home Builders industry is currently in the top 40% of over 250 Zacks industries, suggesting a favorable outlook as the top 50% of Zacks-ranked industries outperform the bottom 50% by more than 2 to 1 [5] - M/I Homes, another company in the same industry, is expected to report quarterly earnings of $4.94 per share, reflecting a year-over-year change of +2.5%, with revenues anticipated to be $1.13 billion, up 7.7% from the previous year [5]