Hovnanian (HOV) Q3 Earnings and Revenues Miss Estimates

Core Viewpoint - Hovnanian's quarterly earnings significantly missed expectations, with earnings per share (EPS) of $1.99 compared to the consensus estimate of $3.51, marking a 43.30% earnings surprise [1][2] Financial Performance - The company reported revenues of $800.58 million for the quarter ended July 2025, which was 0.7% below the Zacks Consensus Estimate and an increase from $722.7 million year-over-year [2] - Over the last four quarters, Hovnanian has consistently failed to meet consensus EPS and revenue estimates [2] Stock Performance - Hovnanian shares have increased by approximately 11.3% since the beginning of the year, outperforming the S&P 500's gain of 8.7% [3] Future Outlook - The company's earnings outlook is crucial for investors, with current consensus EPS estimates of $2.57 for the upcoming quarter and $12.04 for the current fiscal year [7] - The Zacks Rank for Hovnanian is currently 3 (Hold), indicating expected performance in line with the market in the near future [6] Industry Context - The Building Products - Home Builders industry, to which Hovnanian belongs, is currently ranked in the bottom 7% of over 250 Zacks industries, suggesting potential challenges ahead [8] - Another competitor in the same industry, Lennar, is expected to report a significant decline in earnings, with a projected EPS of $2.14, reflecting a year-over-year decrease of 45.1% [9]