Hovnanian (HOV) Surpasses Q4 Earnings and Revenue Estimates

Hovnanian (HOV) came out with quarterly earnings of $5.96 per share, beating the Zacks Consensus Estimate of $0.63 per share. This compares to earnings of $12.79 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of +846.03%. A quarter ago, it was expected that this homebuilder would post earnings of $3.51 per share when it actually produced earnings of $1.99, delivering a surprise of -43.3%.Over the last four quarters, the company ...