NVR (NVR) Soars 3.0%: Is Further Upside Left in the Stock?
NVRNVR(US:NVR) ZACKS·2024-06-03 15:56

Company Overview - NVR shares increased by 3% to close at $7,680.73, with notable trading volume compared to typical sessions, following a 0.3% loss over the past four weeks [1] - The company is benefiting from improving housing market demand and a solid business model [1] Earnings Expectations - NVR is expected to report quarterly earnings of $121.65 per share, reflecting a year-over-year increase of 4.4%, with revenues projected at $2.48 billion, up 8.7% from the previous year [2] - The consensus EPS estimate for NVR has been revised 1% higher in the last 30 days, indicating a positive trend that may lead to price appreciation [3] Industry Context - NVR is part of the Zacks Building Products - Home Builders industry, which includes KB Home, another company in the sector that closed 1% higher at $70.60 and has returned 5.8% in the past month [3] - KB Home's consensus EPS estimate remains unchanged at $1.79, representing a decline of 7.7% from the previous year, and it currently holds a Zacks Rank of 2 (Buy) [4]

NVR (NVR) Soars 3.0%: Is Further Upside Left in the Stock? - Reportify