Beazer Homes (BZH) reported $363.49 million in revenue for the quarter ended December 2025, representing a year-over-year decline of 22.5%. EPS of -$0.90 for the same period compares to $0.10 a year ago.The reported revenue represents a surprise of -14.12% over the Zacks Consensus Estimate of $423.23 million. With the consensus EPS estimate being -$0.49, the EPS surprise was -83.67%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wa ...

Key Takeaways NVR's Q4 EPS and homebuilding revenues beat estimates, but both declined year over year.Settlements and backlog fell Y/Y, reflecting affordability pressures despite modest order growth.Strong liquidity and buybacks support returns, even as housing demand remains cautious.NVR, Inc. (NVR) reported better-than-expected fourth-quarter 2025 results, with earnings and Homebuilding revenues surpassing the Zacks Consensus Estimate. Conversely, both earnings and Homebuilding revenues declined on a year ...

Key Takeaways NVR is expected to report a 25% drop in Q4 EPS and a 15.4% decline in revenues year over year.NVR's Q4 settlements are expected to be pressured by uneven demand and reduced homebuyer activity. NVR's Q4 margins are expected to face pressure from higher building materials and labor costs.NVR, Inc. (NVR) is expected to report lower earnings in the fourth quarter of 2025. Homebuilding revenues are also likely to have decreased on a year-over-year basis, given soft demand, elevated inventories and ...

Core Insights - Lennar Corporation (LEN) is currently trading nearly 30% lower than its 1-year high and has a price-to-sales (PS) multiple below the average of the past 3 years, indicating it may be undervalued despite strong margins [2][3] - The company is effectively navigating a challenging housing market through an asset-light strategy, managing 98% of its lot positions via options, and achieving operational efficiencies that have led to a 3% reduction in direct construction costs year-over-year [3] Financial Performance - Revenue growth has been negative at -4.7% over the last twelve months, with a 3.0% average over the last three years, suggesting a focus on margin and value rather than growth [7] - Lennar's operating margin has averaged nearly 13.6% over the past three years, indicating strong profitability [7] - The stock is trading at a price-to-earnings (PE) multiple of 11.7, reflecting a modest valuation despite favorable fundamentals [7] Market Strategy - The average forward returns for Lennar's stock are projected at 12.7% for 6 months and 25.8% for 12 months, with a win rate exceeding 70% for both intervals, demonstrating the effectiveness of the investment strategy [8] - The Trefis High Quality Portfolio, which includes Lennar, has a history of outperforming benchmark indices, indicating a robust investment strategy [11]

Core Insights - PulteGroup Inc. reported better-than-expected third-quarter 2025 results, with adjusted earnings of $2.96 per share and total revenues of $4.4 billion, surpassing estimates but showing a year-over-year decline [1][4][8] - The company's performance was negatively impacted by a soft housing market, characterized by weaker consumer confidence and affordability challenges [2][3] - Despite optimism regarding lowered interest rates, buyer demand remains below normal levels, prompting the company to leverage its diversified business platform to navigate macro challenges [3] Financial Performance - Adjusted earnings of $2.96 per share exceeded the Zacks Consensus Estimate of $2.86 by 3.5%, but decreased from $3.35 in the prior year [4][8] - Total revenues of $4.4 billion surpassed expectations by 2.3% but declined 1.6% from $4.48 billion year-over-year [4][8] - Homebuilding revenues fell 1.4% year-over-year to $4.3 billion, while home sale revenues decreased 2.2% to $4.25 billion [5][8] Segment Analysis - Homebuilding segment revenues decreased 1.4% year-over-year, while land sale and other revenues increased significantly by 175.7% to $53.2 million [5] - The number of homes closed dropped 5% to 7,529 units, with an average selling price (ASP) of $564,000, up 2.9% year-over-year [6] - Financial Services segment revenues fell 9.3% year-over-year to $103.3 million, with pretax income declining from $55 million to $44 million [8] Backlog and Orders - At the end of Q3, PulteGroup's backlog was 9,888 units, down 18.2% year-over-year, with potential housing revenues from the backlog decreasing 19% to $6.23 billion [7] - Net new home orders declined 5.6% year-over-year to 6,638 units, with the value of these orders falling 7.4% to $3.64 billion [6][8] Cash and Share Repurchase - As of the end of Q3, the company had cash and cash equivalents of $1.48 billion, down from $1.65 billion at the end of 2024 [10] - In the first nine months of 2025, PulteGroup repurchased 8.2 million common shares for $900 million at an average price of $109.81 per share [11]