- NVR’s third-quarter earnings per share (EPS) came in at $130.50, which missed the estimated EPS of $130.67, but improved from last year’s $125.26.
- Consolidated revenue increased by 6.2% year-over-year to $2.73 billion, slightly surpassing the forecast of $2.72 billion.
- Home building revenue rose by 6.6% year-over-year to $2.68 billion, falling short of the $2.72 billion estimate.
- Net orders grew significantly by 19% year-over-year, reaching a total of 5,650, surpassing the estimated 5,278.
- The gross margin decreased to 23.4% from 24.3% last year and did not meet the 23.7% estimate.
- Backlog increased by 9%, with a total of 11,339 homes, exceeding the estimate of 11,034 homes.
- Cancellation rate slightly increased to 14.5% from last year’s 13.6%.
- Average active communities decreased by 2.1% year-over-year to 422, below the estimated 438.49.
- New home settlements rose by 5.4% year-over-year to 5,908, surpassing the estimate of 5,841.
- The average price for new orders slightly decreased by 1.2% year-over-year to $0.45 million.
- Backlog average price stands at $0.47 million.
- In terms of analyst ratings, NVR received 2 buy recommendations, 5 holds, and 1 sell.
Nvr Inc on Smartkarma
Analyst coverage of Nvr Inc on Smartkarma has been detailed by Contrarian Cashflows in their recent research report titled “Portfolio Update: September 2024.” The report shares insights from an investment conference where discussions revolved around value investing and independent perspectives. The author highlights a preference for cyclical stocks like Tidewater Inc, contrasting the current trend of “quality growth investing.” Recognizing the intricacies of investing in companies facing challenges, the report sheds light on unique perspectives in the investment landscape.
A look at Nvr Inc Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 1 | |
| Growth | 4 | |
| Resilience | 4 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.2 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on the Smartkarma Smart Scores, NVR Inc shows promising potential for long-term growth. With high scores in Growth, Resilience, and Momentum, the company appears well-positioned to capitalize on opportunities and navigate challenges in the market. NVR’s focus on building and marketing homes, coupled with its mortgage banking activities, reflects a diversified business model that can drive future success.
Although NVR Inc scores lower in Value and Dividend factors, the strong performance in Growth, Resilience, and Momentum indicates that the company’s overall outlook remains positive. Investors looking for growth opportunities in the housing sector may find NVR Inc an attractive option based on its solid scores across key factors.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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