Earnings Alerts

NVR Inc (NVR) Earnings Miss Estimates with Q2 EPS at $120.69 and Revenue at $2.61 Billion

  • EPS (Earnings Per Share): Reported at $120.69, missing the estimate of $122.81, but up from $116.54 year-over-year.
  • Consolidated Revenue: $2.61 billion, up 12% year-over-year, but below the estimate of $2.64 billion.
  • Homebuilding Revenue: Reached $2.55 billion, marking a 12% increase year-over-year, but short of the $2.64 billion estimate.
  • Net Orders: Increased by 3%.
  • Backlog: Also rose by 3%.
  • Cancellation Rate: Increased to 12.9% from 10.9% year-over-year.
  • Average Active Communities: Numbered 433, a 1.6% increase year-over-year, but below the estimate of 437.45.
  • New Home Settlements: Totaled 5,659, up 11% year-over-year, but slightly below the estimate of 5,672.
  • New Orders Average Price: $0.46 million, a 2.6% rise year-over-year.
  • New Orders: Totaled 6,067, showing a 2.7% rise year-over-year and surpassing the estimate of 6,024.
  • Backlog Quantity: 11,597, up 3.3% year-over-year, but less than the estimated 11,651.
  • Backlog Average Price: $0.47 million.
  • Analyst Ratings: 2 buys, 4 holds, and 1 sell.

A look at Nvr Inc Smart Scores

FactorScoreMagnitude
Value2
Dividend1
Growth4
Resilience4
Momentum4
OVERALL SMART SCORE3.0

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 is positioned favorably for long-term growth and resilience in the housing market. With solid scores in Growth, Resilience, and Momentum, the company indicates a promising outlook for expansion and ability to withstand market fluctuations. Its focus on building quality homes and providing mortgage services adds to its appeal as a stable investment option.

While NVR Inc scores lower in Value and Dividend factors, the strong performance in Growth, Resilience, and Momentum suggests a potential for significant returns over the long run. Investors looking for exposure to the housing sector may find NVR Inc an attractive choice, given its established reputation in building homes under various brand names and offering mortgage services.

### NVR, Inc. builds and markets homes and conducts mortgage banking activities. The Company builds single-family detached homes, townhomes, and condominium buildings under the Ryan Homes, NVHomes, and other tradenames. NVR provides a number of mortgage related services to its homebuilding customers and to other customers through its mortgage banking operations. ###


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.
Have feedback on this article? Concerned about the content? Get in touch with us directly.


 

πŸ’‘ Before it’s here, it’s on Smartkarma

Sign Up for Free

The Smartkarma Preview Pass is your entry to the Independent Investment Research Network

  • βœ“ Unlimited Research Summaries
  • βœ“ Personalised Alerts
  • βœ“ Custom Watchlists
  • βœ“ Company Analytics and News
  • βœ“ Events & Webinars