NVR (NVR) reported earnings 30 days ago. What's next for the stock?
NVR tops Q3 earnings and Homebuilding revenue estimates despite softer housing demand and declining new orders.
NVR (NVR) reported earnings 30 days ago. What's next for the stock?
Despite the margin normalization, the housing market undersupply supports NVR's investment thesis. Analyst consensus estimates have been revised downwards, now aligning with my expectations that above 20% operating margins were not sustainable. NVR is not gaining market share, a factor that I will be monitoring going forward.
NVR tops Q2 estimates on higher ASPs, but new orders fell 11% as affordability issues and cancellations rise.
NVR (NVR) came out with quarterly earnings of $108.54 per share, beating the Zacks Consensus Estimate of $104.89 per share. This compares to earnings of $120.69 per share a year ago.
NVR's second-quarter 2025 performance is likely to have reflected softer-than-anticipated demand and higher expenses.
NVR (NVR) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
NVR shares have dropped over 15% since December, Q1 earnings missed expectations significantly, with gross margins pressured by higher lot costs and pricing competition. The company is well run but gets sparse coverage from Wall Street despite a higher than $20 billion market capitalization. Recent quarterly results highlighted several trends that are negatively impacting the home building industry in 2025.
NVR faces significant macro headwinds, with declining community count, order book, and rising cancellations indicating weak forward sales momentum and pressure on profitability. 1Q25 results show cracks with a modest revenue increase but notable declines in net income, EPS, and gross profit margin due to higher lot costs and pricing pressure. The macro environment, including elevated mortgage rates and inflation, is creating a tough setup, leading to increased cancellations and the need for heavier incentives.
NVR's first quarter Homebuilding margins negatively impacted by higher lot costs and affordability pressures.
NVR (NVR) came out with quarterly earnings of $94.83 per share, missing the Zacks Consensus Estimate of $107.87 per share. This compares to earnings of $116.41 per share a year ago.