Hovnanian (HOV) reported earnings on Thur 7 June 2018 (b/o)

** charts after earnings **

 

Hovnanian misses by $0.02, misses on revs 

• Reports Q2 (Apr) loss of $0.07 per share, $0.02 worse than the two analyst estimate of ($0.05); revenues fell 14.2% year/year to $502.5 mln vs the $511.1 mln two analyst estimate.
• Homebuilding gross margin percentage, after cost of sales interest expense and land charges, was 13.8% for the second quarter of fiscal 2018 compared with 12.6% in the prior year's second quarter.
• The dollar value of contract backlog, including unconsolidated joint ventures, as of April 30, 2018, was $1.34 billion, an increase of 5.6% compared with $1.27 billion as of April 30, 2017.

HOV — NR

This week's biggest % winners & losers (December 26 - 29, 2017)

The following are this week's top 20 percentage gainers and top 20 percentage losers, categorized by sectors (over $300 mln market cap and 100K average daily volume).

This week's top 20 % gainers

• Healthcare: INSY (9.62 +35.11%), ATRA (18.1 +16.03%), IMMU (16.16 +10.31%)
• Materials: MTL (5.26 +24.94%), FRTA (11.1 +10.89%)
• Consumer Discretionary: HOV (3.35 +19.64%)
• Information Technology: QIWI (17.33 +22.3%), SFUN (5.58 +20.52%), CMCM (12.08 +15.16%), TIVO (15.6 +11.03%)
• Financials: GCAP (10 +32.28%)
• Energy: CIEIQ (0.93 +25%), PES (3.05 +24.49%), SD (21.07 +16.28%), CRC (19.44 +13.82%), EPE (2.36 +12.92%), CVRR (16.55 +11.45%), AXAS (2.46 +11.31%), DNR (2.21 +9.95%)
• Telecommunication Services: NIHD (0.42 +14.68%)

This week's top 20 % losers

• Healthcare: PTLA (48.68 -11.27%), EVH (12.3 -9.56%), NK (4.49 -7.99%), AGEN (3.26 -7.91%), CHRS (8.8 -7.85%), GNMK (4.17 -7.74%), ITCI (14.48 -7.71%), ONVO (1.34 -7.59%), CERS (3.38 -7.14%)
• Consumer Discretionary: ENT (2.29 -8.76%), ELY (13.93 -7.99%), RH (86.21 -7.22%)
• Information Technology: ADTN (19.35 -14.19%), DDD (8.64 -9.24%), INFN (6.33 -8.26%), LITE (48.9 -7.39%), SYNT (22.99 -7.04%), CALX (5.95 -7.03%)
• Financials: PSEC (6.74 -7.16%)
• Energy: CLMT (7.7 -9.94%)

Long trade : HOV +25% (12/17)

• Dec 18:  vol. 1.6M;  $2.6

 

This week's biggest % winners & losers : Oct. 2 - 6, 17 (wk 40)

The following are this week's top 20 percentage gainers and top 20 percentage losers, categorized by sectors (over $300 mln market cap and 100K average daily volume).

This week's top 20 % gainers

• Healthcare: MNKD (5.04 +132.26%), ELGX (5.74 +28.7%), NTLA (30.88 +24.27%), FLXN (29.72 +22.89%), MYL (38.27 +22%), ICPT (70.12 +20.81%), ATRS (3.89 +20.06%), SGYP (3.47 +19.66%), CFMS (4.13 +17.33%), FMI (46.98 +16.85%)
• Materials: TROX (25.31 +19.95%)
• Industrials: THR (20.83 +15.79%), GOL (24.33 +15.09%), BW (3.81 +14.41%)
• Consumer Discretionary: HOV (2.25 +16.58%), PNK (24.41 +14.55%)
• Information Technology: SNCR (14.19 +52.09%), VNET (7.16 +25.83%)
• Consumer Staples: OME (22.05 +32.43%)
• Telecommunication Services: I (6.54 +39.15%)

This week's top 20 % losers

• Healthcare: MNTA (12.95 -30%), MCRB (11.92 -25.69%), IMMU (11.65 -16.67%), SCMP (10.5 -11.02%)
• Consumer Discretionary: TTS (8.6 -32.28%), ODP (3.95 -13%), ASNA (2.19 -10.82%), GPRO (9.89 -10.17%), HELE (87.45 -9.75%)
• Information Technology: SHOP (97.92 -15.94%), NPTN (4.96 -10.79%), PI (37.12 -10.78%), AAOI (58.2 -10%),
• Financials: NAVI (12.6 -16.11%), MBI (7.65 -12.07%)
• Energy: PDS (2.77 -11.22%), CIE (1.27 -11.19%), HLX (6.63 -10.28%), NE (4.13 -10.22%)
• Consumer Staples: FIZZ (109.23 -11.95%)

Long trade : HOV +25% (9/17)

• 9/25:  vol. 1.0M  

  

  

Hovnanian (HOV) reported earnings on Fri 2 June 17 (b/o)

** charts after earnings **

 

• Hovnanian reports 2Q loss

RED BANK, N.J. (AP) _ Hovnanian Enterprises Inc. (HOV) on Friday reported a loss of $6.7 million in its fiscal second quarter.

The Red Bank, New Jersey-based company said it had a loss of 5 cents per share.

The homebuilder posted revenue of $585.9 million in the period.

The company's shares closed at $2.51. A year ago, they were trading at $1.93.

Long trade : HOV (7/16)

Hovnanian (HOV) reported earnings Thur 2 June 2016 (b/o)

** charts after earnings **

 

Hovnanian reports Q2 (Apr) results, beats on revs; lowers FY16 guidance :

• Reports Q2 (Apr) GAAP loss of $0.06 per share, including land charges, may not be comparable to the Capital IQ Consensus of $0.03; revenues rose 39.6% year/year to $654.7 mln vs the $643.05 mln two analyst estimate. 
  • The dollar value of consolidated net contracts increased 9.6% to $768.1 million for the three months ended April 30, 2016 compared with $700.7 million during the same quarter a year ago. The dollar value of net contracts, including unconsolidated joint ventures, during the second quarter of fiscal 2016 increased 5.1% to $789.3 million compared with $750.9 million in last year's second quarter.
  • Consolidated deliveries were 1,598 homes in the second quarter of fiscal 2016, a 30.7% increase compared with 1,223 homes in the second quarter of fiscal 2015. For the three months ended April 30, 2016, deliveries, including unconsolidated joint ventures, increased 27.8% to 1,647 homes compared with 1,289 homes in the second quarter of the prior year.
  • Homebuilding gross margin percentage, before interest expense and land charges included in cost of sales, was 16.1% for both the second quarter ended April 30, 2016 and 2015.

Hovnanian (HOV) reported earnings Fri 4 Dec 2015 (before open)

** charts after earnings **

Hovnanian beats by $0.06, misses on revs; reaffirms FY16 guidance :

• Reports Q4 (Oct) earnings of $0.16 per share, $0.06 better than the Capital IQ Consensus of $0.10; revenues fell 0.7% year/year to $693.2 mln vs the $738 mln Capital IQ Consensus; deliveries -2%.
  • The number of net contracts, including unconsolidated joint ventures, increased 20.7% to 1,629 homes (+29% to $684 mln) for the fourth quarter of fiscal 2015 from 1,350 homes during the fourth quarter of fiscal 2014. The number of consolidated net contracts increased 18.0% to 1,535 homes compared with 1,301 homes in the prior year's fourth quarter.
  • Homebuilding gross margin percentage, before interest expense and land charges included in cost of sales, was 18.0% for Q4 vs. 17.6% guidance, compared with 19.3% in last year's fourth quarter, and 17.8% for the third quarter of fiscal 2015.
• Co reaffirms guidance for FY16 assuming no changes in market conditions, sees FY16 revs of $2.7-3.1 bln vs. $2.84 bln Capital IQ Consensus; adj. pretax profit $40-100 mln.

HOV - Jan 2013