Hovnanian Enterprises Q2 EPS $4.47 Down From $8.39 YoY, Sales $703.66M Up From $702.50M YoY
Portfolio Pulse from Benzinga Newsdesk
Hovnanian Enterprises reported Q2 earnings of $4.47 per share, a 46.72% decrease YoY, and sales of $703.66M, a 0.17% increase YoY.
May 31, 2023 | 1:18 pm
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Hovnanian Enterprises' Q2 earnings decreased by 46.72% YoY to $4.47 per share, while sales increased by 0.17% YoY to $703.66M.
Hovnanian Enterprises' Q2 earnings showed a significant decrease in EPS, which is likely to negatively impact the stock price in the short term. The slight increase in sales may not be enough to offset the negative sentiment from the decrease in earnings.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100