Hovnanian Enterprises Sees FY23 Revenue $2.5B-$2.65B; FY23 EPS $17-$20
Portfolio Pulse from Happy Mohamed
Hovnanian Enterprises forecasts FY23 revenue between $2.5B-$2.65B and EPS of $17-$20. Adjusted homebuilding gross margin is expected to be 21.0%-22.5%, with adjusted pretax income between $180M-$200M and adjusted EBITDA between $320M-$340M.
May 31, 2023 | 1:23 pm
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Hovnanian Enterprises expects FY23 revenue of $2.5B-$2.65B, EPS of $17-$20, and a 60% increase in common shareholders' equity.
Hovnanian Enterprises' positive outlook for FY23, including increased revenue, EPS, and shareholder equity, indicates strong growth potential. This is likely to have a positive impact on the company's stock price in the short term.
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RELEVANCE 100