NVR Q2 EPS $116.54 Beats $100.33 Estimate, Sales $2.34B Miss $2.35B Estimate
Portfolio Pulse from Benzinga Newsdesk
NVR reported Q2 earnings of $116.54 per share, beating the analyst consensus estimate of $100.33 by 16.16%. However, this is a 5.75% decrease from the same period last year. The company's quarterly sales of $2.34 billion missed the analyst consensus estimate of $2.35 billion by 0.43%, marking a 12.00% decrease from the same period last year.
July 25, 2023 | 1:02 pm
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NEUTRAL IMPACT
NVR's Q2 earnings beat estimates but sales missed, with both showing a decrease from the same period last year.
NVR's earnings beat estimates, which is positive for the stock. However, the miss on sales and the decrease in both earnings and sales compared to the same period last year could offset this positive impact, leading to a neutral short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100