Hovnanian Sees Q1 Revenues Between $525M-$625M, Adjusted Homebuilding Gross Margin Expected To Be Between 22.0% And 23.5%
Portfolio Pulse from Benzinga Newsdesk
Hovnanian Enterprises expects Q1 revenues to be in the range of $525M-$625M with an adjusted homebuilding gross margin projected to be between 22.0% and 23.5%.
December 05, 2023 | 2:25 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Hovnanian Enterprises anticipates Q1 revenues between $525M-$625M and adjusted homebuilding gross margins of 22.0%-23.5%.
The projected revenue range and gross margin indicate a positive outlook for Hovnanian Enterprises' Q1 performance. This financial guidance is likely to be viewed favorably by investors, potentially leading to a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100