NVR Q4 2023 Adj EPS $121.56 Beats $121.50 Estimate, Sales $2.43B Miss $2.59B Estimate
Portfolio Pulse from Benzinga Newsdesk
NVR, Inc. reported Q4 2023 adjusted earnings per share (EPS) of $121.56, slightly beating the consensus estimate of $121.50. However, the company's sales for the quarter were $2.43 billion, falling short of the $2.59 billion estimate, marking a 10.40% decrease from the same period last year.
January 30, 2024 | 2:04 pm
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NVR's Q4 2023 earnings surpassed EPS estimates marginally but failed to meet sales expectations, with a significant year-over-year decline.
While NVR's EPS slightly exceeded expectations, the miss on sales estimates and the notable year-over-year decrease in sales are likely to concern investors, potentially leading to a negative short-term impact on the stock price.
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