Hovnanian Sees Q2 Revenues Between $675M-$775M, Adjusted Homebuilding Gross Margin Expected To Be Between 21.5% And 23.0%
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Hovnanian Enterprises expects its Q2 revenues to be in the range of $675M-$775M, with an adjusted homebuilding gross margin forecasted to be between 21.5% and 23.0%.
February 22, 2024 | 2:19 pm
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Hovnanian Enterprises anticipates Q2 revenues between $675M-$775M and an adjusted homebuilding gross margin of 21.5%-23.0%.
The projected increase in revenues and a healthy gross margin indicate a positive outlook for Hovnanian Enterprises. This financial guidance suggests operational efficiency and a strong market position, likely leading to investor optimism and a potential increase in stock price in the short term.
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