NVR Q2 Adj EPS $120.69 Misses $121.21 Estimate, Sales $2.61B Beat $2.51B Estimate
Portfolio Pulse from Benzinga Newsdesk
NVR (NYSE:NVR) reported Q2 earnings per share (EPS) of $120.69, missing the analyst estimate of $121.21 by 0.43%. However, the company beat sales estimates with $2.61 billion, a 3.98% increase over the expected $2.51 billion. Year-over-year, EPS increased by 3.56% and sales by 11.63%.
July 23, 2024 | 1:02 pm
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NVR reported Q2 EPS of $120.69, missing the estimate of $121.21 by 0.43%. However, sales of $2.61 billion beat the estimate of $2.51 billion by 3.98%. Year-over-year, EPS increased by 3.56% and sales by 11.63%.
The slight miss on EPS is offset by the significant beat on sales and strong year-over-year growth in both EPS and sales. This mixed result is likely to have a neutral short-term impact on NVR's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100