Hovnanian Enterprises Raised FY24 Outlook For Revenue To $2.90B-$3.05B (From $2.75B-$3.00B Prior), EPS To $29-$31 (From $25-$29 Earlier)
Portfolio Pulse from Benzinga Newsdesk
Hovnanian Enterprises has raised its fiscal year 2024 outlook, increasing revenue expectations to $2.90B-$3.05B and EPS to $29-$31. The company anticipates significant growth in book value per share by October 2024.
August 22, 2024 | 1:29 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Hovnanian Enterprises has raised its FY24 revenue and EPS outlook, indicating strong expected performance. Revenue is now projected at $2.90B-$3.05B, and EPS at $29-$31. The company also expects a 50% increase in book value per share by October 2024.
The raised guidance for both revenue and EPS suggests improved financial performance, which is likely to positively impact Hovnanian's stock price. The significant expected increase in book value per share further supports a positive outlook.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100