- Earnings per share (EPS) for the second quarter was $108.54, surpassing the estimate of $104.99, but lower than the previous year’s $120.69.
- Home building revenue remained consistent at $2.55 billion compared to the same period last year.
- Net orders decreased by 11% from the previous year.
- The gross margin fell to 21.5% from 23.6% year-over-year.
- The cancellation rate increased to 16.5%, up from 12.9% last year.
- The number of average active communities was 426, a 1.6% decline year-over-year, slightly above the estimate of 409.06.
- New home settlements totaled 5,475, a 3.3% decrease from the previous year, but surpassed the estimate of 5,250.
- The average price for new orders slightly decreased by 0.2% year-over-year to $0.46 million, in line with the estimate of $0.45 million.
- There were 5,379 new orders, an 11% decline from the previous year, yet exceeded the estimate of 5,050.
- The backlog decreased by 13% year-over-year to 10,069, still higher than the estimate of 9,966.
- The backlog average price was $0.47 million, meeting estimates.
- Analyst ratings included 1 buy, 4 holds, and 2 sells.
A look at Nvr Inc Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 1 | |
| Growth | 4 | |
| Resilience | 4 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.0 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Investors looking into the long-term prospects of NVR Inc may find the Smartkarma Smart Scores insightful. With an overall positive outlook for the company, NVR Inc scores well in growth, resilience, and momentum, earning a value score that indicates moderate performance in this aspect. The company’s focus on building homes and engaging in mortgage banking activities under renowned tradenames like Ryan Homes and NVHomes positions it as a reliable player in the real estate market.
NVR Inc’s high scores in growth, resilience, and momentum underscore its potential for sustained performance in the future. While the dividend score is lower, the company’s commitment to building quality homes and providing mortgage services sets a solid foundation for its long-term success. Investors may view NVR Inc as a promising investment opportunity given its strong showing in key areas essential for enduring growth in the housing industry.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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