- NVR’s earnings per share (EPS) for the first quarter fell short at $94.83, compared to $116.41 from the previous year and the estimate of $107.76.
- Total consolidated revenue was $2.40 billion, showing a 3% increase from the previous year, in line with expectations.
- The home building revenue reached $2.35 billion, up 2.8% year-over-year, slightly below the $2.4 billion estimate.
- Net orders saw a 12% decline from the previous year.
- Gross margin decreased to 21.9% from 24.5% last year, missing the 23% estimate.
- The backlog of orders dropped by 9%, with cancellations increasing to 16% from 13% last year.
- The company had an average of 401 active communities, a decrease of 6.1% from the prior year, and less than the estimated 429.14.
- New home settlements totaled 5,133, marking a 0.9% rise from the previous year and above the expected 5,094.
- The average price for new orders was $0.45 million, a 1.3% decrease year-over-year, slightly under the estimate of $0.46 million.
- The number of new orders was 5,345, a 12% reduction from the previous year, and below the anticipated 5,597.
- The backlog comprised 10,165 orders, down 9.2% year-over-year, and fell short of the estimated 10,456.
- The average backlog order price was $0.48 million, matching the estimate.
- Analyst recommendations for NVR include 1 buy, 6 holds, and 1 sell.
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
SmartKarma Smart Scores provide insight into the long-term outlook for NVR, Inc. Based on the scores, Nvr Inc exhibits strength in growth, resilience, and momentum, with scores of 4 for each category. This indicates a positive outlook for the company’s future expansion, ability to weather market challenges, and favorable market performance trends. Additionally, Nvr Inc scores a 2 for value, suggesting that there may be room for improvement in terms of its valuation compared to its intrinsic worth. The company’s dividend score of 1 suggests a lower emphasis on distributing dividends to shareholders.
NVR, Inc. is a company engaged in building and selling homes, as well as providing mortgage banking services. Under its various tradenames such as Ryan Homes and NVHomes, NVR constructs single-family detached homes, townhomes, and condominium buildings. The company also offers mortgage-related services to its homebuilding clientele and other customers through its mortgage banking operations. With strong scores in growth, resilience, and momentum, Nvr Inc presents a promising long-term trajectory in the real estate and mortgage 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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