Hovnanian Enterprises (HOV) Reports Q2 EPS of $69.65

Hovnanian Enterprises (NYSE: HOV) reported Q2 EPS of $69.65, versus $0.60 reported last year. Revenue for the quarter came in at $703.2 million, versus $538.4 million reported last year.

GUIDANCE:

Hovnanian Enterprises sees FY2021 revenue of $700-750 million.

• For the third quarter of fiscal 2021, total revenues are expected to be between $700 million and $750 million, adjusted pretax income is expected to be between $35 million and $45 million and adjusted EBITDA is expected to be between $80 million and $90 million.

Hovnanian Enterprises sees FY2021 revenue of $2.65-2.80 billion.

• For all of fiscal 2021, total revenues are expected to be between $2.65 billion and $2.80 billion; however, we are increasing our guidance for adjusted pretax income to be between $150 million and $170 million and we are increasing our guidance for adjusted EBITDA to be between $310 million and $350 million.

For earnings history and earnings-related data on Hovnanian Enterprises (HOV) click here.

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