NVR Earnings: Everything You Must Know Now
NVR Inc. (NYSE:NVR) delivered a profit and missed Wall Street’s expectations, AND came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company.
NVR Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased 12.71% to $10.11 in the quarter versus EPS of $8.97 in the year-earlier quarter.
Revenue: Rose 28.78% to $992.2 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: NVR Inc. reported adjusted EPS income of $10.11 per share. By that measure, the company missed the mean analyst estimate of $12. It missed the average revenue estimate of $1.02 billion.
Quoting Management: There was no comment from the management.
Key Stats (on next page)…
Revenue increased 28.47% from $772.35 million in the previous quarter. EPS decreased 47.81% from $6.84 in the previous quarter.
Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $15.45 to a profit $14.69. For the current year, the average estimate has moved down from a profit of $54.43 to a profit of $50.79 over the last ninety days.
Stocks with improving earnings metrics are worthy of your extra attention. In fact, “E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our CHEAT SHEET investing framework for this very reason. Don’t waste another minute – click here and get our CHEAT SHEET stock picks now.
(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)