NVR Misses Q2 Estimates While Installed Building Products Leads Home Builders

Earnings
โดย Yahoo Finance·US·Read original
Summary · why it matters

NVR reported second-quarter revenues of $2.33 billion, down 10.5% year over year and 3.9% below analyst expectations, making it the weakest performer among the nine home builders tracked. Installed Building Products delivered the biggest beat, with revenues of $777.8 million, up 2.3% year over year and 4.4% above estimates. Lennar's revenues fell 5.2% to $7.94 billion, missing estimates by 2.4%, while LGI Homes grew revenues 3.7% to $501.5 million, beating by 2.9%. D.R. Horton posted flat revenues of $9.23 billion, in line with expectations, but issued full-year revenue guidance that significantly missed analyst forecasts.

Impact on stocks 5

Consumer Discretionary± Mixed · 5 stocks
DR Horton Inc
DHI
▼ NegativeCapitalrelevance

Revenues flat but full-year guidance significantly missed forecasts.

LGI Homes
LGIH
▲ PositiveCapitalrelevance

Revenues grew 3.7% and beat estimates by 2.9%.

NVR Inc
NVR
▼ NegativeCapitalrelevance

Revenues missed estimates and fell 10.5% YoY, making it the weakest performer.