NYSE$HOV
Hovnanian Enterprises Inc · Q1 2022 earnings
Q1 2022 earnings · · Investor relations
Briefing
Hovnanian reported mixed results for the first quarter of fiscal year 2022 with increased pretax profit and improved gross margins, but a slight decrease in total revenues.
Hovnanian Enterprises reported an 81% year-over-year increase in pretax profit and a 260 basis point increase in gross margin percentage. Despite a slight decrease in total revenues, the company saw a 13% increase in consolidated backlog dollars and a 21% increase in consolidated controlled lots.
- Pretax profit increased by 81% year-over-year.
- Gross margin percentage increased by 260 basis points year-over-year.
- Consolidated backlog dollars increased by 13% to $1.89 billion.
- Consolidated controlled lots increased by 21%.
Headline financials
Revenue & EPS history
Hovnanian · Revenue · Quarterly
$565M
Revenue by segment
Hovnanian · $668M total across 3 segments · Q2 2026
- Sale of homes$604M—90.5%
- Land sales and other$40.1M—6.0%
- Financial services$23.4M—3.5%
Forward guidance
Hovnanian Enterprises is reiterating its financial guidance for the second quarter and full year of fiscal 2022, with expectations of strong growth in revenues, gross margin, and pretax income.
Tailwinds
- Total revenues for Q2 2022 are expected to be between $700 million and $750 million.
- Gross margin, before cost of sales interest expense and land charges, for Q2 is expected to be between 23.0% and 25.0%.
- Adjusted pretax income for Q2 is expected to be between $60 million and $75 million.
- Total revenues for fiscal 2022 are expected to be between $2.80 billion and $3.00 billion.
- Fully diluted earnings per share for fiscal 2022 are expected to be between $26.50 and $32.00.
Headwinds
- Financial guidance assumes no adverse changes in current market conditions.
- Guidance excludes further impact to SG&A expenses from phantom stock expense related solely to stock price movements.
- Supply chain disruptions and labor shortages may impact future performance.
- Increased inflation may impact future performance.
- Lumber price fluctuations may impact future performance.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q1 2022
+1.0%
Avg return
Earnings day
+1.7%
Avg return
5 days after
-1.6%
Avg return
30 days after
48%
32 / 67 earnings
Positive
+53.3%
Q3 2019
Best reaction
-23.5%
Q4 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q2 2026 | +16.6% | +13.6% | +34.4% | |
| Q1 2026 | +3.1% | -1.6% | -13.1% | |
| Q4 2025 | -23.5% | -25.6% | -27.0% | |
| Q3 2025 | -11.9% | -5.3% | -3.4% | |
| Q2 2025 | -12.6% | -17.2% | -16.7% | |
| Q1 2025 | -12.4% | -16.3% | -12.5% | |
| Q4 2024 | -10.5% | -11.8% | -31.7% | |
| Q3 2024 | +10.0% | +6.6% | +3.5% | |
| Q2 2024 | -16.3% | -17.5% | -16.0% | |
| Q1 2024 | -12.6% | -11.4% | -11.1% | |
| Q4 2023 | +19.6% | +40.6% | +49.6% | |
| Q3 2023 | +18.4% | +24.9% | +1.3% | |
| Q2 2023 | -9.3% | -4.7% | +5.7% | |
| Q1 2023 | -1.5% | +3.6% | -3.8% | |
| Q4 2022 | -11.9% | -6.0% | -7.0% | |
| Q3 2022 | +2.7% | -2.7% | -11.0% | |
| Q2 2022 | +10.5% | +16.2% | -9.7% | |
| Q1 2022 | -4.4% | -12.3% | -38.5% | |
| Q4 2021 | +22.6% | +9.3% | +4.5% | |
| Q3 2021 | +10.1% | +7.5% | -12.2% | |
| Q2 2021 | -19.3% | -21.0% | -26.2% | |
| Q1 2021 | +48.9% | +34.4% | +97.5% | |
| Q4 2020 | -8.2% | -13.0% | -16.7% | |
| Q3 2020 | -14.7% | -16.3% | +4.8% | |
| Q2 2020 | +48.7% | +59.3% | +26.6% | |
| Q1 2020 | -13.0% | -36.6% | -75.9% | |
| Q4 2019 | +25.6% | +29.0% | -2.4% | |
| Q3 2019 | +53.3% | +84.7% | +126.9% | |
| Q2 2019 | -15.2% | -15.7% | -18.0% | |
| Q1 2019 | +7.8% | +1.7% | -11.5% | |
| Q4 2018 | +6.4% | +0.0% | -29.1% | |
| Q3 2018 | +3.2% | +10.4% | +0.0% | |
| Q2 2018 | -3.0% | +0.0% | -13.4% | |
| Q1 2018 | -6.6% | -5.3% | -18.0% | |
| Q4 2017 | +4.9% | +7.5% | -4.1% | |
| Q3 2017 | -7.0% | -6.5% | +21.0% | |
| Q2 2017 | -9.6% | -9.2% | +11.6% | |
| Q1 2017 | -9.9% | -7.9% | -9.5% | |
| Q4 2016 | +2.5% | +9.8% | +11.5% | |
| Q3 2016 | -15.2% | -16.2% | -16.2% | |
| Q2 2016 | -14.0% | -8.3% | -11.4% | |
| Q1 2016 | -16.5% | — | — | |
| Q4 2015 | +7.6% | — | — | |
| Q3 2015 | +2.6% | — | — | |
| Q2 2015 | -8.5% | — | — | |
| Q1 2015 | -0.6% | — | — | |
| Q4 2014 | +10.0% | — | — | |
| Q3 2014 | +1.9% | — | — | |
| Q2 2014 | -2.8% | — | — | |
| Q1 2014 | -14.0% | — | — | |
| Q4 2013 | +7.6% | — | — | |
| Q3 2013 | +0.8% | — | — | |
| Q2 2013 | +2.3% | — | — | |
| Q1 2013 | -2.3% | — | — | |
| Q4 2012 | -3.5% | — | — | |
| Q3 2012 | -1.9% | — | — | |
| Q2 2012 | +22.4% | — | — | |
| Q1 2011 | +16.3% | — | — | |
| Q1 2012 | +16.3% | — | — | |
| Q4 2011 | +9.2% | — | — | |
| Q2 2011 | +9.2% | — | — | |
| Q4 2009 | +9.2% | — | — | |
| Q3 2010 | -12.2% | — | — | |
| Q4 2010 | -12.2% | — | — | |
| Q3 2011 | -12.2% | — | — | |
| Q2 2010 | -13.1% | — | — | |
| Q1 2010 | +2.4% | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro