NYSE$NVR
NVR Inc · Q4 2020 earnings
Q4 2020 earnings · · Investor relations
Briefing
NVR reported an increase in revenue and net income for Q4 2020.
NVR, Inc. reported a strong fourth quarter with an 18% increase in consolidated revenues and a 19% increase in net income compared to the same quarter in the previous year. The homebuilding segment saw revenue growth and increased new orders, while the mortgage banking segment benefited from higher loan volume and secondary marketing gains.
- Consolidated revenues increased by 18% to $2,344,015,000 compared to Q4 2019.
- Net income increased by 19% to $305,004,000, or $76.93 per diluted share, compared to Q4 2019.
- Homebuilding new orders increased by 25% to 5,485 units.
- Mortgage closed loan production increased by 17% to $1,659,219,000.
Headline financials
Revenue & EPS history
NVR · Revenue · Quarterly
$2.34B
Revenue by segment
NVR · $2.35B total across 2 segments · Q4 2020
- Homebuilding$2.26B—96.4%
- Mortgage Banking$83.8M—3.6%
Forward guidance
The company did not provide specific forward guidance but noted continued uncertainty regarding the impact of COVID-19 on its business.
Tailwinds
- Currently able to operate in all markets served.
- Following safety guidelines issued by the Centers for Disease Control and Prevention as well as state and local guidelines.
- Robust demand attributable to historically low mortgage rates.
- Lower resale inventory levels.
- Favorable impact on new orders.
Headwinds
- Uncertainty regarding the extent and timing of disruption to our business that may result from COVID-19 and related governmental actions.
- Uncertainty as to the effects of economic relief efforts on the U.S. economy.
- Unemployment rates may impact consumer confidence.
- Demand for our homes may be impacted.
- Mortgage market lending standards and secondary mortgage markets may be affected.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q4 2020
+0.8%
Avg return
Earnings day
+0.3%
Avg return
5 days after
+0.7%
Avg return
30 days after
46%
32 / 69 earnings
Positive
+11.9%
Q4 2016
Best reaction
-8.8%
Q2 2018
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +0.5% | -6.5% | -13.1% | |
| Q4 2025 | +1.6% | +2.9% | +0.2% | |
| Q3 2025 | -1.3% | -4.5% | -5.2% | |
| Q2 2025 | -1.2% | -0.6% | +1.4% | |
| Q1 2025 | +1.1% | +0.9% | +1.2% | |
| Q4 2024 | -3.8% | -4.4% | -14.3% | |
| Q3 2024 | -2.5% | -3.4% | -7.3% | |
| Q2 2024 | -2.7% | -0.5% | +4.0% | |
| Q1 2024 | -0.1% | -2.0% | -5.3% | |
| Q4 2023 | -0.4% | +3.0% | +7.3% | |
| Q3 2023 | -2.3% | -2.2% | +13.0% | |
| Q2 2023 | +2.4% | +1.8% | -2.6% | |
| Q1 2023 | -4.8% | -2.1% | -5.6% | |
| Q4 2022 | +6.7% | +5.2% | +3.9% | |
| Q3 2022 | +3.4% | +5.6% | +11.2% | |
| Q2 2022 | -2.1% | -1.6% | -2.2% | |
| Q1 2022 | +0.2% | +0.5% | -0.1% | |
| Q4 2021 | +3.1% | -1.0% | -7.5% | |
| Q3 2021 | -3.5% | -3.6% | +3.3% | |
| Q2 2021 | +2.3% | +2.7% | +5.3% | |
| Q1 2021 | -1.6% | +0.5% | -5.1% | |
| Q4 2020 | -2.0% | -0.6% | -0.8% | |
| Q3 2020 | -0.2% | -1.1% | -0.8% | |
| Q2 2020 | +10.5% | +16.0% | +25.2% | |
| Q1 2020 | -0.0% | +11.1% | +10.1% | |
| Q4 2019 | -1.2% | -3.3% | -5.1% | |
| Q3 2019 | +1.1% | -0.1% | -4.9% | |
| Q2 2019 | -0.3% | -3.6% | -0.2% | |
| Q1 2019 | +4.2% | +1.0% | +5.3% | |
| Q4 2018 | +1.6% | +5.1% | +6.3% | |
| Q3 2018 | -3.6% | -3.4% | +6.7% | |
| Q2 2018 | -8.8% | -12.1% | -17.2% | |
| Q1 2018 | +0.6% | +0.9% | -2.5% | |
| Q4 2017 | -8.4% | -10.6% | -16.4% | |
| Q3 2017 | +11.1% | +10.5% | +12.4% | |
| Q2 2017 | +8.9% | +9.5% | +9.7% | |
| Q1 2017 | -3.0% | -3.5% | +7.8% | |
| Q4 2016 | +11.9% | +10.4% | +13.4% | |
| Q3 2016 | -2.4% | -3.8% | -1.3% | |
| Q2 2016 | -1.3% | -1.7% | -4.0% | |
| Q1 2016 | -2.9% | — | — | |
| Q4 2015 | +3.9% | — | — | |
| Q3 2015 | +4.7% | — | — | |
| Q2 2015 | +3.8% | — | — | |
| Q1 2015 | +2.1% | — | — | |
| Q4 2014 | -3.0% | — | — | |
| Q3 2014 | +7.5% | — | — | |
| Q2 2014 | +7.8% | — | — | |
| Q1 2014 | -6.4% | — | — | |
| Q4 2013 | +10.3% | — | — | |
| Q3 2013 | -2.4% | — | — | |
| Q2 2013 | -0.3% | — | — | |
| Q1 2013 | -0.3% | — | — | |
| Q4 2012 | +5.4% | — | — | |
| Q3 2012 | +3.3% | — | — | |
| Q2 2012 | +5.0% | — | — | |
| Q1 2012 | +1.6% | — | — | |
| Q4 2011 | -1.7% | — | — | |
| Q3 2011 | -1.1% | — | — | |
| Q2 2011 | -5.2% | — | — | |
| Q1 2010 | -0.1% | — | — | |
| Q1 2011 | -1.0% | — | — | |
| Q4 2008 | +1.9% | — | — | |
| Q4 2010 | +1.9% | — | — | |
| Q3 2009 | +2.9% | — | — | |
| Q3 2010 | +2.9% | — | — | |
| Q2 2009 | -0.5% | — | — | |
| Q2 2010 | -0.5% | — | — | |
| Q4 2009 | -0.5% | — | — |
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