Hovnanian (HOV) Surpasses Q4 Earnings and Revenue Estimates

Hovnanian (HOV) came out with quarterly earnings of 5.96pershare,beatingtheZacksConsensusEstimateof5.96 per share, beating the Zacks Consensus Estimate of 0.63 per share. This compares to earnings of 12.79pershareayearago.Thesefiguresareadjustedfornonrecurringitems.Thisquarterlyreportrepresentsanearningssurpriseof+846.0312.79 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of +846.03%. A quarter ago, it was expected that this homebuilder would post earnings of 3.51 per share when it actually produced earnings of $1.99, delivering a surprise of -43.3%.Over the last four quarters, the company ...