NVR Meets on Revenues, Misses on EPS
NVR (NYS: NVR) reported earnings on April 19. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q1), NVR met expectations on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue expanded significantly and GAAP earnings per share improved significantly.
Gross margins shrank, operating margins grew, net margins improved.
NVR recorded revenue of $600.5 million. The 10 analysts polled by S&P Capital IQ predicted net sales of $604.2 million on the same basis. GAAP reported sales were 17% higher than the prior-year quarter's $517.1 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $3.90. The 11 earnings estimates compiled by S&P Capital IQ anticipated $4.20 per share. GAAP EPS of $3.90 for Q1 were 55% higher than the prior-year quarter's $2.52 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 17.1%, 70 basis points worse than the prior-year quarter. Operating margin was 5.2%, 40 basis points better than the prior-year quarter. Net margin was 3.3%, 40 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $831.2 million. On the bottom line, the average EPS estimate is $9.36.
Next year's average estimate for revenue is $3.13 billion. The average EPS estimate is $33.72.
The stock has a one-star rating (out of five) at Motley Fool CAPS, with 248 members out of 527 rating the stock outperform, and 279 members rating it underperform. Among 202 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 84 give NVR a green thumbs-up, and 118 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on NVR is hold, with an average price target of $754.29.
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At the time this article was published Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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