Hovnanian Enterprises, Inc. (HOV)
NYSEConsumer DiscretionaryResidential ConstructionSnapshot 2026-11-05
$104.83-5.17%
Close 2026-11-05 · 1-day change
NYSEConsumer DiscretionaryResidential ConstructionSnapshot 2026-11-05
QuarterlyIQ Insights · HOV
How strong the business is — where it ranks within its sector on capital efficiency and cash generation, and how well management has been executing.
How management runs the business: capital, margins, balance sheet, and how reliably they guide and deliver.
A guidance track record builds as the company issues and delivers on guidance.
Priorities management has stated in recent disclosures, with status and evidence drawn from earnings calls, filings, and press releases.
For the fourth quarter of fiscal 2026, total revenues are expected to be between $800 million and $900 million, adjusted homebuilding gross margin is expected to be between 15.0% and 16.5%, adjusted…
Stated in 2 of 2 supplied quarters. Management reported: “For the fourth quarter of fiscal 2026, total revenues are expected to be between $800 million and $900 million, adjusted homebuilding gross margin is expected to be between 15.0% and 16.5%, adjusted income before income taxes is expected to be between $15 million and $30 million and adjusted EBITDA is expected to be between $50 million and $65 million.” “For the third quarter of fiscal 2026, total revenues are expected to be between $650 million and $750 million, adjusted homebuilding gross margin is expected to be between 14.0% and 15.0%, adjusted income before income taxes is expected to be between breakeven and $10 million and adjusted EBITDA is expected to be between $30 million and $40 million.”
Each factor is a parallel diagnostic with a clear read of what it shows and how names like it have historically fared. Never aggregated into a single score.
Operating income rose in 1 of the last 3 quarter-over-quarter moves. Historically, Consumer Discretionary names rated neutral grew net income 45% of the time over the next year (vs 59% for the rest of the cohort, n=6999).
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
“For the fourth quarter of fiscal 2026, total revenues are expected to be between $800 million and $900 million, adjusted homebuilding gross margin is expected to be between 15.0% and 16.5%, adjusted…”
“However, if current housing conditions continue, we expect a significant step-up in our fourth quarter performance, particularly in volume and gross margins, driven by deliveries from newer communiti…”
Continuing our land-light strategic focus, 87% of our lots were optioned at the end of the third quarter of fiscal 2026, which is the highest percentage of option lots in our Company’s history.
Stated in 2 of 2 supplied quarters. Management reported: “Continuing our land-light strategic focus, 87% of our lots were optioned at the end of the third quarter of fiscal 2026, which is the highest percentage of option lots in our Company’s history.” “Continuing our land-light strategic focus, 86% of our lots were optioned at the end of the second quarter of fiscal 2026.”
“Continuing our land-light strategic focus, 87% of our lots were optioned at the end of the third quarter of fiscal 2026, which is the highest percentage of option lots in our Company’s history.”
“Continuing our land-light strategic focus, 86% of our lots were optioned at the end of the second quarter of fiscal 2026.”
Total liquidity as of July 31, 2026, was $379.8 million, which was significantly above our target liquidity range of $170 million to $245 million.
Stated in 2 of 2 supplied quarters. Management reported: “ Total liquidity as of July 31, 2026, was $379.8 million, which was significantly above our target liquidity range of $170 million to $245 million.” “ Total liquidity as of April 30, 2026, was $442.0 million, which was significantly above our target liquidity range of $170 million to $245 million.”
“ Total liquidity as of July 31, 2026, was $379.8 million, which was significantly above our target liquidity range of $170 million to $245 million.”
“ Total liquidity as of April 30, 2026, was $442.0 million, which was significantly above our target liquidity range of $170 million to $245 million.”
For the second quarter in a row, gross margins, on both a GAAP and non-GAAP basis, improved sequentially in the third quarter as margins rebounded from the first ‑ quarter trough.
Stated in 2 of 2 supplied quarters. Management reported: “For the second quarter in a row, gross margins, on both a GAAP and non-GAAP basis, improved sequentially in the third quarter as margins rebounded from the first ‑ quarter trough.” “Gross margins on both a GAAP and non-GAAP basis improved sequentially in the second quarter as margins rebounded from the first quarter trough.”
“For the second quarter in a row, gross margins, on both a GAAP and non-GAAP basis, improved sequentially in the third quarter as margins rebounded from the first ‑ quarter trough.”
“Gross margins on both a GAAP and non-GAAP basis improved sequentially in the second quarter as margins rebounded from the first quarter trough.”
Target total revenues in the fourth quarter of fiscal 2026 within the range of $800 million to $900 million.
Over the trailing year it converted 0.82x of net income into operating cash flow. Historically, Consumer Discretionary names rated fragile grew net income 40% of the time over the next year (vs 53% for the rest of the cohort, n=3629).
Most sensitive to the broad stock market and long-term interest rates.
Not enough signal to read sensitivity to the US dollar, Fed net liquidity (low R² over the window).
9 material management or governance events in the past 24 months, led by capital-allocation actions. Historically, Consumer Discretionary names rated stable grew net income 53% of the time over the next year (vs 54% for the rest of the cohort, n=4907).
Not investment advice. As of 2026-11-05.