NVR Q3 Earnings Miss Estimates on Lower Settlements & Margin Pressure - Zacks Investment Research
NVR Q3 Earnings Miss Estimates on Lower Settlements & Margin Pressure - Zacks Investment Research（摘要待生成）
NVR reported Q3 2026 results below consensus
Event: October 22, 2026. NVR reported diluted EPS of $89.45 versus $112.33 a year earlier and revenue of $2.40B versus $2.61B. A market-results report cited consensus EPS of $102.77 and revenue of $2.57B. New orders fell 7% to 4,391; average new-order price fell 5% to $442,100; cancellation rate rose to 21% from 19%. Backlog grew 10% to 10,121 homes.
NVR reports lower Q3 earnings, revenue and homebuilding margins; backlog and mortgage banking income rise
Event: Q3 2026, ended 2026-09-30. Negative: net income fell 27% to $248.6 million and diluted EPS fell 20% to $89.45; revenue was $2.40 billion vs. $2.61 billion. New orders fell 7% to 4,391; cancellation rate rose to 21% from 19%; homebuilding gross margin fell to 18.3% from 21.0%, including $24.8 million in contract-land deposit impairments. Positive: backlog rose 10% to 10,121 homes ($4.59 bill
NVR, 8-K (2.02, 9.01): reported results of operations
NVR reported third-quarter 2026 net income of $248.6 million, or $89.45 per diluted share, down 27% and 20%, respectively, year over year, as revenue fell to $2.40 billion; homebuilding margins declined while mortgage banking pretax income rose 7%.
NVR shares rose after reporting Q3 results
Event: October 22, 2026. Zacks reported NVR shares rose 3.6% during the trading session after results, despite Q3 EPS of $89.45 missing estimates by 15.7%. Its report cited backlog growth, improved mortgage-banking profitability and $237.2M spent repurchasing 37,088 shares as factors accompanying the move.
Bank of America downgraded NVR and cut its target and estimates
Event: October 23, 2026. Bank of America analyst Rafe Jadrosich cut NVR to Underperform from Buy and its target to $5,900 from $6,725; 2026 and 2027 EPS estimates fell 5% and 10%, to $345.39 and $357.42. NVR was down 0.81% at $6,060.96 at publication. The report cited weaker demand, margin pressure and Q3 results; it did not give peer stock moves.
BofA Securities Downgrades NVR, Inc. to Underperform
BofA Securities downgraded NVR, Inc. from "Buy" to "Underperform," setting a price target of $5,900.
NVR Q3 EPS $89.45 Misses $103.73 Estimate, Sales $2.402B Miss $2.579B Estimate
NVR Q3 EPS $89.45 Misses $103.73 Estimate, Sales $2.402B Miss $2.579B Estimate（摘要待生成）