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Hovnanian misses Q3 revenue and EPS estimates but beats gross margin guidance amid housing market challenges.

Company Fundamentals
20 Aug 2026
Gordon Thompson
View Source
Bearish
pluang ai news

Hovnanian Enterprises reported Q3 revenue of $705.75 million and an EPS of -$0.70, both below analyst expectations due to delivery delays and weak joint venture income. Despite the earnings miss, the company exceeded its adjusted gross margin guidance at 14.6% and saw a 5% increase in its domestic backlog year-over-year. The low price-to-sales ratio of 0.21 may attract investors looking for value amid a tough housing market impacted by high interest rates and cautious buyers. The results highlight operational resilience but also ongoing challenges in the housing sector.

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