Hovnanian Enterprises (HOV) News Today

Hovnanian Enterprises (NYSE:HOV) shares have retreated after the company’s fiscal Q3 report missed earnings estimates, though some operational metrics showed resilience.

• Positive Sentiment: Revenue grew 10.8% year-over-year to $800.6 million, and Hovnanian met or exceeded all of its guidance metrics for the quarter—highlighted by the highest lot-option percentage ever at 86%. Quiver Quant Press Release
• Neutral Sentiment: Wedbush reaffirmed its “Neutral” rating and $120 price target ahead of the release, while HOV earned an 86 Relative Strength rating, suggesting improved market leadership. Wedbush Neutral Rating
• Negative Sentiment: Q3 EPS of $1.99 missed the $3.51 consensus and plunged from $9.75 a year ago, driven by homebuilding gross margins falling from 19.1% to 11.7%. Zacks Earnings Miss MarketWatch Q3 Profit Sinks
• Negative Sentiment: The value of consolidated backlog dropped 27.6% year-over-year to $838.8 million as cancellation rates rose, clouding future revenue visibility. Press Release Q3 Results
• Negative Sentiment: For Q4 2025, HOV issued revenue guidance of $750 million–$850 million, versus a consensus of roughly $803 million, indicating a cautious outlook.