---
title: "Homebuilder Hovnanian Enterprises Q3 revenue rises 10.8% on strong home sales growth"
description: "Hovnanian Enterprises reported a 10.8% increase in Q3 revenue, reaching $800.6 million, although net income fell to $16.6 million from $72.9 million a year prior. The company anticipates Q4 revenue be"
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/254013622.md"
published_at: "2025-08-21T13:30:08.000Z"
---

# Homebuilder Hovnanian Enterprises Q3 revenue rises 10.8% on strong home sales growth

> Hovnanian Enterprises reported a 10.8% increase in Q3 revenue, reaching $800.6 million, although net income fell to $16.6 million from $72.9 million a year prior. The company anticipates Q4 revenue between $750 million and $850 million, with adjusted homebuilding gross margins projected at 15%-16.5%. Despite a rise in total contracts, gross margin percentage declined to 11.7% due to increased land charges. Analysts maintain a 'hold' rating, with a 12-month price target of $120.00, reflecting a 24.1% decrease from the recent closing price.

Overview

-   Hovnanian Q3 fiscal revenue rises 10.8% to $800.6 mln, meeting estimates
-   Net income for fiscal Q3 falls to $16.6 mln from $72.9 mln a year ago
-   86% of total lots are optioned, highest percentage ever achieved

Outlook

-   Company expects Q4 revenue between $750 mln and $850 mln
-   Hovnanian sees Q4 adjusted homebuilding gross margin at 15%-16.5%
-   Company anticipates Q4 adjusted EBITDA between $77 mln and $87 mln
-   Hovnanian projects Q4 adjusted income before taxes of $45 mln-$55 mln

Result Drivers

-   REVENUE INCREASE - Total revenues rose 10.8% to $800.6 mln in Q3, driven by a 9.3% increase in domestic unconsolidated joint ventures' home sales revenues to $165.0 mln
-   GROSS MARGIN DECLINE - Homebuilding gross margin percentage, after cost of sales interest expense and land charges, decreased to 11.7% from 19.1% a year ago, with a noted increase in land charges from 0.1% to 2.1%
-   CONTRACTS GROWTH - Consolidated contracts in Q3 increased 1.6% to 1,211 homes, while contracts including domestic unconsolidated joint ventures rose 1.4% to 1,416 homes

Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Revenue

Miss

$800.58 mln

$801.20 mln (1 Analyst)

Q3 EPS

$2.14

Q3 Net Income

$16.62 mln

Q3 Pretax Profit

$23.80 mln

Analyst Coverage

-   The one available analyst rating on the shares is "hold"
-   The average consensus recommendation for the homebuilding peer group is "hold"
-   Wall Street's median 12-month price target for Hovnanian Enterprises Inc is $120.00, about 24.1% below its August 20 closing price of $148.95

Press Release:

### Related Stocks

- [HOV.US - Hovnanian Enterprises](https://longbridge.com/en/quote/HOV.US.md)

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> **Disclaimer**: This article is for reference only and does not constitute any investment advice.