earnings

Will Lower Mortgage Rates Aid NVR to Post Higher Q3 Earnings?

NVR, Inc.’s NVR third-quarter 2020 earnings and revenues are expected to have registered an improvement on a year-over-year basis.

In the last reported quarter, the company’s earnings and revenues missed the Zacks Consensus Estimate by 5.3% and 3.5%, respectively. On a year-over-year basis, earnings and revenues decreased 19.9% and 10%, respectively, as the COVID-19 outbreak had a significant impact on all facets of its busines.

Nonetheless, the company has a strong earnings surprise history, having surpassed analysts’ expectations in 12 of the trailing 14 quarters.

Trend in Estimate Revision

For the quarter to be reported, the Zacks Consensus Estimate for earnings per share has increased 1.3% to $62.01 over the past seven days. The estimated figure indicates an increase of 10.5% from the year-ago quarter. The consensus mark for revenues is pegged at $2 billion, suggesting a 7% increase from the year-ago reported figure of $1.87 billion.

NVR, Inc. Price and EPS Surprise

NVR, Inc. Price and EPS Surprise

NVR, Inc. price-eps-surprise | NVR, Inc. Quote

Key Factors to Note

NVR’s third-quarter Homebuilding revenues (accounting for 97.7% of total revenues) are expected to have increased from the year-ago level, buoyed by strong housing market fundamentals backed by lower borrowing costs.

The improved sales trends can be attributed to solid monthly housing sales data. Markedly, pending home sales, new home sales and existing home sales rose 8.8%, 4.8% and 2.4% in August. Robust fundamentals of the U.S. housing industry have been a boon for NVR and other homebuilding stocks like D.R. Horton DHI, PulteGroup PHM, Meritage Homes Corporation MTH, as well as others. Recently, Meritage Homes announced in September that it has been experiencing unprecedented demand for homes, as is evident from 73% year-over-year growth in total orders for the July-August period. Importantly, the momentum continued in September as

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LGI Homes Reports Record-Breaking September and Third Quarter 2020 Home Closings and Announces Plans to Host Third Quarter 2020 Earnings Call

THE WOODLANDS, Texas, Oct. 05, 2020 (GLOBE NEWSWIRE) — LGI Homes, Inc. (NASDAQ: LGIH) today announced 811 home closings in September 2020, up from 654 home closings in September 2019, representing year-over-year growth of 24.0%. In addition, the Company announced record-breaking quarterly home closings of 2,091 during the third quarter of 2020 compared to 2,003 home closings in the third quarter of 2019, a 4.4% increase year-over-year. The Company finished the first nine months of 2020 with a total of 5,931 home closings, a 14.6% increase over 5,175 home closings during the first nine months of 2019.

As of the end of September 2020, the Company had 110 active selling communities.

The Company expects to release financial results for the third quarter ended September 30, 2020 before the market opens on Tuesday, November 3, 2020. The Company expects to hold a conference call for investors and other interested parties on Tuesday, November 3, 2020 at 12:30 p.m. Eastern Time to discuss the results and will provide additional guidance at that time.

A link to the live audio webcast will be provided through the Investors section of the Company’s website at www.LGIHomes.com under Events and Presentations. The call can also be accessed by dialing (855) 433-0929 for domestic participants or (970) 315-0256 for international participants. Participants should ask for the LGI Homes 2020 Third Quarter Earnings Conference Call or reference Conference ID 7865812. Those dialing in should do so at least ten minutes prior to the start of the call.

An archive of the webcast will be available for replay on the Company’s website for 12 months.

About LGI Homes, Inc.

Headquartered in The Woodlands, Texas, LGI Homes, Inc. engages in the design, construction and sale of homes in Texas, Arizona, Florida,

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Bed Bath & Beyond Inc. (BBBY) CEO Mark Tritton on Q2 2020 Results – Earnings Call Transcript

Bed Bath & Beyond Inc. (NASDAQ:BBBY) Q2 2020 Earnings Conference Call October 1, 2020 8:00 AM ET

Company Participants

Janet Barth – VP, IR

Mark Tritton – President & CEO

Gustavo Arnal – CFO & Treasurer

John Hartmann – COO and President, buybuy BABY

Cindy Davis – Chief Brand Officer and President of Decorist

Conference Call Participants

Peter Benedict – Baird

Steven Forbes – Guggenheim Securities

Brad Thomas – KeyBanc Capital Markets

Michael Lasser – UBS

Simeon Gutman – Morgan Stanley

Kate McShane – Goldman Sachs

Bobby Griffin – Raymond James

Christopher Horvers – JPMorgan

Curt Nagle – Bank of America

Seth Basham – Wedbush Securities

Operator

Welcome to the Bed Bath & Beyond’s Fiscal 2020 Second Quarter Earnings Call. All participants will be in a listen-only mode until the QA portion of the call. Today’s conference call is being recorded. The rebroadcast of the conference call will be available via webcast found on the company’s Investor Relations website.

At this time, I would now like to turn the conference over to Janet Barth, Vice President of Investor Relations. Please, go ahead.

Janet Barth

Thank you, and good morning, everyone. Welcome to our fiscal 2020 second quarter earnings call. On the call with us today is President and CEO, Mark Tritton; Chief Financial Officer and Treasurer, Gustavo Arnal; Chief Operating Officer and President of buybuy BABY, John Hartmann; and Chief Brand Officer and President of Decorist, Cindy Davis.

Before we begin, let me remind you that our fiscal 2020 second quarter earnings release and slide presentation can be found in the Investor Relations section of our website at www.bedbathandbeyond.com and as exhibits to the Form 8-K we just filed ahead of this call.

This conference call and the slides we refer to may contain forward-looking statements, including statements about or

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