Posted in home improvement loans

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.

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Posted in lowe's home improvement

Q3 2021 Earnings Estimate for Lowe’s Companies, Inc. Issued By Piper Sandler (NYSE:LOW)

Lowe’s Companies, Inc. (NYSE:LOW) – Analysts at Piper Sandler upped their Q3 2021 earnings estimates for Lowe’s Companies in a report released on Monday, October 5th. Piper Sandler analyst P. Keith now anticipates that the home improvement retailer will post earnings of $1.99 per share for the quarter, up from their previous forecast of $1.90. Piper Sandler also issued estimates for Lowe’s Companies’ FY2021 earnings at $8.68 EPS, Q3 2022 earnings at $2.16 EPS and FY2022 earnings at $8.89 EPS.

Lowe’s Companies (NYSE:LOW) last announced its quarterly earnings data on Wednesday, August 19th. The home improvement retailer reported $3.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.95 by $0.80. The firm had revenue of $27.30 billion during the quarter, compared to the consensus estimate of $24.24 billion. Lowe’s Companies had a return on equity of 228.17% and a net margin of 7.12%. The business’s revenue

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Posted in home improvement loans

KB Home (KBH) Q3 Earnings Beat, Margins Rise, Stock Slides

KB Home’s KBH stock slips 1.5% in the after-hours trading session on Sep 22, after it reported third-quarter fiscal 2020 (ended Aug 31, 2020) results. Although both earnings and revenues topped the respective Zacks Consensus Estimate on solid housing gross margin, the company expects its ending community count to remain relatively flat sequentially for the next two quarters.

Earnings & Revenue Discussion

The company reported quarterly earnings of 83 cents per share, which surpassed the consensus estimate of 50 cents by 66%. Also, the metric grew 13.7% from the year-ago figure of 73 cents per share owing to improvement in housing gross margin.

KB Home Price, Consensus and EPS Surprise

KB Home Price, Consensus and EPS Surprise

KB Home price-consensus-eps-surprise-chart | KB Home Quote

Total revenues of $999 million topped the consensus mark of $896 million by 11.6% but fell 13.9% on year-over-year basis due to COVID-19 impacts.

Segment Details

Homebuilding: For the quarter under

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Posted in home improvement loans

KB Home (KBH) CEO Jeff Mezger on Q3 2020 Results – Earnings Call Transcript

KB Home (NYSE:KBH) Q3 2020 Earnings Conference Call September 22, 2020 5:00 PM ET

Company Participants

Jill Peters – SVP, IR

Jeff Mezger – Chairman, President and CEO

Matt Mandino – EVP and COO

Jeff Kaminski – EVP and CFO

Bill Hollinger – SVP and Chief Accounting Officer

Thad Johnson – SVP and Treasurer

Conference Call Participants

Matt Bouley – Barclays

Stephen Kim – Evercore ISI

Alan Ratner – Zelman & Associates

Truman Patterson – Wells Fargo

John Lovallo – Bank of America

Buck Horne – Raymond James

Mike Dahl – RBC Capital Markets

Michael Rehaut – JPMorgan

Jay McCanless – Wedbush

Good afternoon. My name is Devon, and I will be your conference operator today. I would like to welcome everyone to the KB Home 2020 Third Quarter Earnings Conference Call.

At this time, all participants are in a listen-only mode. Following the company’s opening remarks, we will open

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Posted in home improvement loans

Low Rates to Aid KB Home (KBH) Q3 Earnings Amid Coronavirus?

KB Home KBH is slated to report third-quarter fiscal 2020 (ended Aug 31, 2020) results on Sep 22, after market close.

In the last reported quarter, its earnings missed the Zacks Consensus Estimate by 3.5%, after surpassing the same in each of the prior 17 quarters. Revenues also missed the consensus mark in the fiscal second quarter by 14.8%. On a year-over-year basis, its bottom line increased while top line declined on lower deliveries and average selling price (ASP).

Trend in Estimate Revision

For the quarter to be reported, the Zacks Consensus Estimate for earnings has increased 4.3% over the past 60 days to 48 cents per share. The estimate indicates a 34.3% decrease from the year-ago earnings of 73 cents per share. The consensus estimate for revenues is pegged at $895.8 million, suggesting a decline of 22.8% from the prior-year quarter.

KB Home Price and EPS Surprise

KB Home Price and EPS Surprise

KB Home

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Posted in home

Why Is Home Depot (HD) Down 0.4% Since Last Earnings Report?

A month has gone by since the last earnings report for Home Depot (HD). Shares have lost about 0.4% in that time frame, underperforming the S&P 500.

Will the recent negative trend continue leading up to its next earnings release, or is Home Depot due for a breakout? Before we dive into how investors and analysts have reacted as of late, let’s take a quick look at its most recent earnings report in order to get a better handle on the important catalysts.

Home Depot Q2 Earnings & Sales Top Estimates

Home Depot has posted second-quarter fiscal 2020 results, wherein earnings and sales beat the Zacks Consensus Estimate and improved year over year. The company has benefited from increased investments across the business, which allowed it to respond quickly to changing customer preference during the coronavirus pandemic. Further, it expects momentum in its One Home Depot investment strategy to help

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Posted in lowe's home improvement

Lowe’s Reports Earnings Today. Here’s What to Expect.

Text size

The company has been one of the winners during the pandemic.


Bruce Bennett/Getty Images


Lowe’s

has seen big gains in 2020, but it has a high bar to cross when it reports second-quarter earnings on Wednesday.

Lowe’s shares (ticker: LOW) are up nearly 33% year to date, compared with 30.5% for

Home Depot

(HD), and less than 5% for the

S&P 500.

Yet with those big gains come big expectations, especially after Home Depot reported a pretty robust quarter on Tuesday.

That isn’t to say that Lowe’s isn’t up to the task. The company has been one of the winners during the pandemic, as people spend more time at home and those that haven’t been financially hurt are redirecting their spending toward home improvement and furnishings. It has also been slowly working to close the operational gap with Home Depot, a trend some are hoping is getting a

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Posted in home improvement loans

Will Low Mortgage Rates Aid Lennar’s (LEN) Q3 Earnings?

Lennar Corporation LEN is slated to report results for third-quarter fiscal 2020 (ended Aug 31) after the closing bell on Sep 14.

In the last reported quarter, the company’s earnings topped the Zacks Consensus Estimate by 27.9% but revenues missed the same by 0.03%. Notably, this Miami-based homebuilder surpassed earnings expectations in nine of the trailing 10 quarters.

On a year-over-year basis, earnings grew 27%. The results mainly benefited from effective cost control and focus on making its homebuilding platform more efficient, which in turn resulted in higher operating leverage. However, revenues decreased 5% due to lower average sales price or ASP of homes delivered.

Lennar Corporation Price and EPS Surprise

Lennar Corporation Price and EPS Surprise

Lennar Corporation price-eps-surprise | Lennar Corporation Quote

Trend in Estimate Revision

For the quarter to be reported, the Zacks Consensus Estimate for earnings per share has been unchanged at $1.51 over the past 60 days. The estimated figure indicates

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Posted in lowe's home improvement

Lowe’s (LOW) Q2 2020 earnings blow out estimates

Lowe’s said customers bought supplies for DIY projects, kicked off renovations and stepped up their landscaping as they skipped dining out and scaled back summer trips during the coronavirus pandemic.

That translated to huge gains for the home improvement retailer, allowing it to blow past Wall Street forecasts with a 30% surge in revenue and 68.7% jump in profit during the fiscal second quarter.

Shares of the company were up less than 1% Wednesday afternoon. They reached a 52-week high of $162.89 earlier in the day.

Lowe’s CEO Marvin Ellison said the retailer benefited from “a wallet share shift away from vacations, away from dining out, away from apparel purchases.”

“People are taking those dollars and they’re investing in their home,” he said in an interview with CNBC. “We’ve got tons of anecdotal information where someone was planning to take a vacation and now they’ve decided to remodel the kitchen,

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Posted in lowe's home improvement

Lowe’s Earnings: 3 Trends to Watch

Investors have pushed Lowe’s (NYSE:LOW) stock returns well above the broader market this year, which is no shock given that consumer spending has surged in its home improvement retailing niche. But the chain has even outpaced its bigger rival Home Depot (NYSE:HD) in 2020, mainly thanks to its double-digit revenue spike in the pandemic-influenced first quarter.

Lowe’s will reveal in its earnings report on Wednesday, Aug. 19, whether those market share gains continued into the second quarter. Investors will also be focused on management’s outlook for the second half of the year, which could be cautious due to recessionary selling conditions.

With that bigger picture in mind, let’s look at three trends to follow in Lowe’s report next week.

Inside a home improvement store.

Image source: Getty Images.

1. A sales checkup

Lowe’s and Home Depot both remained open through the temporary shutdowns in the retailing industry in March, April, and May. Combine that factor

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