NVR

Track your investments for FREE with Simply Wall St, the portfolio command center trusted by over 7 million individual investors worldwide. NVR (NVR) recently authorized a new share repurchase program of up to US$750 million alongside a fiscal first quarter 2026 update that showed earnings and homebuilding revenue under pressure. For you as a shareholder or potential buyer, that mix of weaker reported results and a sizeable, open ended buyback raises practical questions about how management is allocating capital and what it might mean for per share metrics over time. See our latest analysis for NVR. After the weaker first quarter and new US$750 million buyback plan, NVR’s share price has been volatile, with a 7 day share price return of 8.51% but a year to date share price return down 17.06%. The 5 year total shareholder return of 23.53% points to a more tempered long run outcome. If you want to see what else is moving as housing and construction sentiment shifts, it could be worth scanning 20 top founder-led companies With earnings under pressure, a new US$750 million buyback in place, and the stock down over the past year, is NVR quietly undervalued today, or has the market already priced in any future growth? Esteban’s widely followed narrative pegs NVR’s fair value at $4,750.91, which sits well below the recent $6,036.99 close, setting up a clear valuation gap. Read the complete narrative. Want to see how high returns on invested capital, share count reductions, and funding choices feed into that fair value? The full narrative lays out the numbers and the logic behind them. Result: Fair Value of $4,750.91 (OVERVALUED) Have a read of the narrative in full and understand what's behind the forecasts. However, you also have to weigh risks such as a prolonged housing slowdown or tighter credit, which could pressure NVR’s lot option model and buyback flexibility. Find out about the key risks to this NVR narrative. Esteban’s narrative points to NVR being 27.1% overvalued versus a $4,750.91 fair value, but the market’s own P/E picture is more mixed. At 13.2x earnings, the stock trades slightly below peers at 13.9x, yet above the US Consumer Durables average of 11.4x, while the fair ratio sits higher at 18.6x. That gap could either signal room for the multiple to move or simply mark a premium that investors are no longer willing to pay. Which side do you think th...

It has been about a month since the last earnings report for NVR (NVR). Shares have lost about 9.3% in that time frame, underperforming the S&P 500. Will the recent negative trend continue leading up to its next earnings release, or is NVR 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 drivers. NVR reported first-quarter fiscal 2026 results, with earnings and Homebuilding revenues missing the Zacks Consensus Estimate. Both earnings and Homebuilding revenues also declined on a year-over-year basis.The first-quarter results reflect a period of resilient demand tempered by significant operational and cost-related headwinds. On the positive side, the company saw a healthy uptick in new orders and a favorable decrease in cancellation rates, suggesting sustained buyer interest.However, these gains were largely offset by a lower opening backlog, which constrained settlement volumes and drove a significant decline in homebuilding revenues. Profitability in the segment was further impacted by continued pricing pressure and elevated lot costs, leading to margin compression. Performance was also weighed down by lower loan production and a reduced capture rate within the mortgage banking segment, alongside broader industry obstacles. Earnings were $67.76 per share, down 29% from $94.83 a year ago and missing the Zacks Consensus Estimate of $78.25 by 13.4%.Homebuilding revenues of $1.83 billion also missed the consensus mark of $1.99 billion by 7.9%. Consolidated revenues (Homebuilding & Mortgage Banking fees combined) amounted to $1.88 billion, down 22% on a year-over-year basis. Results reflected a sharp decline in homebuilding settlements, partially offset by stronger order activity and a lower cancellation rate.Segment Details of NVR Homebuilding remained the central swing factor. Segment revenues decreased 22% year over year due to settlements declining 21.8% to 4,015 units from 5,133 units in the prior-year quarter. Management attributed the decline largely to a 15% lower backlog entering the quarter versus the comparable period last year. Our model predicted settlements to decline 12.6% year over year to 4,488 units. The average selling price (ASP) for settlements remained flat year over year at $457,000. Our esti...

Toll Brothers, Inc. TOL is scheduled to report its second-quarter fiscal 2026 (ended April 30, 2026) results on May 19, after market close. The quarter is likely to reflect demand trends in the luxury housing market, pricing power, margins and the company’s ability to manage incentives in a still-challenging affordability environment. In the last reported quarter, the company’s adjusted earnings and revenues beat the Zacks Consensus Estimate by 6.8% and 16.4%, respectively. The top and bottom lines also increased on a year-over-year basis by 15.4% and 25.1%, respectively. TOL’s earnings surpassed estimates in three of the trailing four quarters and missed on one occasion, with an average surprise of 6.8%. The Zacks Consensus Estimate for fiscal second-quarter earnings per share (EPS) has remained unchanged at $2.57 in the past 60 days. The estimate indicates 26.6% year-over-year decline. The consensus estimate for total revenues is pegged at $2.41 billion, indicating a 12.1% year-over-year decline. Toll Brothers Inc. price-eps-surprise | Toll Brothers Inc. Quote Toll Brothers’ fiscal second-quarter revenues are expected to have benefited from resilient luxury housing demand, healthy pricing and higher community count. Management projected fiscal second-quarter deliveries in the range of 2,400-2,500 homes, which indicates a year-over-year decline from 2,899 homes delivered in the prior-year quarter. However, the company guided the average delivered price between $975,000 and $985,000, reflecting growth from $933,700 reported in the year-ago quarter. Our model predicts home deliveries to be down 15.4% year over year to 2,453 units. We expect the average selling price of the delivered units to be up 4.5% year over year to $975,900 in the fiscal second quarter. The company entered the quarter with improved sales momentum. Management noted that web traffic, foot traffic and deposits improved modestly year over year beginning in mid-January, supported by the spring selling season. Toll Brothers’ affluent customer base likely continued to support demand despite elevated mortgage rates and affordability pressures across the broader housing market. Approximately 24% of first-quarter buyers paid all cash, while mortgage buyers maintained low leverage levels. Strength in the luxury move-up segment and continued momentum in the North and Pacific regions are also likely...

Make better investment decisions with Simply Wall St's easy, visual tools that give you a competitive edge. NVR (NVR) is back in focus after a mix of weaker sector sentiment and softer company results weighed on the stock. Rising Treasury yields and mortgage rates, linked to renewed Middle East tensions and higher oil prices, have added pressure across homebuilders. For NVR specifically, recent quarterly numbers showed a 22% decline in Q1 2026 revenue and a 34% drop in net income, even as new home orders grew 7% and liquidity remained strong at US$1.73b in cash and equivalents with no borrowings on credit lines. See our latest analysis for NVR. NVR’s share price performance has shifted in recent months, with a 30 day share price return of 9.17% and a 90 day share price return of a 24.18% decline. The 1 year total shareholder return of a 14.03% decline contrasts with a 5 year total shareholder return of 28.43%. This suggests that recent momentum has differed from the longer term compounding. If recent sector volatility has you reassessing housing exposure, it can help to look across other themes and compare risk and return profiles using the 19 top founder-led companies With revenue and net income under pressure, yet new orders, liquidity and analyst price targets telling a more supportive story, is NVR’s recent share price slump setting up a buying opportunity or is the market already pricing in future growth? According to Esteban, the most followed narrative values NVR at $4,750.91 using a discount rate of 8.56%, compared with a last close of $6,099.80. Read the complete narrative. Curious how a homebuilder gets treated like a compounder with tech style returns on capital? The narrative leans heavily on long run cash generation, disciplined reinvestment, and a specific view on future margins and earnings power that backs into that $4,750.91 figure. Result: Fair Value of $4,750.91 (OVERVALUED) Have a read of the narrative in full and understand what's behind the forecasts. However, softer recent returns and the risk that peers further adopt similar lot option models could pressure NVR’s premium and challenge the compounder narrative. Find out about the key risks to this NVR narrative. With sentiment clearly split between risk and reward, now is a good time to look through the data yourself and stress test the thesis. To see both sides laid out in one place,...

NVR, Inc. (NYSE:NVR) is one of the 10 Best Housing Stocks to Buy in 2026. On April 22, 2026, Reuters reported that NVR, Inc. (NYSE:NVR) reduced profit and revenue in the first quarter of 2026 because of the rising costs and economic uncertainties that weighed on demand. Shares tumbled 6% in morning trading. The corporation also noted that overall settlements fell 22% year on year to 4,015 units, citing a smaller backlog entering the quarter. The firm reported a homebuilding gross margin of 19.6%, which was down from 21.9%. This was because of pricing pressure and higher lot costs. NVR, Inc. (NYSE:NVR) pointed out that the average sales price of new orders fell 2% to $440,100 in the quarter ended March 31. As per the LSEG data, it reported consolidated revenue of $1.88 billion, a 22% decrease, despite exceeding analysts’ expectations of $1.84 billion. The firm’s quarterly profit dropped 29% to $67.76 per share. NVR, Inc. (NYSE:NVR) is a construction firm. It also sells single-family detached homes, townhomes, and condominium buildings. It operates in four geographical segments: the Mid Atlantic, the Northeast, the Middle East, and the Southeast. While we acknowledge the potential of NVR as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 33 Stocks That Should Double in 3 Years and Cathie Wood 2026 Portfolio: 10 Best Stocks to Buy. Disclosure: None. Follow Insider Monkey on Google News.

Homebuilding funds like the SPDR S&P Homebuilders ETF have seen very weak performance for well more than year. In the latest round of homebuilder earnings, D.R. Horton impressed, beating estimates on EPS and seeing a solid order increase. Pulte and NVR saw sales and EPS take big hits, but analysts are eyeing meaningful recoveries in these names. Interested in D.R. Horton, Inc.? Here are five stocks we like better. Homebuilders have been going through a rough patch as of late. Across top homebuilding stocks, analysts expected revenues and earnings to fall considerably in Q1 2026, and this is exactly what happened. For over a year, stocks in this industry have been range-bound. The SPDR S&P Homebuilders ETF (NYSEARCA: XHB) is a commonly used proxy for this industry, tracking the performance of over 30 homebuilders or housing-related stocks. The fund has delivered an approximate total return of just 5% since the start of 2025. With interest rates still relatively high and housing affordability low, stocks in this space have struggled to gain much momentum. → Pipelines and Automation: 2 Energy Plays Built for Any Oil Price Three of the top U.S. homebuilders just reported earnings; here’s how they stacked up and what it signals about the industry going forward. Pulte Group (NYSE: PHM) is one of the more diversified U.S. homebuilders targeting a balanced mix of market segments. In Q1, 38% of the company’s sales came from first-time buyers, while “move-up” buyers accounted for 39%. Its “active adult” buyer group, which includes sales in 55+ communities, accounted for 23% of sales. → 3 Stocks Poised to Grow on European Rearmament Spending Pulte saw its sales fall by 12% year over year (YOY) to $3.41 billion, essentially in line with estimates. The significant decline came even as the company offered much greater incentives to home buyers. This led to a substantial 310 basis point compression in gross home sales margin. → Homebuilder Earnings: D.R. Horton Sticks Out as Pulte & NVR Sales Tank In turn, adjusted earnings per share (EPS) tanked by just over 30% to $1.79, 1 cent short of estimates. The company’s new orders grew moderately by 3% YOY, similar to the 4% increase seen in Q4 2025, but Pulte did not change its guidance for the full year. Still, Pulte saw a modest 2.4% gain after its report, indicating that the results were better than some investors had feared....

NVR, Inc. NVR reported first-quarter fiscal 2026 results, with earnings and Homebuilding revenues missing the Zacks Consensus Estimate. Both earnings and Homebuilding revenues also declined on a year-over-year basis. The first-quarter results reflect a period of resilient demand tempered by significant operational and cost-related headwinds. On the positive side, the company saw a healthy uptick in new orders and a favorable decrease in cancellation rates, suggesting sustained buyer interest. However, these gains were largely offset by a lower opening backlog, which constrained settlement volumes and drove a significant decline in homebuilding revenues. Profitability in the segment was further impacted by continued pricing pressure and elevated lot costs, leading to margin compression. Performance was also weighed down by lower loan production and a reduced capture rate within the mortgage banking segment, alongside broader industry obstacles. Following the results, NVR stock declined 4.7% during yesterday’s trading hours. Diluted earnings were $67.76 per share, down 29% from $94.83 a year ago and missing the Zacks Consensus Estimate of $78.25 by 13.4%. NVR, Inc. price-consensus-eps-surprise-chart | NVR, Inc. Quote Homebuilding revenues of $1.83 billion also missed the consensus mark of $1.99 billion by 7.9%. Consolidated revenues (Homebuilding & Mortgage Banking fees combined) amounted to $1.88 billion, down 22% on a year-over-year basis. Results reflected a sharp decline in homebuilding settlements, partially offset by stronger order activity and a lower cancellation rate. Segment Details of NVR Homebuilding remained the central swing factor. Segment revenues decreased 22% year over year due to settlements declining 21.8% to 4,015 units from 5,133 units in the prior-year quarter. Management attributed the decline largely to a 15% lower backlog entering the quarter versus the comparable period last year. Our model predicted settlements to decline 12.6% year over year to 4,488 units. The average selling price (ASP) for settlements remained flat year over year at $457,000. Our estimate for the metric was $450,800. Margin performance also tightened. Homebuilding gross profit margin fell to 19.6% from 21.9% a year ago, pressured by continued pricing pressure and higher lot costs. Our estimate for the metric was 18.9%. As a result, homebuilding income fell to $2...

NVR (NVR) came out with quarterly earnings of $67.76 per share, missing the Zacks Consensus Estimate of $78.25 per share. This compares to earnings of $94.83 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -13.41%. A quarter ago, it was expected that this homebuilder would post earnings of $104.96 per share when it actually produced earnings of $121.54, delivering a surprise of +15.8%. Over the last four quarters, the company has surpassed consensus EPS estimates three times. NVR, which belongs to the Zacks Building Products - Home Builders industry, posted revenues of $1.83 billion for the quarter ended March 2026, missing the Zacks Consensus Estimate by 7.93%. This compares to year-ago revenues of $2.35 billion. The company has topped consensus revenue estimates three times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. NVR shares have lost about 4.9% since the beginning of the year versus the S&P 500's gain of 3.2%. While NVR has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for NVR was unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #4 (Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be...

Several key US homebuilders' earnings this year are likely to take a hit, as the economic fallout fr

It has been about a month since the last earnings report for NVR (NVR). Shares have lost about 2.5% in that time frame, underperforming the S&P 500. Will the recent negative trend continue leading up to its next earnings release, or is NVR due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers. NVR reported better-than-expected fourth-quarter 2025 results, with earnings and Homebuilding revenues surpassing the Zacks Consensus Estimate. Conversely, both earnings and Homebuilding revenues declined on a year-over-year basis. The quarter’s performance highlights continued softness in the housing market, with affordability challenges persisting amid macroeconomic uncertainty and inflationary pressures. The Homebuilding segment saw a year-over-year decline in settlements, while average selling prices were up compared with the prior-year quarter. Backlog units fell year over year, indicating continued caution among homebuyers, but the slight improvement in net new orders advocates optimism. The company reported earnings of $121.54 per share, topping the Zacks Consensus Estimate of $104.96 by 15.8%. Contrarily, the reported figure decreased 13% from the prior-year quarter’s earnings of $139.93 per share. Homebuilding revenues of $2.635 billion also surpassed the consensus mark of $2.375 billion by 12%. Consolidated revenues (Homebuilding & Mortgage Banking fees combined) amounted to $2.713 billion, down 4.7% on a year-over-year basis. Homebuilding: Segment revenues declined 5.2% year over year. Settlements in the quarter were down 8.3% year over year to 5,668 units. Our model predicted settlements to decline 18% year over year to 5,067 units. The ASP for settlements increased year over year by 3.3% to $464,900. Our estimate for the metric was $461,200. The gross margin contracted 320 basis points year over year to 20.4%. Our estimate for the metric was 21.1%. The decline primarily reflects higher lot costs, pricing pressure stemming from ongoing affordability challenges and contract land deposit impairments totaling approximately $35.7 million. New orders improved 3.3% from the prior-year quarter’s level to 4,951 units. However, the ASP of new orders decreased 3.2% year over year at $454,200. Our model predicted the...

Toll Brothers, Inc. TOL is scheduled to report its first-quarter fiscal 2026 results on Feb. 17, after market close. In the last reported quarter, the company’s adjusted earnings missed the Zacks Consensus Estimate by 5.9% and declined 1.1% year over year. Conversely, the total revenues topped the consensus mark by 3% and increased 2.7% from the prior year. TOL’s earnings surpassed estimates in two of the trailing four quarters and missed on the remaining two occasions, with an average surprise of 2.1%. The Zacks Consensus Estimate for fiscal first-quarter earnings per share (EPS) has moved north to $2.05 from $1.93 in the past 60 days. The revised estimate indicates 17.1% year-over-year growth. The consensus estimate for total revenues is pegged at $1.84 billion, indicating a 0.9% year-over-year decline from $1.86 billion. Toll Brothers Inc. price-eps-surprise | Toll Brothers Inc. Quote Revenues During the fiscal first quarter, Toll Brothers’ top-line performance is expected to have inched down year over year, given the ongoing uncertainties in the housing market in the United States. Homebuyers’ sentiments are likely to have been weak as affordability challenges persist amid still-high mortgage rates and an uncertain economic scenario. Demand softness across the South and Mountain geographic segments is likely to have restricted the growth. For the fiscal first quarter, TOL expects home deliveries to be between 1,800 units and 1,900 units, indicating a decline from 1,991 units delivered in the year-ago quarter. We expect home deliveries to be down 7.3% year over year to 1,845 units. Nonetheless, the strength of its luxury positioning alongside the approach of offering affordable luxury homes is encouraging. Besides, the improvements in cycle times, increased supply of spec homes and favorable pricing measures are expected to have boded well in the fiscal first quarter. For the quarter, Toll Brothers expects the average selling price (ASP) of delivered homes to be within $985,000-$995,000, up from $924,600 in the year-ago quarter. Our model expects the metric to be up year over year by 6.9% to $988,200 in the fiscal first quarter. Earnings & Margins The bottom line of Toll Brothers is expected to have improved in the fiscal first quarter on the back of its disciplined pricing and sales velocity management. Moreover, lower material costs despite an uncertain...

NVR, Inc. NVR reported better-than-expected fourth-quarter 2025 results, with earnings and Homebuilding revenues surpassing the Zacks Consensus Estimate. Conversely, both earnings and Homebuilding revenues declined on a year-over-year basis. The quarter’s performance highlights continued softness in the housing market, with affordability challenges persisting amid macroeconomic uncertainty and inflationary pressures. The Homebuilding segment saw a year-over-year decline in settlements, while average selling prices were up compared with the prior-year quarter. Backlog units fell year over year, indicating continued caution among homebuyers, but the slight improvement in net new orders advocates optimism. NVR stock gained 1.7% during yesterday’s trading hours and inched up 0.3% in the after-hours. The company reported earnings of $121.54 per share, topping the Zacks Consensus Estimate of $104.96 by 15.8%. Contrarily, the reported figure decreased 13% from the prior-year quarter’s earnings of $139.93 per share. Homebuilding revenues of $2.635 billion also surpassed the consensus mark of $2.375 billion by 12%. Consolidated revenues (Homebuilding & Mortgage Banking fees combined) amounted to $2.713 billion, down 4.7% on a year-over-year basis. NVR, Inc. price-consensus-eps-surprise-chart | NVR, Inc. Quote Homebuilding: Segment revenues declined 5.2% year over year. Settlements in the quarter were down 8.3% year over year to 5,668 units. Our model predicted settlements to decline 18% year over year to 5,067 units. The ASP for settlements increased year over year by 3.3% to $464,900. Our estimate for the metric was $461,200. The gross margin contracted 320 basis points year over year to 20.4%. Our estimate for the metric was 21.1%. The decline primarily reflects higher lot costs, pricing pressure stemming from ongoing affordability challenges and contract land deposit impairments totaling approximately $35.7 million. New orders improved 3.3% from the prior-year quarter’s level to 4,951 units. However, the ASP of new orders decreased 3.2% year over year at $454,200. Our model predicted the ASP of new orders at $476,600. The cancellation rate inched down to 16.6% from 16.9% a year ago. On a unit basis, backlog at the end of Dec. 31, 2025, decreased 15.1% to 8,448 homes and 16% to $4.01 billion on a dollar basis from the prior-year quarter’s figure. The average number...