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NVR Third Quarter 2024 Earnings: In Line With Expectations

editorial-team@simplywallst.com (Simply Wall St)
1 min read

In This Article:

NVR (NYSE:NVR) Third Quarter 2024 Results

Key Financial Results

  • Revenue: US$2.77b (up 6.0% from 3Q 2023).

  • Net income: US$429.3m (flat on 3Q 2023).

  • Profit margin: 16% (down from 17% in 3Q 2023). The decrease in margin was driven by higher expenses.

  • EPS: US$140.

earnings-and-revenue-growth
NYSE:NVR Earnings and Revenue Growth October 23rd 2024

All figures shown in the chart above are for the trailing 12 month (TTM) period

NVR Meets Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) was also in line with analyst expectations.

Looking ahead, revenue is forecast to grow 4.1% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Consumer Durables industry in the US.

Performance of the American Consumer Durables industry.

The company's shares are down 3.4% from a week ago.

Risk Analysis

You should learn about the 1 warning sign we've spotted with NVR.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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