NVR (NYSE:NVR) Third Quarter 2022 Results

Key Financial Results

• Revenue: US$2.79b (up 16% from 3Q 2021).

• Net income: US$411.4m (up 24% from 3Q 2021).

• Profit margin: 15% (in line with 3Q 2021).

• EPS: US$126 (up from US$93.25 in 3Q 2021).

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

NVR Revenues Beat Expectations

Revenue exceeded analyst estimates by 6.5%. Earnings per share (EPS) was mostly in line with analyst estimates.

Looking ahead, revenue is expected to fall by 9.5% p.a. on average during the next 3 years compared to a 1.2% decline forecast for the Consumer Durables industry in the US.

Performance of the American Consumer Durables industry.

The company's shares are down 2.4% from a week ago.

Risk Analysis

You still need to take note of risks, for example - NVR has 1 warning sign we think you should be aware of.

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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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