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Stock impact report

Strength Seen in Hovnanian (HOV): Can Its 10.6% Jump Turn into More Strength? [Yahoo! Finance]

Hovnanian Enterprises, Inc. Class A (HOV) 
US:NYSE Investor Relations: khov.com/investor-relations
Company Research Source: Yahoo! Finance
This compares to the stock's 10.2% loss over the past four weeks. Homebuilding stocks like Hovnanian surged on Friday as investors cheered a favorable policy outcome for the housing industry. Tariff exceptions for Canada and Mexico "amount to a major win" for homebuilders, the National Association of Home Builders said in a statement. This homebuilder is expected to post quarterly earnings of $2.45 per share in its upcoming report, which represents a year-over-year change of -63.2%. Revenues are expected to be $733.2 million, up 3.5% from the year-ago quarter. While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements. For Hovnanian, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any tren Show less Read more
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