Continue reading Lennar Down After Q1 Report: Watch the Price Action

Lennar Down After Q1 Report: Watch the Price Action originally appeared on BloggingStocks on Tue, 29 Mar 2011 17:30:00 EST. Please see our terms for use of feeds.

Last time around, I was bearish on Lennar (LEN). This was following the company's third-quarter report. Well, now we've got the fourth-quarter report to consider. Should I change my opinion?

You know, I feel like I should. Yesterday's price action was somewhat compelling. The stock experienced an increase in value of 7%. The closing price was $20.24, not too far away from the 52-week high of $21.79. The 52-week low for the stock is $11.93, so the shares are comfortably above that level.

Continue reading Lennar Earnings: Time to Be Bullish?

Lennar Earnings: Time to Be Bullish? originally appeared on BloggingStocks on Wed, 12 Jan 2011 09:00:00 EST. Please see our terms for use of feeds.

Hovnanian Enterprises (HOV) announced Tuesday that its fourth-quarter loss checked in at $1.68 per share ($132.1 million). While these results were better than a year ago when the company reported a loss of $3.21 per share ($250.8 million), the homebuilder fell short of the consensus estimate of a loss of 91 cents per share. Quarterly revenue checked in at $353 million, which is far worse than the $437.4 million a year earlier. The amount of contracts for homes fell 13%, coming in at 1,078 homes.

Continue reading Hovnanian Posts Larger-Than-Expected Fourth-Quarter Loss

Hovnanian Posts Larger-Than-Expected Fourth-Quarter Loss originally appeared on BloggingStocks on Wed, 22 Dec 2010 10:00:00 EST. Please see our terms for use of feeds.

If you want to talk pain, talk to investors who own D.R. Horton (DHI). They were feeling quite miserable today. With a little over an hour to go before the market closes up shop, shares of the homebuilder were off by 5.7% to $11.48 as the market digested the latest quarterly report. Strong volume backed the trade.

The 52-week low for the stock is $9.41 while the 52-week high is $15.44. The one-year chart can be interpreted in a couple different ways (such is the limitation of technical analysis). While the big plunge in the middle cannot be ignored, the sideways trading aspect could be indicative that the shares are trying to find a level of support.

Continue reading D.R. Horton Down After Earnings Release

D.R. Horton Down After Earnings Release originally appeared on BloggingStocks on Fri, 12 Nov 2010 17:30:00 EST. Please see our terms for use of feeds.

Continue reading Beazer Homes Reports 4Q Loss

Beazer Homes Reports 4Q Loss originally appeared on BloggingStocks on Fri, 05 Nov 2010 09:30:00 EST. Please see our terms for use of feeds.

If you check out the stats at KB Home's (KBH) quote page, you'll notice that it's been doing poorly for a long time, until recently, when, over the last month, it decided to bounce strongly off the 52-week low of $9.43. Today, with about three hours to go before the end of the session, it is higher by almost 3.8% to $12.15 on the back of an earnings report.

Indeed, the chart shows what I'm talking about. And you have to wonder if the strength in the homebuilder will continue. There is one problem: although volume does stand a chance of ultimately going above the average, at the time of this writing, it isn't too impressive.

Continue reading KB Home Up on Q3 Report

KB Home Up on Q3 Report originally appeared on BloggingStocks on Fri, 24 Sep 2010 14:30:00 EST. Please see our terms for use of feeds.

Homebuilder Lennar (LEN) had a great session on Monday. It closed at a price of $15.14, which represents a gain of over 8%. Volume was quite active, implying conviction in the move.

The one-year chart appears to be a volatile one, but it's in the context of a narrow range. The 52-week low is $11.56, and the 52-week high is $21.79. Does the stock have what it takes to break out of recent resistance levels? Can we infer positive things from yesterday's price change?

Continue reading Lennar Earnings Improve in Q3, but Is It Time to Buy?

Lennar Earnings Improve in Q3, but Is It Time to Buy? originally appeared on BloggingStocks on Tue, 21 Sep 2010 09:00:00 EST. Please see our terms for use of feeds.

After the closing bell sounded Monday, Beazer Homes USA (BZH) reported second-quarter earnings.

The homebuilder recorded a second-quarter profit of 10 cents per diluted share, which includes noncash pretax charges of $10.2 million for inventory impairments. Not a bad quarter when compared to the year-earlier loss of $2.81 per share. Beazer's total revenue checked in at $198.2 million, up from $186.6 million in last year's second quarter.

Continue reading Beazer Homes Falls After Earnings Report

Beazer Homes Falls After Earnings Report originally appeared on BloggingStocks on Tue, 04 May 2010 11:10:00 EST. Please see our terms for use of feeds.

KB Home (KBH) reported first-quarter earnings Tuesday morning. The homebuilder said its loss came in at 71 cents per share. A year ago, KBH lost 75 cents per share. While the quarterly loss was less than last year's, it was larger than the Street's expected loss of 42 cents per share.

Quarterly revenue fell to $264 million from $307.4 million a year ago. Not only was revenue worse than a year ago, but it also missed expectations for revenue of $277 million.

Continue reading KB Home's First-Quarter Loss Shrinks

KB Home's First-Quarter Loss Shrinks originally appeared on BloggingStocks on Tue, 23 Mar 2010 10:30:00 EST. Please see our terms for use of feeds.

Shares of Lennar Corp. (LEN) surged Thursday after the Miami-based homebuilder reported a surprise profit for the fourth-quarter of 2009, its first in two years.

For the three months that ended in November, Lennar posted earnings of $0.19 per share, compared with a year-ago loss of $5.12 a share. Fourth quarter results included $1.34 per share related to the reduction of a deferred tax asset valuation allowance primarily due to a NOL carryback, offset by a $0.58 per share charge related to valuation adjustments and other writeoffs, and a $0.31 per share charge related to valuation adjustments to land the builder intends to sell or has sold to third parties.

Continue reading Lennar Surges on Surprise Q4 Profit, Rise in New Orders

Lennar Surges on Surprise Q4 Profit, Rise in New Orders originally appeared on BloggingStocks on Thu, 07 Jan 2010 14:40:00 EST. Please see our terms for use of feeds.

The housing market got two pieces of bad news Friday. The first being weaker-than-expected earnings for KB Home (NYSE: KBH) and the second being a less-than-expected rise in new home sales last month.

First, the good news. New home sales did rise last month. In the current economic environment, that by itself is good news. Unfortunately the rise was less than analysts had been expecting to see.

Continue reading New home sales rose less than expected last month

New home sales rose less than expected last month originally appeared on BloggingStocks on Fri, 25 Sep 2009 13:30:00 EST. Please see our terms for use of feeds.

Shares of California-based homebuilder KB Home (NYSE: KBH) sold off Friday morning after the company failed to meet analyst estimates for its third quarter.

As we noted in our earnings preview, analysts were expecting to see the company show a loss of 56 cents per share for its third quarter, but the company failed to hit that number, posting an actual loss of a much worse 87 cents per share.

Continue reading KB Home narrows loss but misses estimates

KB Home narrows loss but misses estimates originally appeared on BloggingStocks on Fri, 25 Sep 2009 11:30:00 EST. Please see our terms for use of feeds.

Continue reading KB Home third quarter earnings preview

KB Home third quarter earnings preview originally appeared on BloggingStocks on Thu, 24 Sep 2009 16:20:00 EST. Please see our terms for use of feeds.

Continue reading Lennar (LEN) gets nailed on weak earnings

Lennar (LEN) gets nailed on weak earnings originally appeared on BloggingStocks on Mon, 21 Sep 2009 14:00:00 EST. Please see our terms for use of feeds.

Continue reading Hovnanian shares slide on earnings, housing woes

Hovnanian shares slide on earnings, housing woes originally appeared on BloggingStocks on Thu, 03 Sep 2009 14:00:00 EST. Please see our terms for use of feeds.

Lennar (NYSE: LEN) has had one of the most impressive rebounds of all the home builders. The stock has been up as much as 340% since bottoming last November.

Wall Street's current consensus for Lennar's earnings this year is a loss of $2.88. In my opinion, that's too low. I think Lennar will have little trouble surprising Wall Street analysts later this year.

Lennar is a good momentum buy.

Continue reading Home builder stock #4: Lennar (LEN)

Home builder stock #4: Lennar (LEN) originally appeared on BloggingStocks on Sun, 30 Aug 2009 11:00:00 EST. Please see our terms for use of feeds.

KB Home (NYSE: KBH) was hit incredibly hard by the housing bust. The stock fell from $82 to just $7 per share. We haven't seen shakeouts like that since the tech bust.

Unlike some of the other home builders, KBH probably hit bottom early. The company's loss from last year wasn't as bad as its loss from 2007, and that's a good sign.

What I also like about KB Home is that the stock's volatility has calmed down, which is often the result of heavy institutional buying.

Continue reading Home builder stock #3: KB Home (KBH)

Home builder stock #3: KB Home (KBH) originally appeared on BloggingStocks on Sun, 30 Aug 2009 09:00:00 EST. Please see our terms for use of feeds.

D.R. Horton (NYSE: DHI) saw its earnings-per-share plunge from a profit of $3.90 in 2006 to a staggering loss of $8.34 last year. Fortunately, the worst is behind us. This year D.R. Horton will probably lose about $1 per share.

I don't like to see any loss, but this is a huge improvement. In fact, I think there's even a good chance D.R. Horton could start posting some earnings gains by next year.

D.R. Horton is also a buy.

Next: Home builder stock #3

Home builder stock #2: D.R. Horton (DHI) originally appeared on BloggingStocks on Sat, 29 Aug 2009 13:00:00 EST. Please see our terms for use of feeds.

NVR (NYSE: NVR) is probably the healthiest of all the major home builders. In fact, the company hasn't taken a single annual loss yet. The company reported a quarterly loss for the fourth quarter of 2008, but all of the other quarters have recorded a profit.

Even though NVR is a fairly small company (market value of nearly $4 billion), the stock carries a very high price. The shares are currently over $660 a piece, which is even higher than Google.

Continue reading Home builder stock #1: NVR (NVR)

Home builder stock #1: NVR (NVR) originally appeared on BloggingStocks on Sat, 29 Aug 2009 11:00:00 EST. Please see our terms for use of feeds.

The past few years haven't been what you might call a happy time for shares of home building stocks. Consider that the Homebuilders Exchange-Traded Fund (NYSE: XHB) plunged from $40 per share in early 2007 to just $8 per share earlier this year.

Since March, however, things have improved. There are signs that the housing market is getting back on its feet -- or at least, declining less slowly. Existing home sales recently registered their biggest gain in more than a decade. Seasonally-adjusted single-family building permits are up 27% since bottoming in March, while single-family housing starts have increased five straight months and are up 36% since March.

Continue reading Is it safe to buy home builders?

Is it safe to buy home builders? originally appeared on BloggingStocks on Sat, 29 Aug 2009 09:00:00 EST. Please see our terms for use of feeds.