Hovnanian Enterprises Inc (NYSE:HOV) shares traded on -4.48% down secure line and closed at $2.13. The stock exchanged hands 2.11 Million shares versus average trading capacity of 1.39 Million shares. It has a market cap of $309.74 Million.

Wall Street analysts are predicting that Hovnanian Enterprises Inc (NYSE:HOV) will report earnings per share of $-0.01 in their quarterly report. For the current quarter Hovnanian Enterprises Inc (NYSE:HOV) has low EPS estimates of $-0.02. Average estimation for the current quarter has been provided by 3 analysts.

Investors as well as the sell-side will be paying close attention to how the actual numbers compare with the estimates. Earnings surprises can have a huge impact on a company’s stock price. Several studies suggest that positive earnings surprises not only lead to an immediate hike in a stock’s price, but also to a gradual increase over time. Hence, it’s not surprising that some companies are known for routinely beating earning projections. A negative earnings surprise will usually result in a decline in share price.

Hovnanian Enterprises Inc (NYSE:HOV) has average revenue estimates of $582.9 Million, compared to low analyst estimates of $579.25 Million and high estimates of $588.44 Million for the current quarter. A total number of 3 analysts provided estimations over revenues. For the current year the company’s revenue estimates are $2.41 Billion compared to low analyst estimates of $2.39 Billion and high estimates of $2.43 Billion according to the prediction of 3 analysts.

Taking a broader look at the analyst consensus, according to 2 analysts Hovnanian Enterprises Inc (NYSE:HOV)’s price will reach at $1.52 during 52 weeks. Its minimum price target estimates has been figured out at $1.3 while the maximum price target forecast is established at $1.75.

On the other hand Hovnanian Enterprises Inc (NYSE:HOV) has Relative Strength Index (RSI 14) of 38.11 along with Average True Range (ATR 14) of 0.12. Where the relative strength index (RSI) is a technical momentum indicator that compares the magnitude of recent gains to recent losses in an attempt to determine excess buying & selling conditions of an asset, it is one of the most popular technical indicators, computed on the basis of the speed and direction of a stock’s price movement. The RSI value will always move between 0 and 100; the value will be 0 if the stock falls on all 14 days, and 100, if the price moves up on all the days) as suggested by J Welles Wilder. In terms of market analysis and trading signals, RSI moving above the horizontal 30 reference level is viewed as a bullish indicator, while the RSI moving below the horizontal 70 reference level is seen to be a bearish indicator. The level of 50 represents neutral market momentum and corresponds with the center line in other oscillators such as MACD (Moving Average Convergence/Divergence). The average true range (ATR) is a measure of volatility introduced by Welles Wilder.

Consequently Hovnanian Enterprises Inc (NYSE:HOV)’s weekly and monthly volatility is 4.16%, 4.94% respectively.