HOVNANIAN ENTERPRISES <HOV> EARNINGS TO RISE Hovnanian Enterprises Inc said the company's earnings for year would exceed the 1.65 dlrs a share previously announced and could go as high as 1.75 dlrs for fiscal year ended Feb 28, 1987. The company posted net earnings of 11.5 mln dlrs, or 1.72 dlrs per share, on revenues of 199.3 mln dlrs for fiscal year 1986. These figures reflect two three-for-two stock splits in March and August 1986. At the Annual Drexel Burnham Lambert Construction Conference here, Hovnanian executive vice presidnt Ara Hovnanian said the company expects an earnings range of between 2.35 dlrs and 2.55 dlrs per share for fiscal 1988. Total revenues for the year ending Feb 29, 1988, should be between 320 mln and 350 mln, he said.