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PulteGroup (PHM) Gains As Market Dips: What You Should Know
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PulteGroup (PHM - Free Report) closed at $46.33 in the latest trading session, marking a +1.18% move from the prior day. The stock outpaced the S&P 500's daily loss of 0.61%. At the same time, the Dow lost 0.42%, and the tech-heavy Nasdaq gained 0.17%.
Coming into today, shares of the homebuilder had gained 4.97% in the past month. In that same time, the Construction sector gained 2.32%, while the S&P 500 gained 0.89%.
Wall Street will be looking for positivity from PulteGroup as it approaches its next earnings report date. The company is expected to report EPS of $2.90, up 15.54% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $4.6 billion, up 5.62% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $10.14 per share and revenue of $15.66 billion. These totals would mark changes of +38.9% and +12.46%, respectively, from last year.
Any recent changes to analyst estimates for PulteGroup should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.15% lower within the past month. PulteGroup is currently sporting a Zacks Rank of #5 (Strong Sell).
Investors should also note PulteGroup's current valuation metrics, including its Forward P/E ratio of 4.52. For comparison, its industry has an average Forward P/E of 4.28, which means PulteGroup is trading at a premium to the group.
We can also see that PHM currently has a PEG ratio of 2.61. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Building Products - Home Builders was holding an average PEG ratio of 1.04 at yesterday's closing price.
The Building Products - Home Builders industry is part of the Construction sector. This group has a Zacks Industry Rank of 226, putting it in the bottom 11% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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PulteGroup (PHM) Gains As Market Dips: What You Should Know
PulteGroup (PHM - Free Report) closed at $46.33 in the latest trading session, marking a +1.18% move from the prior day. The stock outpaced the S&P 500's daily loss of 0.61%. At the same time, the Dow lost 0.42%, and the tech-heavy Nasdaq gained 0.17%.
Coming into today, shares of the homebuilder had gained 4.97% in the past month. In that same time, the Construction sector gained 2.32%, while the S&P 500 gained 0.89%.
Wall Street will be looking for positivity from PulteGroup as it approaches its next earnings report date. The company is expected to report EPS of $2.90, up 15.54% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $4.6 billion, up 5.62% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $10.14 per share and revenue of $15.66 billion. These totals would mark changes of +38.9% and +12.46%, respectively, from last year.
Any recent changes to analyst estimates for PulteGroup should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.15% lower within the past month. PulteGroup is currently sporting a Zacks Rank of #5 (Strong Sell).
Investors should also note PulteGroup's current valuation metrics, including its Forward P/E ratio of 4.52. For comparison, its industry has an average Forward P/E of 4.28, which means PulteGroup is trading at a premium to the group.
We can also see that PHM currently has a PEG ratio of 2.61. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Building Products - Home Builders was holding an average PEG ratio of 1.04 at yesterday's closing price.
The Building Products - Home Builders industry is part of the Construction sector. This group has a Zacks Industry Rank of 226, putting it in the bottom 11% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.