We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
PulteGroup (PHM) Reports Q4 Earnings: What Key Metrics Have to Say
Read MoreHide Full Article
For the quarter ended December 2022, PulteGroup (PHM - Free Report) reported revenue of $5.17 billion, up 18.7% over the same period last year. EPS came in at $3.63, compared to $2.51 in the year-ago quarter.
The reported revenue represents a surprise of +12.33% over the Zacks Consensus Estimate of $4.6 billion. With the consensus EPS estimate being $2.88, the EPS surprise was +26.04%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how PulteGroup performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Average Selling Price - Total: $571 compared to the $564.88 average estimate based on three analysts.
Closings (units) - Total: 8848 versus 7902.67 estimated by three analysts on average.
Unit Backlog - Total: 12169 versus 13772.33 estimated by three analysts on average.
Net New Orders in Units - Total: 3964 versus 4622 estimated by three analysts on average.
Homebuilding - Home sale revenues: $5.05 billion versus the six-analyst average estimate of $4.49 billion. The reported number represents a year-over-year change of +19.8%.
Revenues-Financial Services [$M]: $72.09 million versus $84.47 million estimated by six analysts on average. Compared to the year-ago quarter, this number represents a -28.6% change.
Revenues-Homebuilding [$M]: $5.10 billion compared to the $4.52 billion average estimate based on six analysts. The reported number represents a change of +19.8% year over year.
Homebuilding - Land sale revenues: $45.52 million versus the five-analyst average estimate of $31.41 million. The reported number represents a year-over-year change of +22.3%.
Income / (loss) before income taxes-Financial Services: $24.05 million versus $37 million estimated by three analysts on average.
Shares of PulteGroup have returned +14.2% over the past month versus the Zacks S&P 500 composite's +4.8% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
PulteGroup (PHM) Reports Q4 Earnings: What Key Metrics Have to Say
For the quarter ended December 2022, PulteGroup (PHM - Free Report) reported revenue of $5.17 billion, up 18.7% over the same period last year. EPS came in at $3.63, compared to $2.51 in the year-ago quarter.
The reported revenue represents a surprise of +12.33% over the Zacks Consensus Estimate of $4.6 billion. With the consensus EPS estimate being $2.88, the EPS surprise was +26.04%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how PulteGroup performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
View all Key Company Metrics for PulteGroup here>>>
Shares of PulteGroup have returned +14.2% over the past month versus the Zacks S&P 500 composite's +4.8% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.