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PulteGroup Inc. (PHM - Free Report) is one of the leading homebuilders in the U.S. The company caters to all major customer segments: first-time, move-up and active adult, in about 50 markets across the U.S. The brand portfolio under the segment includes Centex, Pulte Homes, Del Webb, DiVosta Homes and John Wieland Homes and Neighborhoods.
Pulte is likely to do well in 2016 on the back of steady demand trends, prudent land investments, focus on higher-return business and the Wieland acquisition. However, broader housing market headwinds – increasingly competitive environment and cost inflation amid moderating home price gains remain concerns.
Investors should also note that earnings estimate movement for PHM has been mostly stable for sometime. Moreover, PHM has a positive earnings history. The homebuilding company has posted two positive earnings surprise in the past four quarters, with an average positive surprise of 1.38%.
Currently, PHM has a Zacks Rank #3 (Hold), but that could definitely change following PulteGroup’ earnings report which was just released. We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: PHM beats earnings. Our consensus earnings estimate called for EPS of $0.33/share, and the company reported EPS of $0.34 instead. Investors should note that these figures take out stock option expenses.
Revenues: PHM reported revenues of $1.80 billion. This surpassed our consensus estimate of $1.71 billion.
Key Stats to Note: Number of homes closed increased 27% in the quarter.
Share price: Increased 1.81% in pre-market trading.
Check back later for our full write up on this PHM earnings report later.
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PulteGroup (PHM) Beats Earnings, Closings Up Y/Y
PulteGroup Inc. (PHM - Free Report) is one of the leading homebuilders in the U.S. The company caters to all major customer segments: first-time, move-up and active adult, in about 50 markets across the U.S. The brand portfolio under the segment includes Centex, Pulte Homes, Del Webb, DiVosta Homes and John Wieland Homes and Neighborhoods.
Pulte is likely to do well in 2016 on the back of steady demand trends, prudent land investments, focus on higher-return business and the Wieland acquisition. However, broader housing market headwinds – increasingly competitive environment and cost inflation amid moderating home price gains remain concerns.
Investors should also note that earnings estimate movement for PHM has been mostly stable for sometime. Moreover, PHM has a positive earnings history. The homebuilding company has posted two positive earnings surprise in the past four quarters, with an average positive surprise of 1.38%.
PULTE GROUP ONC Price and EPS Surprise
PULTE GROUP ONC Price and EPS Surprise | PULTE GROUP ONC Quote
Currently, PHM has a Zacks Rank #3 (Hold), but that could definitely change following PulteGroup’ earnings report which was just released. We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: PHM beats earnings. Our consensus earnings estimate called for EPS of $0.33/share, and the company reported EPS of $0.34 instead. Investors should note that these figures take out stock option expenses.
Revenues: PHM reported revenues of $1.80 billion. This surpassed our consensus estimate of $1.71 billion.
Key Stats to Note: Number of homes closed increased 27% in the quarter.
Share price: Increased 1.81% in pre-market trading.
Check back later for our full write up on this PHM earnings report later.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>