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 several 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.
Investors should also note that 2017 earnings estimate movement for PHM has been stable for the last 60 days. Moreover, PHM has a positive earnings history. The homebuilding company has posted positive earnings surprise in all of the past four quarters, with an average positive surprise of 9.59%.
Currently, PulteGroup has a Zacks Rank #2 (Buy), but that could definitely change following PulteGroup earnings report which was just released. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: PulteGroup’s adjusted earnings surpassed our estimates. Our consensus earnings estimate called for EPS of 45 cents per share, and the company reported adjusted earnings of 47 cents.
Revenues: PulteGroup reported revenues of $2.02 billion, which missed our consensus estimate of $2.03 billion.
Key Stats to Note: Net new orders increased 12% to 6,395 homes in the quarter.
Check back later for our full write up on this PulteGroup earnings report later!
More Stock News: Tech Opportunity Worth $386 Billion in 2017
From driverless cars to artificial intelligence, we've seen an unsurpassed growth of high-tech products in recent months. Yesterday's science-fiction is becoming today's reality. Despite all the innovation, there is a single component no tech company can survive without. Demand for this critical device will reach $387 billion this year alone, and it's likely to grow even faster in the future. Zacks has released a brand-new Special Report to help you take advantage of this exciting investment opportunity. Most importantly, it reveals 4 stocks with massive profit potential.
See these stocks now>>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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 several 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.
Investors should also note that 2017 earnings estimate movement for PHM has been stable for the last 60 days. Moreover, PHM has a positive earnings history. The homebuilding company has posted positive earnings surprise in all of the past four quarters, with an average positive surprise of 9.59%.
Currently, PulteGroup has a Zacks Rank #2 (Buy), but that could definitely change following PulteGroup earnings report which was just released. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: PulteGroup’s adjusted earnings surpassed our estimates. Our consensus earnings estimate called for EPS of 45 cents per share, and the company reported adjusted earnings of 47 cents.
Revenues: PulteGroup reported revenues of $2.02 billion, which missed our consensus estimate of $2.03 billion.
Key Stats to Note: Net new orders increased 12% to 6,395 homes in the quarter.
Check back later for our full write up on this PulteGroup earnings report later!
More Stock News: Tech Opportunity Worth $386 Billion in 2017
From driverless cars to artificial intelligence, we've seen an unsurpassed growth of high-tech products in recent months. Yesterday's science-fiction is becoming today's reality. Despite all the innovation, there is a single component no tech company can survive without. Demand for this critical device will reach $387 billion this year alone, and it's likely to grow even faster in the future. Zacks has released a brand-new Special Report to help you take advantage of this exciting investment opportunity. Most importantly, it reveals 4 stocks with massive profit potential.
See these stocks now>>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Get the latest research report on PHM - FREE