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PulteGroup (PHM) Dips More Than Broader Markets: What You Should Know
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In the latest trading session, PulteGroup (PHM - Free Report) closed at $52.98, marking a -1.87% move from the previous day. This move lagged the S&P 500's daily loss of 1.03%. At the same time, the Dow lost 1.48%, and the tech-heavy Nasdaq lost 0.05%.
Prior to today's trading, shares of the homebuilder had gained 4.35% over the past month. This has outpaced the Construction sector's loss of 0.35% and the S&P 500's loss of 0.62% in that time.
Investors will be hoping for strength from PulteGroup as it approaches its next earnings release. On that day, PulteGroup is projected to report earnings of $2.33 per share, which would represent year-over-year growth of 56.38%. Meanwhile, our latest consensus estimate is calling for revenue of $4.25 billion, up 33.03% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $7.16 per share and revenue of $13.81 billion. These totals would mark changes of +38.22% and +25.11%, respectively, from last year.
It is also important to note the recent changes to analyst estimates for PulteGroup. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. PulteGroup currently has a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that PulteGroup has a Forward P/E ratio of 7.54 right now. This valuation marks a premium compared to its industry's average Forward P/E of 6.7.
It is also worth noting that PHM currently has a PEG ratio of 0.32. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Building Products - Home Builders industry currently had an average PEG ratio of 0.32 as of yesterday's close.
The Building Products - Home Builders industry is part of the Construction sector. This industry currently has a Zacks Industry Rank of 69, which puts it in the top 28% 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) Dips More Than Broader Markets: What You Should Know
In the latest trading session, PulteGroup (PHM - Free Report) closed at $52.98, marking a -1.87% move from the previous day. This move lagged the S&P 500's daily loss of 1.03%. At the same time, the Dow lost 1.48%, and the tech-heavy Nasdaq lost 0.05%.
Prior to today's trading, shares of the homebuilder had gained 4.35% over the past month. This has outpaced the Construction sector's loss of 0.35% and the S&P 500's loss of 0.62% in that time.
Investors will be hoping for strength from PulteGroup as it approaches its next earnings release. On that day, PulteGroup is projected to report earnings of $2.33 per share, which would represent year-over-year growth of 56.38%. Meanwhile, our latest consensus estimate is calling for revenue of $4.25 billion, up 33.03% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $7.16 per share and revenue of $13.81 billion. These totals would mark changes of +38.22% and +25.11%, respectively, from last year.
It is also important to note the recent changes to analyst estimates for PulteGroup. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. PulteGroup currently has a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that PulteGroup has a Forward P/E ratio of 7.54 right now. This valuation marks a premium compared to its industry's average Forward P/E of 6.7.
It is also worth noting that PHM currently has a PEG ratio of 0.32. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Building Products - Home Builders industry currently had an average PEG ratio of 0.32 as of yesterday's close.
The Building Products - Home Builders industry is part of the Construction sector. This industry currently has a Zacks Industry Rank of 69, which puts it in the top 28% 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.