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PulteGroup (PHM) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates
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For the quarter ended September 2023, PulteGroup (PHM - Free Report) reported revenue of $4 billion, up 1.5% over the same period last year. EPS came in at $2.90, compared to $2.69 in the year-ago quarter.
The reported revenue represents a surprise of -1.00% over the Zacks Consensus Estimate of $4.04 billion. With the consensus EPS estimate being $2.78, the EPS surprise was +4.32%.
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: $549 versus $540.04 estimated by five analysts on average.
Net New Orders in Units - Total: 7,065 versus 6,711 estimated by five analysts on average.
Active Communities: 923 versus the five-analyst average estimate of 894.
Closings (units) - Total: 7,076 versus 7,210 estimated by five analysts on average.
Unit Backlog - Total: 13,547 versus the five-analyst average estimate of 13,059.
Backlog Value - Total: $8.13 billion versus the two-analyst average estimate of $7.88 billion.
Net New Orders (Value) - Total: $3.82 billion versus the two-analyst average estimate of $3.57 billion.
Homebuilding- Home sale revenues: $3.89 billion versus the six-analyst average estimate of $3.95 billion. The reported number represents a year-over-year change of +1.2%.
Revenues- Financial Services: $76.72 million versus the six-analyst average estimate of $78.14 million. The reported number represents a year-over-year change of +5.5%.
Revenues- Homebuilding: $3.93 billion versus $3.97 billion estimated by six analysts on average. Compared to the year-ago quarter, this number represents a +1.4% change.
Homebuilding- Land sale revenues: $39.91 million versus $31.24 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +30.2% change.
Income / (loss) before income taxes- Homebuilding: $818.37 million versus the three-analyst average estimate of $770.35 million.
Shares of PulteGroup have returned -4.5% over the past month versus the Zacks S&P 500 composite's -2.3% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
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PulteGroup (PHM) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates
For the quarter ended September 2023, PulteGroup (PHM - Free Report) reported revenue of $4 billion, up 1.5% over the same period last year. EPS came in at $2.90, compared to $2.69 in the year-ago quarter.
The reported revenue represents a surprise of -1.00% over the Zacks Consensus Estimate of $4.04 billion. With the consensus EPS estimate being $2.78, the EPS surprise was +4.32%.
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: $549 versus $540.04 estimated by five analysts on average.
- Net New Orders in Units - Total: 7,065 versus 6,711 estimated by five analysts on average.
- Active Communities: 923 versus the five-analyst average estimate of 894.
- Closings (units) - Total: 7,076 versus 7,210 estimated by five analysts on average.
- Unit Backlog - Total: 13,547 versus the five-analyst average estimate of 13,059.
- Backlog Value - Total: $8.13 billion versus the two-analyst average estimate of $7.88 billion.
- Net New Orders (Value) - Total: $3.82 billion versus the two-analyst average estimate of $3.57 billion.
- Homebuilding- Home sale revenues: $3.89 billion versus the six-analyst average estimate of $3.95 billion. The reported number represents a year-over-year change of +1.2%.
- Revenues- Financial Services: $76.72 million versus the six-analyst average estimate of $78.14 million. The reported number represents a year-over-year change of +5.5%.
- Revenues- Homebuilding: $3.93 billion versus $3.97 billion estimated by six analysts on average. Compared to the year-ago quarter, this number represents a +1.4% change.
- Homebuilding- Land sale revenues: $39.91 million versus $31.24 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +30.2% change.
- Income / (loss) before income taxes- Homebuilding: $818.37 million versus the three-analyst average estimate of $770.35 million.
View all Key Company Metrics for PulteGroup here>>>Shares of PulteGroup have returned -4.5% over the past month versus the Zacks S&P 500 composite's -2.3% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.