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PulteGroup (PHM) Q3 Earnings in Line, Misses on Revenues
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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 the last 60 days. Moreover, PHM has a positive earnings history. The homebuilding company has posted three positive earnings surprise in the past four quarters, with an average positive surprise of 7.30%.
We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: PulteGroup’s earnings came in line with our expectation. Our consensus earnings estimate called for EPS of 43 cents per share, and the company also reported the same. Investors should note that these figures take out stock option expenses.
Revenues: PulteGroup reported revenues of $1.94 billion, which missed our consensus estimate of $1.95 billion.
Key Stats to Note: Number of homes closed increased 15.6% in the quarter.
Check back later for our full write up on this PulteGroup earnings report later!
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PulteGroup (PHM) Q3 Earnings in Line, Misses on Revenues
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 the last 60 days. Moreover, PHM has a positive earnings history. The homebuilding company has posted three positive earnings surprise in the past four quarters, with an average positive surprise of 7.30%.
PULTE GROUP ONC Price and EPS Surprise
PULTE GROUP ONC Price and EPS Surprise | PULTE GROUP ONC Quote
Currently, PulteGroup has a Zacks Rank #3 (Hold), 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 stocks here.
We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: PulteGroup’s earnings came in line with our expectation. Our consensus earnings estimate called for EPS of 43 cents per share, and the company also reported the same. Investors should note that these figures take out stock option expenses.
Revenues: PulteGroup reported revenues of $1.94 billion, which missed our consensus estimate of $1.95 billion.
Key Stats to Note: Number of homes closed increased 15.6% in the quarter.
Check back later for our full write up on this PulteGroup earnings report later!
Confidential from Zacks
Beyond this Tale of the Tape, would you like to see Zacks' best recommendations that are not available to the public? Our Executive VP, Steve Reitmeister, knows when key trades are about to be triggered and which of our experts has the hottest hand. Click to see them now>>