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PulteGroup (PHM) Tops Q4 Earnings, Meets Revenue Estimates

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PulteGroup Inc. (PHM - Free Report) is one of the leading homebuilders in the United States. The company caters to all major customer segments: first-time, move-up and active adult, in several markets across the United States. 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 2018 earnings estimate for PHM has moved north by 8.2% over the last 30 days. However, 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 8.09%.

Currently, PulteGroup has a Zacks Rank #1 (Strong 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 stocks here.

We have highlighted some of the key stats from this just-revealed announcement below:

Earnings: PulteGroup’s adjusted earnings surpassed analysts’ expectations. The Zacks Consensus Estimate called for EPS of 84 cents per share, and the company reported adjusted earnings of 85 cents.

Revenues: PulteGroup reported revenues of $2.79 billion, were in line with the consensus estimate.

Key Stats to Note: Net new orders increased 14% to 4,805 homes in the quarter.

PulteGroup, Inc. Price and EPS Surprise

Check back later for our full write up on this PulteGroup earnings report later!

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