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Countdown to PulteGroup (PHM) Q3 Earnings: A Look at Estimates Beyond Revenue and EPS
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The upcoming report from PulteGroup (PHM - Free Report) is expected to reveal quarterly earnings of $2.62 per share, indicating a decline of 11.5% compared to the year-ago period. Analysts forecast revenues of $4.13 billion, representing a decline of 6.2% year over year.
The consensus EPS estimate for the quarter has been revised 0.2% higher over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.
While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
With that in mind, let's delve into the average projections of some PulteGroup metrics that are commonly tracked and projected by analysts on Wall Street.
The average prediction of analysts places 'Homebuilding Revenues- Home sale revenues' at $3.99 billion. The estimate indicates a year-over-year change of -6%.
The consensus estimate for 'Revenues- Financial Services' stands at $98.72 million. The estimate indicates a year-over-year change of -4.4%.
The consensus among analysts is that 'Homebuilding Revenues' will reach $4.03 billion. The estimate indicates a year-over-year change of -6.2%.
Analysts' assessment points toward 'Homebuilding Revenues- Land sale and other revenues' reaching $50.50 million. The estimate suggests a change of -5% year over year.
The combined assessment of analysts suggests that 'Average selling price - Total' will likely reach $553.58 . The estimate is in contrast to the year-ago figure of $564.00 .
Analysts expect 'Net new orders - units - Total' to come in at 6,948 . Compared to the present estimate, the company reported 6,638 in the same quarter last year.
It is projected by analysts that the 'Average active communities' will reach 1,043 . The estimate compares to the year-ago value of 1,002 .
The collective assessment of analysts points to an estimated 'Unit backlog - Total' of 10,688 . The estimate compares to the year-ago value of 9,888 .
According to the collective judgment of analysts, 'Closings (units) - Total' should come in at 7,226 . The estimate is in contrast to the year-ago figure of 7,529 .
Based on the collective assessment of analysts, 'Backlog dollars - Total' should arrive at $6.58 billion. The estimate compares to the year-ago value of $6.23 billion.
Analysts forecast 'Net new orders - dollars - Total' to reach $3.73 billion. The estimate is in contrast to the year-ago figure of $3.64 billion.
Analysts predict that the 'Cancellation rates' will reach 15.5%. The estimate is in contrast to the year-ago figure of 16.0%.
Over the past month, PulteGroup shares have recorded returns of -3.2% versus the Zacks S&P 500 composite's +1.5% change. Based on its Zacks Rank #4 (Sell), PHM will likely underperform the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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Countdown to PulteGroup (PHM) Q3 Earnings: A Look at Estimates Beyond Revenue and EPS
The upcoming report from PulteGroup (PHM - Free Report) is expected to reveal quarterly earnings of $2.62 per share, indicating a decline of 11.5% compared to the year-ago period. Analysts forecast revenues of $4.13 billion, representing a decline of 6.2% year over year.
The consensus EPS estimate for the quarter has been revised 0.2% higher over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.
While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
With that in mind, let's delve into the average projections of some PulteGroup metrics that are commonly tracked and projected by analysts on Wall Street.
The average prediction of analysts places 'Homebuilding Revenues- Home sale revenues' at $3.99 billion. The estimate indicates a year-over-year change of -6%.
The consensus estimate for 'Revenues- Financial Services' stands at $98.72 million. The estimate indicates a year-over-year change of -4.4%.
The consensus among analysts is that 'Homebuilding Revenues' will reach $4.03 billion. The estimate indicates a year-over-year change of -6.2%.
Analysts' assessment points toward 'Homebuilding Revenues- Land sale and other revenues' reaching $50.50 million. The estimate suggests a change of -5% year over year.
The combined assessment of analysts suggests that 'Average selling price - Total' will likely reach $553.58 . The estimate is in contrast to the year-ago figure of $564.00 .
Analysts expect 'Net new orders - units - Total' to come in at 6,948 . Compared to the present estimate, the company reported 6,638 in the same quarter last year.
It is projected by analysts that the 'Average active communities' will reach 1,043 . The estimate compares to the year-ago value of 1,002 .
The collective assessment of analysts points to an estimated 'Unit backlog - Total' of 10,688 . The estimate compares to the year-ago value of 9,888 .
According to the collective judgment of analysts, 'Closings (units) - Total' should come in at 7,226 . The estimate is in contrast to the year-ago figure of 7,529 .
Based on the collective assessment of analysts, 'Backlog dollars - Total' should arrive at $6.58 billion. The estimate compares to the year-ago value of $6.23 billion.
Analysts forecast 'Net new orders - dollars - Total' to reach $3.73 billion. The estimate is in contrast to the year-ago figure of $3.64 billion.
Analysts predict that the 'Cancellation rates' will reach 15.5%. The estimate is in contrast to the year-ago figure of 16.0%.
View all Key Company Metrics for PulteGroup here>>>Over the past month, PulteGroup shares have recorded returns of -3.2% versus the Zacks S&P 500 composite's +1.5% change. Based on its Zacks Rank #4 (Sell), PHM will likely underperform the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .