PulteGroup Inc. PHM 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 experienced strong order numbers during 2015 and believes that the recovery of the housing industry is stable with better economy, improving employment trends, increasing household formations and low interest rate.
Investors should also note that earnings estimate movement for PHM has been mostly stable for sometime. Moreover, PHM has a disappointing earnings history. The homebuilding company has posted three negative earnings surprise in the past four quarters, with an average negative surprise of -11.45%.
Currently, PHM has a Zacks Rank #3 (Hold), but that could definitely change following PulteGroup’ earnings report which was just released. We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: PHM surpassed earnings. Our consensus earnings estimate called for EPS of $0.19/share, and the company reported EPS of $0.24 instead. Investors should note that these figures take out stock option expenses.
Revenues: PHM reported revenues of $1.43 billion. This surpassed our consensus estimate of $1.36 billion.
Key Stats to Note: Number of homes closed increased 17% in the quarter.
Share price: In-active in pre-market trading.
Check back later for our full write up on this PHM earnings report later.
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PULTE GROUP ONC (PHM): Free Stock Analysis Report
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