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In the latest market close, PulteGroup (PHM) reached $105.32, with a -0.5% movement compared to the previous day. The stock fell short of the S&P 500, which registered a gain of 0.16% for the day. Elsewhere, the Dow gained 0.01%, while the tech-heavy Nasdaq added 0.46%.
Shares of the homebuilder witnessed a gain of 4.08% over the previous month, beating the performance of the Construction sector with its gain of 0.13% and the S&P 500's loss of 3.59%.
The investment community will be closely monitoring the performance of PulteGroup in its forthcoming earnings report. The company is scheduled to release its earnings on April 22, 2025. In that report, analysts expect PulteGroup to post earnings of $2.48 per share. This would mark a year-over-year decline of 13.59%. Meanwhile, the latest consensus estimate predicts the revenue to be $3.89 billion, indicating a 1.55% decrease compared to the same quarter of the previous year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $12.32 per share and revenue of $18.16 billion, indicating changes of -16.13% and +1.17%, respectively, compared to the previous year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for PulteGroup. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. Right now, PulteGroup possesses a Zacks Rank of #4 (Sell).
Looking at its valuation, PulteGroup is holding a Forward P/E ratio of 8.59. This signifies no noticeable deviation in comparison to the average Forward P/E of 8.59 for its industry.
We can additionally observe that PHM currently boasts a PEG ratio of 0.29. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The average PEG ratio for the Building Products - Home Builders industry stood at 0.98 at the close of the market yesterday.