Markets
PHM

PulteGroup (PHM) Beats Q4 Earnings and Revenue Estimates

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.

Investors should also note that earnings estimate movement for PHM has been 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 13.1%.

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(Strong Buy)stocks here .

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

Earnings: PulteGroup's adjusted earnings surpassed our estimates. Our consensus earnings estimate called for EPS of 58 cents per share, and the company reported adjusted earnings of 67 cents. Investors should note that these figures take out stock option expenses.

PulteGroup, Inc. Price and EPS Surprise

PulteGroup, Inc. Price and EPS Surprise | PulteGroup, Inc. Quote

Revenues : PulteGroup reported revenues of $2.49 billion, which surpassed our consensus estimate of $2.33 billion.

Key Stats to Note: Number of homes closed increased 9.4% in the quarter.

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

Zacks' Best Private Investment Ideas

While we are happy to share many articles like this on the website, our best recommendations and most in-depth research are not available to the public.

Starting today, for the next month, you can follow all Zacks' private buys and sells in real time. Our experts cover all kinds of trades… from value to momentum . . . from stocks under $10 to ETF and option moves . . . from stocks that corporate insiders are buying up to companies that are about to report positive earnings surprises. You can even look inside exclusive portfolios that are normally closed to new investors. Click here for Zacks' private trades >>

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

PulteGroup, Inc. (PHM): Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In This Story

PHM

Other Topics

Earnings Investing Stocks

Latest Markets Videos

    Zacks

    Zacks is the leading investment research firm focusing on stock research, analysis and recommendations. In 1978, our founder discovered the power of earnings estimate revisions to enable profitable investment decisions. Today, that discovery is still the heart of the Zacks Rank. A wealth of resources for individual investors is available at www.zacks.com.

    Learn More