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!

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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.

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