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PHM

PulteGroup (PHM) Misses Earnings & Sales in Q3; Orders Up

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. The brand portfolio under the segment includes Pulte move-up brand, Centex first-time brand and Del Webb active adult.

Pulte's large-scale business and geographic/product diversity, consistently improving profitability, commitment to drive higher returns while pursuing a more balanced capital allocation approach are encouraging. Moreover, though Pulte's order trends remained light over the past two years, the order trend improved in the past 2-3 quarters.

Investors should also note that earnings estimate movement for PHM has been mixed for some time. However, PHM has a disappointing earnings history. The homebuilding company has posted two negative earnings surprise in the past four quarters, with an average negative surprise of -7.22%.

Currently, PHM has a Zacks Rank #3 (Hold), but that could definitely change following Pulte' earnings report which was just released. We have highlighted some of the key stats from this just-revealed announcement below:

Earnings: PHM missed earnings. Our consensus earnings estimate called for EPS of $0.43/share, and the company reported EPS of $0.33 instead. Investors should note that these figures take out stock option expenses.

Revenues: PHM reported revenues of $1.51 billion. This missed our consensus estimate of $1.73 billion.

Key Stats to Note: New home orders grew 8% year over year.

Stock Price: Shares in-active in pre-market trading .

Check back later for our full write up on this PHM 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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