PulteGroup (PHM) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.Shares of this homebuilder have returned -2.7% over the past month versus the Zacks S&P 500 composite's +4.2% change. The Zacks Building Products - Home Builders industry, to which PulteGroup belongs, has lost 3% over this period. Now the key question is: Where could the stock be headed in the near term?While media releas ...

Investors interested in Building Products - Home Builders stocks are likely familiar with PulteGroup (PHM) and NVR (NVR) . But which of these two stocks presents investors with the better value opportunity right now? Let's take a closer look.Everyone has their own methods for finding great value opportunities, but our model includes pairing an impressive grade in the Value category of our Style Scores system with a strong Zacks Rank. The proven Zacks Rank puts an emphasis on earnings estimates and estimate ...

A month has gone by since the last earnings report for PulteGroup (PHM) . Shares have added about 1.7% in that time frame, underperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is PulteGroup due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts. PulteGroup Q1 Earnings & Revenues Top, Orders Rise Y ...

Although mortgage rates continue to scale upward, the housing forecast still looks optimistic given favorable demographics, a significant housing supply shortage and the continuous solid demand trend.Given these tailwinds, among the industry bellwethers, PulteGroup, Inc. (PHM) has been benefiting from favorable demand conditions, a solid operating model and prudent annual land acquisition strategies.Shares of this Zacks Rank #1 (Strong Buy) company have gained 74.9% in the past year, outperforming the Zacks ...

Investors interested in stocks from the Building Products - Home Builders sector have probably already heard of PulteGroup (PHM) and NVR (NVR) . But which of these two stocks presents investors with the better value opportunity right now? Let's take a closer look.The best way to find great value stocks is to pair a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system. The proven Zacks Rank puts an emphasis on earnings estimates and estimate revisions, while our Style S ...

PulteGroup (PHM) could be a solid choice for investors given the company's remarkably improving earnings outlook. While the stock has been a strong performer lately, this trend might continue since analysts are still raising their earnings estimates for the company.The upward trend in estimate revisions for this homebuilder reflects growing optimism of analysts on its earnings prospects, which should get reflected in its stock price. After all, empirical research shows a strong correlation between trends in ...

Key PointsPulteGroup is a U.S. homebuilder that operates under brands like Pulte Homes, Del Webb, Centex, American West, DiVosta, John Wieland Homes, and Neighborhoods.Despite a soft housing market, PulteGroup is thriving as new home sales rose 8.8% in March 2024, while existing home sales fell 4.3% to 4.3 million.PulteGroup beat Q1 EPS estimates by 74 cents while revenues climbed by 10.4% YoY to $3.95 billion, beating $3.58 billion consensus estimates.5 stocks we like better than PulteGroupHomebuilder Pult ...

Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, with the aim of buying high and selling higher, leveraging established price movements for profitable trades [1]. Group 1: Company Overview - PulteGroup (PHM) currently holds a Momentum Style Score of B and a Zacks Rank of 1 (Strong Buy), indicating strong potential for outperformance in the market [2][5]. - Over the past week, PulteGroup shares increased by 2.5%, matching the performance of the Zacks Building Products - Home Builders industry [3]. - In the last quarter, PulteGroup shares rose by 13.13%, and over the past year, they have surged by 74.04%, significantly outperforming the S&P 500, which increased by 3.78% and 27.1% respectively [3]. Group 2: Earnings Outlook - In the last two months, 6 earnings estimates for PulteGroup have been revised upwards, while none have been revised downwards, leading to an increase in the consensus estimate from $11.77 to $12.91 [4]. - For the next fiscal year, 7 estimates have also moved higher with no downward revisions, indicating positive earnings momentum [4]. Group 3: Trading Volume - PulteGroup's average 20-day trading volume is 1,825,814 shares, which serves as a bullish indicator when combined with rising stock prices [3].

Core Insights - Zacks Premium offers various tools for investors to enhance their stock market engagement and confidence, including daily updates, research reports, and stock screens [1] - The Zacks Style Scores are designed to help investors identify stocks with the highest potential to outperform the market within a 30-day timeframe [1] Style Scores Breakdown - **Value Score**: Focuses on identifying undervalued stocks using financial ratios such as P/E, PEG, Price/Sales, and Price/Cash Flow [2] - **Growth Score**: Evaluates a company's financial health and future outlook through projected and historical earnings, sales, and cash flow [2] - **Momentum Score**: Aims to capitalize on price trends by analyzing short-term price changes and earnings estimate revisions [2] - **VGM Score**: Combines the Value, Growth, and Momentum Scores to identify stocks with the best overall characteristics [3] Zacks Rank and Style Scores Interaction - The Zacks Rank utilizes earnings estimate revisions to simplify portfolio building, with 1 (Strong Buy) stocks achieving an average annual return of +25.41% since 1988, significantly outperforming the S&P 500 [4] - Investors are encouraged to focus on stocks with a Zacks Rank of 1 or 2 and Style Scores of A or B for optimal return potential [5] Company Spotlight: PulteGroup (PHM) - PulteGroup, based in Atlanta, GA, primarily operates in homebuilding, contributing 98% of total revenues, with a minor segment in financial services [6] - The company holds a 1 (Strong Buy) Zacks Rank and a VGM Score of B, indicating strong investment potential [6] - Recent upward revisions in earnings estimates by six analysts for fiscal 2024 have increased the Zacks Consensus Estimate by $1.14 to $12.91 per share, with an average earnings surprise of 12.5% [6]

Core Viewpoint - PulteGroup (PHM) has been upgraded to a Zacks Rank 1 (Strong Buy), indicating a positive outlook on its earnings estimates, which is a significant factor influencing stock prices [1][2]. Earnings Outlook - The Zacks rating upgrade reflects an upward trend in earnings estimates, which is crucial for stock price movements [1][3]. - PulteGroup is expected to earn $11.96 per share for the fiscal year ending December 2024, representing a year-over-year change of 2.1% [5]. Earnings Estimate Revisions - Over the past three months, the Zacks Consensus Estimate for PulteGroup has increased by 5.2%, indicating a positive revision trend [5]. - The Zacks Rank system effectively utilizes earnings estimate revisions to classify stocks, with Zacks Rank 1 stocks historically generating an average annual return of +25% since 1988 [4]. Institutional Investor Influence - Changes in earnings estimates significantly impact institutional investors' valuation models, leading to stock price movements based on their buying or selling actions [3]. - The upgrade to Zacks Rank 1 positions PulteGroup in the top 5% of Zacks-covered stocks, suggesting potential for near-term price increases [7].