PulteGroup, Inc.’s (PHM) Homebuilding segment, which accounted for more than 98% of total revenues, is expected to showcase tepid growth year over year when PHM reports first-quarter 2024 results on Apr 23.Despite challenges, PulteGroup showcased a robust performance over the past six months, witnessing a stock surge of 49.4%. This growth has outpaced the Zacks Building Products - Home Builders industry's increase of 42.2%. The company's strategic focus on entry-level buyers, liquidity management, and prude ...

PulteGroup Inc. (PHM) is scheduled to report first-quarter 2024 results on Apr 23, before the opening bell.In the last reported quarter, the company’s earnings per share (EPS) beat the Zacks Consensus Estimate by 2.5% but revenues missed the same by 4.2%. However, adjusted EPS and revenues decreased 14.8% and 15.5% on a year-over-year basis, respectively.PulteGroup’s earnings topped the consensus mark in all the trailing four quarters, the average surprise being 15.1%.Trend in Estimate RevisionThe Zacks Con ...

In its upcoming report, PulteGroup (PHM) is predicted by Wall Street analysts to post quarterly earnings of $2.36 per share, reflecting an increase of 0.4% compared to the same period last year. Revenues are forecasted to be $3.59 billion, representing a year-over-year increase of 0.3%.The consensus EPS estimate for the quarter has undergone an upward revision of 1.1% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial e ...

The current market backdrop is faring well for homebuilders like PulteGroup, Inc. (PHM) , attributable to stable interest rates, limited inventory of existing homes and improving economic conditions. These tailwinds are sparking consumer confidence, which is leading to increased demand for new homes. To satiate the growing demand for new homes, PulteGroup is undertaking several initiatives to equip itself with a readily available supply of homes and lots.In consideration of these initiatives, one of PulteGr ...

Company Performance - PulteGroup's stock closed at $108.79, reflecting a -1.89% change from the previous trading day, underperforming the S&P 500's 1.2% loss [1] - Over the past month, PulteGroup's shares have decreased by 0.01%, outperforming the Construction sector's loss of 1.46% and the S&P 500's loss of 0.85% [1] - The upcoming earnings report is scheduled for April 23, 2024, with projected EPS of $2.36, indicating a 0.43% increase year-over-year, and expected revenue of $3.59 billion, up 0.32% from the prior year [1] Analyst Estimates - For the fiscal year, Zacks Consensus Estimates project earnings of $11.79 per share and revenue of $16.9 billion, representing changes of +0.6% and +5.22% from the prior year [2] - Recent changes to analyst estimates indicate a positive outlook for PulteGroup's business operations and profit generation [2] - The Zacks Rank system, which rates stocks from 1 (Strong Buy) to 5 (Strong Sell), currently ranks PulteGroup at 2 (Buy) [3] Valuation Metrics - PulteGroup has a Forward P/E ratio of 9.41, which is in line with the industry average [3] - The company has a PEG ratio of 0.54, compared to the industry average PEG ratio of 0.84 [3] Industry Overview - The Building Products - Home Builders industry is part of the Construction sector and holds a Zacks Industry Rank of 53, placing it in the top 22% of over 250 industries [4] - The Zacks Industry Rank measures the strength of industry groups, with the top 50% rated industries outperforming the bottom half by a factor of 2 to 1 [4]

Group 1: Analyst Recommendations - PulteGroup (PHM) has an average brokerage recommendation (ABR) of 1.69, indicating a position between Strong Buy and Buy, based on recommendations from 16 brokerage firms [1] - Out of the 16 recommendations, 10 are Strong Buy and 1 is Buy, accounting for 62.5% and 6.3% of all recommendations respectively [1] Group 2: Limitations of Brokerage Recommendations - Solely relying on brokerage recommendations may not be advisable, as studies show they often fail to guide investors effectively towards stocks with high price appreciation potential [2] - Brokerage analysts tend to exhibit a strong positive bias due to vested interests, with five "Strong Buy" recommendations for every "Strong Sell" [2] Group 3: Zacks Rank as an Alternative - Zacks Rank categorizes stocks into five groups, from Strong Buy to Strong Sell, and is based on earnings estimate revisions, which correlate strongly with near-term stock price movements [3][4] - The Zacks Rank is updated more frequently than the ABR, reflecting timely changes in earnings estimates and business trends [5] Group 4: Current Earnings Estimates for PulteGroup - The Zacks Consensus Estimate for PulteGroup's current year earnings has increased by 0.1% over the past month to $11.78, indicating growing optimism among analysts [6] - This increase in consensus estimates has led to a Zacks Rank 2 (Buy) for PulteGroup, suggesting potential for stock price appreciation [6]

Core Insights - Momentum investing focuses on following a stock's recent price trends, with the aim of buying high and selling higher, capitalizing on established price movements [1] - PulteGroup (PHM) currently holds a Momentum Style Score of A and a Zacks Rank of 2 (Buy), indicating strong potential for outperformance [2][6] Price Performance - Over the past week, PulteGroup shares increased by 3.58%, outperforming the Zacks Building Products - Home Builders industry, which rose by 2.87% [3] - In the last month, PulteGroup's stock price rose by 3.4%, compared to the industry's 2.41% [3] - Over the past quarter, PulteGroup shares have risen by 10.54%, and over the last year, they have surged by 95.48%, while the S&P 500 increased by 10.16% and 28.53%, respectively [3] Trading Volume - PulteGroup's average 20-day trading volume is 1,712,974 shares, which serves as a baseline for price-to-volume analysis [4] Earnings Estimates - In the last two months, two earnings estimates for PulteGroup have been revised upwards, with no downward revisions, leading to an increase in the consensus estimate from $11.72 to $11.78 [5] - For the next fiscal year, two estimates have also moved upwards without any downward revisions [5] Conclusion - Given the strong price performance, positive earnings outlook, and high Momentum Style Score, PulteGroup is positioned as a promising investment opportunity [6]

Core Insights - The article emphasizes the importance of value investing as a successful strategy across various market conditions, highlighting the use of fundamental analysis to identify undervalued companies [1] Company Analysis - PulteGroup (PHM) is currently rated with a Zacks Rank of 2 (Buy) and has an A grade for Value, indicating strong potential for value investors [2] - PHM's Forward P/E ratio stands at 9.87, which is lower than the industry average of 11.13, suggesting it may be undervalued [2] - Over the past year, PHM's Forward P/E has fluctuated between a high of 10.07 and a low of 6.02, with a median of 7.99 [2] Valuation Metrics - The PEG ratio for PHM is 0.78, which is below the industry average of 0.83, indicating favorable growth expectations relative to its price [2] - PHM's PEG ratio has ranged from a high of 0.80 to a low of 0.21 over the past year, with a median of 0.52 [2] - The P/CF ratio for PHM is 9.52, which is competitive compared to the industry average of 10.11, further supporting the notion of undervaluation [3] - PHM's P/CF has varied from a high of 9.70 to a low of 4.72, with a median of 6.34 in the past year [3] Conclusion - Overall, the metrics indicate that PulteGroup is likely undervalued, making it an attractive option for value investors, especially considering its strong earnings outlook [3]

The latest trading session saw PulteGroup (PHM) ending at $118.43, denoting a -1.82% adjustment from its last day's close. The stock trailed the S&P 500, which registered a daily loss of 0.2%. Elsewhere, the Dow saw a downswing of 0.6%, while the tech-heavy Nasdaq appreciated by 0.11%.Heading into today, shares of the homebuilder had gained 8.46% over the past month, outpacing the Construction sector's gain of 6.55% and the S&P 500's gain of 3.32% in that time.The upcoming earnings release of PulteGroup wil ...

Group 1 - PulteGroup has an average brokerage recommendation (ABR) of 1.69, indicating a consensus between Strong Buy and Buy, with 62.5% of recommendations being Strong Buy and 6.3% being Buy [1] - Despite the positive ABR, reliance solely on brokerage recommendations may not be wise, as studies show limited success in guiding investors towards stocks with the best price increase potential [2] - The Zacks Rank, a proprietary stock rating tool, is a reliable indicator of near-term price performance and should be used to validate brokerage recommendations [3] Group 2 - The Zacks Rank differs from ABR as it is based on earnings estimate revisions rather than solely on analyst recommendations, providing a more accurate reflection of stock performance [4] - The Zacks Rank is timely and reflects changes in earnings estimates quickly, while ABR may not always be up-to-date [5] - For PulteGroup, the Zacks Consensus Estimate for the current year remains unchanged at $11.77, leading to a Zacks Rank of 3 (Hold), suggesting caution despite the Buy-equivalent ABR [6]