PulteGroup(PHM)
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Why PulteGroup (PHM) is a Top Growth Stock for the Long-Term
ZACKS· 2024-10-28 14:46
For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. Zacks Premium provides lots of different ways to do both. Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor. Zacks Premium also includes the Zacks Style Scores. What are the Zacks Style Scores? Developed alon ...
PulteGroup: Margins A Concern In A Mixed Q3 (Downgrade)
Seeking Alpha· 2024-10-23 12:53
Shares of PulteGroup (NYSE: PHM ) plunged 7% on Tuesday after reporting disappointing Q3 earnings. The Federal Reserve's 50bp rate cut has not provided the hoped-for boost to the housing sector with mortgage rates actually higher since Over fifteen years of experience making contrarian bets based on my macro view and stock-specific turnaround stories to garner outsized returns with a favorable risk/reward profile. If you want me to cover a specific stock or have a question for an article, just let me know! ...
PulteGroup Earnings Signal Potential Entry Points for Investors
MarketBeat· 2024-10-23 11:26
PulteGroup Today PHM PulteGroup $133.78 -10.48 (-7.26%) 52-Week Range $68.80 ▼ $149.47 Dividend Yield 0.60% P/E Ratio 10.20 Price Target $141.14 Add to Watchlist There are discussions in mainstream media suggesting a housing shortage to explain current affordability challenges in real estate. However, with rising listings and inventories, the picture appears more nuanced. PulteGroup Inc. NYSE: PHM recently reported quarterly earnings, causing the stock to dip over 6% in one day, reflecting market concerns. ...
PulteGroup(PHM) - 2024 Q3 - Quarterly Report
2024-10-22 20:19
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 1-9804 PULTEGROUP, INC. (Exact name of registrant as specified in its charter) Michigan 38-2766606 (State or other jurisdiction of incorporation or organization) (I.R.S. Emp ...
PulteGroup's Q3 Earnings & Revenues Beat Estimates, Stock Up
ZACKS· 2024-10-22 17:16
PulteGroup Inc. (PHM) reported impressive results in the third quarter of 2024, wherein earnings and total revenues handily beat the Zacks Consensus Estimate and grew year over year. The quarter's result reflects the successful execution of the company's balanced spec and build-to-order operating model. This, alongside the structural shortage of homes from years of underbuilding, continued to favor the company. Thanks to such tailwinds, the home closings during the quarter grew year over year resulting in r ...
PulteGroup(PHM) - 2024 Q3 - Earnings Call Presentation
2024-10-22 16:14
Q3 2024 Operating & Financial Results October 22, 2024 Forward-Looking Statements This presentation includes "forward-looking statements." These statements are subject to a number of risks, uncertainties and other factors that could cause our actual results, performance, prospects or opportunities, as well as those of the markets we serve or intend to serve, to differ materially from those expressed in, or implied by, these statements. You can identify these statements by the fact that they do not relate to ...
PulteGroup(PHM) - 2024 Q3 - Earnings Call Transcript
2024-10-22 15:45
PulteGroup Inc. (NYSE:PHM) Q3 2024 Earnings Conference Call October 22, 2024 8:30 AM ET Company Participants James Zeumer - Vice President, Investor Relations Ryan Marshall - President and Chief Executive Officer Robert O'Shaughnessy - Executive Vice President and Chief Financial Officer Conference Call Participants John Lovallo - UBS Alan Ratner - Zelman & Associates Stephen Kim - Evercore ISI Anthony Pettinari - Citi Michael Rehaut - JPMorgan Michael Dahl - RBC Capital Markets Carl Reichardt - BTIG Trevor ...
PulteGroup (PHM) Reports Q3 Earnings: What Key Metrics Have to Say
ZACKS· 2024-10-22 15:01
For the quarter ended September 2024, PulteGroup (PHM) reported revenue of $4.48 billion, up 11.8% over the same period last year. EPS came in at $3.35, compared to $2.90 in the year-ago quarter. The reported revenue represents a surprise of +5.13% over the Zacks Consensus Estimate of $4.26 billion. With the consensus EPS estimate being $3.10, the EPS surprise was +8.06%. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine th ...
PulteGroup (PHM) Q3 Earnings and Revenues Surpass Estimates
ZACKS· 2024-10-22 12:45
PulteGroup (PHM) came out with quarterly earnings of $3.35 per share, beating the Zacks Consensus Estimate of $3.10 per share. This compares to earnings of $2.90 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 8.06%. A quarter ago, it was expected that this homebuilder would post earnings of $3.21 per share when it actually produced earnings of $3.58, delivering a surprise of 11.53%.Over the last four quarters, the company has ...
PulteGroup(PHM) - 2024 Q3 - Quarterly Results
2024-10-22 11:37
FOR IMMEDIATE RELEASE Company Contact Investors: Jim Zeumer (404) 978-6434 jim.zeumer@pultegroup.com PULTEGROUP REPORTS THIRD QUARTER 2024 FINANCIAL RESULTS • Earnings Increased 16% to $3.35 Per Share • Closings Increased 12% to 7,924 • Home Sale Revenues Increased 12% to $4.3 Billion • Home Sale Gross Margin of 28.8% • Net New Orders Totaled 7,031 Homes with a Value of $3.9 Billion • Unit Backlog of 12,089 Homes with a Value of $7.7 Billion • Repurchased $320 Million of Common Shares in the Quarter ATLANTA ...