Key PointsPulteGroup struggled in Q4, but normalization and growth are in the forecast.Despite the top-line decline, the company generated ample cash flow and free cash flow. Capital returns include share repurchases and dividends; share repurchases account for 6% of the float in 2023. 5 stocks we like better than PulteGroupPulteGroup Inc.'s NYSE: PHM share price surged on its Q4 results and guidance but quickly pulled back as profit takers took advantage of the move. The resulting candle suggests a top is ...

PulteGroup Inc. (NYSE:PHM) Q4 2023 Earnings Conference Call January 30, 2024 8:30 AM ET Company Participants Ryan Marshall - President & CEO Bob O’Shaughnessy - EVP & CFO Jim Ossowski - SVP, Finance Jim Zeumer - VP, IR Conference Call Participants Carl Reichardt - BTIG Matthew Bouley - Barclays John Lovallo - UBS Stephen Kim - Evercore ISI Joe Ahlersmeyer - Deutsche Bank Michael Rehaut - J.P. Morgan Sam Reid - Wells Fargo Ken Zener - Seaport Research Partners Alan Ratner - Zelman & Associates Susan Maklari ...

PulteGroup Inc. (PHM) reported mixed results in fourth-quarter 2023, wherein earnings surpassed the Zacks Consensus Estimates, but revenues missed the same. Both metrics decreased year over year. Shares of this notable homebuilder lost more than 1% following the earnings release on Jan 30.Nonetheless, during the latter part of the fourth quarter, PulteGroup observed a notable surge in buyer activity, mainly attributed to declining interest rates. December emerged as the quarter's peak sales month. With the ...

For the quarter ended December 2023, PulteGroup (PHM) reported revenue of $4.29 billion, down 17% over the same period last year. EPS came in at $3.28, compared to $3.63 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $4.48 billion, representing a surprise of -4.20%. The company delivered an EPS surprise of +2.50%, with the consensus EPS estimate being $3.20.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how th ...

Q4 2023 Operating and Financial Results Forward-Looking Statements As a cautionary note, except for the historical information contained herein, this presentation contains “forward-looking” statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking 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 ...

PulteGroup (PHM) came out with quarterly earnings of $3.28 per share, beating the Zacks Consensus Estimate of $3.20 per share. This compares to earnings of $3.63 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 2.50%. A quarter ago, it was expected that this homebuilder would post earnings of $2.78 per share when it actually produced earnings of $2.90, delivering a surprise of 4.32%.Over the last four quarters, the company has ...

ATLANTA--(BUSINESS WIRE)--PulteGroup, Inc. (NYSE: PHM) announced today financial results for its fourth quarter ended December 31, 2023. For the quarter, the Company reported net income of $711 million, or $3.28 per share, compared to prior year reported net income of $882 million, or $3.85 per share. “ PulteGroup’s strong fourth quarter financial results complete a record setting year, while the 57% increase in net new orders provides tremendous momentum heading into 2024,” said Ryan Marshall, PulteGroup ...

PulteGroup (PHM) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.Over the past month, shares of this homebuilder have returned +1.6%, compared to the Zacks S&P 500 composite's +3.1% change. During this period, the Zacks Building Products - Home Builders industry, which PulteGroup falls in, has lost 0.8%. The key question now is: What could be the stock's future direction?While m ...

PulteGroup, Inc.’s (PHM) Homebuilding segment, accounting for more than 98% of total revenues, is expected to have decreased year over year when PHM reports fourth-quarter 2023 results on Jan 30.PulteGroup has exhibited a solid performance over the past six months, with the stock rising 25.6%, outperforming the Zacks Building Products - Home Builders industry’s 14.7% increase. It has been benefiting from its focus on entry-level buyers and liquidity protection, prudent management of cash flows and land inve ...

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