PulteGroup Inc. (PHM) reported stellar results in second-quarter 2024, wherein earnings and revenues handily beat the Zacks Consensus Estimate.In the second quarter of 2024, PulteGroup saw significant benefits from key factors driving its success. The company's balanced operating model resulted in increases in closings, average sales price, and gross margin, which collectively led to a 19.3% increase in earnings per share (EPS). Strong cash flows provided the flexibility to invest in business growth, return ...

krblokhin PulteGroup, Inc. (NYSE:PHM) has been a strong performer over the past year, rising over 55%, as the housing market has proven resilient amid substantially higher interest rates. On Tuesday, Pulte reported solid earnings, but shares dropped 2% in response, likely as its strong rally has caused some profit taking. I last covered Pulte in April, rating shares a buy. Since that recommendation, PHM has rallied 8%, a solid total return, but a bit below the market’s 9% rally. Seeking Alpha In the c ...

PulteGroup Inc. (NYSE:PHM) Q2 2024 Earnings Conference Call July 23, 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 James Ossowski - Senior Vice President, Finance Conference Call Participants Stephen Kim - Evercore ISI John Lovallo - UBS Anthony Pettinari - Citi Michael Rehaut - JPMorgan Rafe Jadrosich - Bank of America Alan Ratner - Zelma ...

PulteGroup (PHM) came out with quarterly earnings of $3.58 per share, beating the Zacks Consensus Estimate of $3.21 per share. This compares to earnings of $3 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 11.53%. A quarter ago, it was expected that this homebuilder would post earnings of $2.36 per share when it actually produced earnings of $2.87, delivering a surprise of 21.61%.Over the last four quarters, the company has s ...

FOR IMMEDIATE RELEASE Company Contact Investors: Jim Zeumer (404) 978-6434 Email: jim.zeumer@pultegroup.com PULTEGROUP REPORTS SECOND QUARTER 2024 FINANCIAL RESULTS • Earnings Increased 19% to $3.83 Per Share • Home Sale Revenues Increased 10% to $4.4 Billion • Closings Increased 8% to 8,097 Homes; Average Sales Price Increased 2% to $549,000 • Home Sale Gross Margin Increased 30 Basis Points to 29.9% • Net New Orders Totaled 7,649 Homes with a Value of $4.4 Billion • Unit Backlog of 12,982 Homes with a Val ...

PulteGroup, Inc.’s (PHM) Homebuilding segment, which accounted for more than 98% of total revenues in 2023, is expected to have increased year over year when PHM reports second-quarter 2024 results on Jul 23.Despite challenges, PulteGroup showcased a robust performance so far this year, witnessing a stock surge of 20.9%. This growth has outpaced the Zacks Building Products - Home Builders industry's increase of 16.2%. The company's strategic focus on entry-level buyers, liquidity management, resilient opera ...

PulteGroup Inc. (PHM) is scheduled to report second-quarter 2024 results on Jul 23, before the opening bell.In the first quarter of 2024, PulteGroup demonstrated strong resilience in a high-rate environment. The company exceeded expectations with a 21.6% beat in earnings per share (EPS) and 10.1% in revenues. Year over year, adjusted EPS and revenues grew 22.1% and 10.4%, respectively. Despite market challenges, PulteGroup saw a 14% rise in net orders, increased net pricing in half of its communities, and a ...

For Immediate ReleaseChicago, IL – July 17, 2024 – Today, Zacks Equity Research discusses D.R. Horton, Inc. (DHI) , PulteGroup, Inc. (PHM) , Meritage Homes Corp. (MTH) , KB Home (KBH) and M/I Homes, Inc. (MHO) .Industry: HomebuildingLink: https://www.zacks.com/commentary/2302639/5-stocks-to-watch-from-the-promising-homebuilding-industryThe lack of existing homes for sale in the market, along with a desire to own a home, has been driving demand for the U.S. housing space, defying the challenges associated wi ...

PulteGroup (PHM) closed the most recent trading day at $116.24, moving -0.08% from the previous trading session. This move lagged the S&P 500's daily gain of 0.28%. On the other hand, the Dow registered a gain of 0.53%, and the technology-centric Nasdaq increased by 0.4%.Shares of the homebuilder witnessed a gain of 1.96% over the previous month, beating the performance of the Construction sector with its gain of 0.98% and underperforming the S&P 500's gain of 3.78%.The investment community will be closely ...

PulteGroup, Inc. (PHM) shares, like other builders, have pulled back slightly in recent times, given concerns over mortgage rates. PHM shares have lost 11% in the past month amid a challenging borrowing costs landscape.Even shares of a few prominent players in the industry like D.R. Horton (DHI) , Lennar (LEN) and Toll Brothers (TOL) have lost 8.4%, 11.2% and 8.2%, respectively, in the past month. The Zacks Building Products - Home Builders industry has declined 5%. However, the S&P 500 Index has risen 3.4% ...