PulteGroup Inc. (PHM) reported stellar results in first-quarter 2024, wherein earnings and revenues surpassed the Zacks Consensus Estimates.Also, both metrics increased year over year on favorable demand conditions and its balanced operating model, which allows the company to more effectively meet the individual needs of first-time, move-up and active-adult consumers.PHM’s president and CEO, Ryan Marshall, said, “Given PulteGroup’s broad operating platform and deep product portfolio, along with the powerful ...

PulteGroup Inc. (NYSE:PHM) Q1 2024 Earnings Conference Call April 23, 2024 8:30 AM ET Company Participants Ryan Marshall - President, Chief Executive Officer Robert O’Shaughnessy - Executive Vice President, Chief Financial Officer James Zeumer - Vice President, Investor Relations Conference Call Participants Stephen Kim - Evercore ISI Matthew Bouley - Barclays Carl Reichardt - BTIG Anthony Pettinari - Citi Andrew Azzi - JP Morgan John Lovallo - UBS Rafe Jadrosich - Bank of America Mike Dahl - RBC Capital M ...

For the quarter ended March 2024, PulteGroup (PHM) reported revenue of $3.95 billion, up 10.5% over the same period last year. EPS came in at $2.87, compared to $2.35 in the year-ago quarter.The reported revenue represents a surprise of +10.09% over the Zacks Consensus Estimate of $3.59 billion. With the consensus EPS estimate being $2.36, the EPS surprise was +21.61%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their ...

FOR IMMEDIATE RELEASE Company Contact Investors: Jim Zeumer (404) 978-6434 Email: jim.zeumer@pultegroup.com PULTEGROUP, INC. REPORTS FIRST QUARTER 2024 FINANCIAL RESULTS • Earnings Increased 32% to $3.10 Per Share • Home Sale Revenues Increased 10% to $3.8 Billion • Closings Increased 11% to 7,095 Homes • Home Sale Gross Margin Increased 50 Basis Points to 29.6% • Net New Orders Increased 14% to 8,379 Homes • Unit Backlog of 13,430 Homes with a Value of $8.2 Billion • Repurchased $246 Million of Common Shar ...

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 ...

The most recent trading session ended with PulteGroup (PHM) standing at $108.79, reflecting a -1.89% shift from the previouse trading day's closing. This change lagged the S&P 500's 1.2% loss on the day. Elsewhere, the Dow saw a downswing of 0.65%, while the tech-heavy Nasdaq depreciated by 1.79%.Shares of the homebuilder have depreciated by 0.01% over the course of the past month, outperforming the Construction sector's loss of 1.46% and the S&P 500's loss of 0.85%.Investors will be eagerly watching for th ...

When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?Let's take a look at what these Wall Street heavyweights have to say about PulteGroup (PHM) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.PulteGroup currently has an average brokerage recommendation ( ...