PulteGroup (PHM) Stock Declines While Market Improves: Some Information for Investors

Company Performance - PulteGroup (PHM) closed at $116.24, with a slight decline of -0.08% from the previous trading session, underperforming the S&P 500's gain of 0.28% [1] - Over the past month, PulteGroup's shares increased by 1.96%, outperforming the Construction sector's gain of 0.98% but underperforming the S&P 500's gain of 3.78% [1] - The upcoming earnings report is scheduled for July 23, 2024, with projected earnings per share (EPS) of $3.20, indicating a 6.67% increase year-over-year, and a revenue estimate of $4.48 billion, reflecting a 6.9% rise from the same quarter last year [1] Analyst Estimates - For the full year, Zacks Consensus Estimates project earnings of $12.89 per share and revenue of $17.34 billion, showing increases of +9.98% and +7.94% respectively from the previous year [2] - Recent modifications to analyst estimates indicate changing business trends, with positive revisions reflecting optimism about the company's profitability [2] Valuation Metrics - PulteGroup has a Forward P/E ratio of 9.02, which is a premium compared to the industry's average Forward P/E of 8.94 [3] - The company holds a PEG ratio of 0.51, which is lower than the average PEG ratio of 0.85 for the Building Products - Home Builders industry [3] Industry Overview - The Building Products - Home Builders industry is part of the Construction sector and currently holds a Zacks Industry Rank of 97, placing it in the top 39% of over 250 industries [4] - The Zacks Industry Rank assesses the strength of industry groups, with the top 50% rated industries outperforming the bottom half by a factor of 2 to 1 [4]