PulteGroup (PHM) Q2 Earnings: How Key Metrics Compare to Wall Street Estimates

Core Insights - PulteGroup reported $4.4 billion in revenue for Q2 2025, a year-over-year decline of 4.3%, with EPS at $3.03 compared to $3.58 a year ago, indicating a slight revenue surprise of +0.8% over estimates [1] - The company’s stock has returned +3.6% over the past month, underperforming the Zacks S&P 500 composite's +5.9% change, and currently holds a Zacks Rank 4 (Sell) [3] Financial Performance Metrics - Average Selling Price was $559.00, below the average estimate of $565.10 [4] - Net New Orders in Units totaled 7,083, falling short of the estimated 7,355 [4] - Closings (units) reached 7,639, exceeding the average estimate of 7,509 [4] - Unit Backlog stood at 10,779, below the average estimate of 11,181 [4] - Backlog Value was $6.84 billion, lower than the estimated $7.27 billion [4] - Net New Orders (Value) totaled $3.89 billion, compared to the estimated $4.3 billion [4] Revenue Breakdown - Home sale revenues were $4.27 billion, slightly above the estimated $4.23 billion, but represented a -4.1% change year-over-year [4] - Financial Services revenues were $101.16 million, below the estimated $108.69 million, reflecting a -9.4% change year-over-year [4] - Homebuilding revenues were $4.3 billion, slightly above the estimated $4.26 billion, also showing a -4.1% change year-over-year [4] - Land sale revenues were $34.62 million, below the average estimate of $40.17 million, indicating a -13.1% change year-over-year [4] Income Metrics - Income before income taxes for Financial Services was $42.8 million, compared to the average estimate of $53.19 million [4] - Income before income taxes for Homebuilding was $764.36 million, exceeding the average estimate of $748.36 million [4]