PulteGroup Gears to Report Q4 Earnings: Here's What to Expect

Core Viewpoint - PulteGroup Inc. is expected to report its fourth-quarter 2025 results on January 29, with anticipated declines in both earnings per share (EPS) and total revenues compared to the previous year [1][2] Revenue Performance - The Zacks Consensus Estimate for PulteGroup's fourth-quarter EPS has decreased to $2.78, reflecting a 20.6% decline from the year-ago EPS of $3.50 [2] - Total revenues are projected at $4.31 billion, indicating a 12.4% year-over-year decline, primarily due to ongoing affordability challenges in the housing market and high mortgage rates [2][3] Home Closings and Segment Performance - Home closings are expected to be between 7,200 and 7,600 units, down from 8,103 units a year ago, with a predicted decline of 8.3% year over year to 7,429 units [4] - Homebuilding revenues are forecasted to decrease 12.2% year over year to $4.22 billion, while Financial Services revenues are expected to drop 4.4% to $110 million [5] Pricing and Margins - The average selling price (ASP) for the quarter is anticipated to be between $560,000 and $570,000, down from $581,000 a year ago, with a predicted decrease of 3.3% year over year to $561,700 [6] - Home sales gross margin is expected to be between 25.5% and 26%, down from 27.5% in the previous year, with SG&A expenses projected to rise to between 9.5% and 9.7% [9] Orders and Backlogs - Net new orders are expected to decline by 0.9% year over year to 6,114 units, while total backlog is projected to decrease by 15.6% to 8,572 units, with a total backlog value of $5.49 billion, down 15.5% year over year [10] Earnings Prediction - The model does not predict an earnings beat for PulteGroup this quarter, with an Earnings ESP of +2.10% and a Zacks Rank of 4 (Sell) [11]