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PulteGroup (PHM) Gains But Lags Market: What You Should Know
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PulteGroup (PHM - Free Report) closed the most recent trading day at $49.06, moving +0.14% from the previous trading session. This move lagged the S&P 500's daily gain of 0.7%. Elsewhere, the Dow gained 0.32%, while the tech-heavy Nasdaq added 1.23%.
Heading into today, shares of the homebuilder had gained 7.74% over the past month, outpacing the Construction sector's gain of 3.47% and the S&P 500's gain of 0.18% in that time.
PHM will be looking to display strength as it nears its next earnings release. In that report, analysts expect PHM to post earnings of $1.20 per share. This would mark year-over-year growth of 62.16%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $2.91 billion, up 26.75% from the year-ago period.
PHM's full-year Zacks Consensus Estimates are calling for earnings of $6.15 per share and revenue of $13.64 billion. These results would represent year-over-year changes of +18.73% and +23.56%, respectively.
Investors might also notice recent changes to analyst estimates for PHM. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. PHM is holding a Zacks Rank of #3 (Hold) right now.
Valuation is also important, so investors should note that PHM has a Forward P/E ratio of 7.97 right now. For comparison, its industry has an average Forward P/E of 8.86, which means PHM is trading at a discount to the group.
We can also see that PHM currently has a PEG ratio of 0.84. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. Building Products - Home Builders stocks are, on average, holding a PEG ratio of 0.73 based on yesterday's closing prices.
The Building Products - Home Builders industry is part of the Construction sector. This group has a Zacks Industry Rank of 32, putting it in the top 13% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow PHM in the coming trading sessions, be sure to utilize Zacks.com.
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PulteGroup (PHM) Gains But Lags Market: What You Should Know
PulteGroup (PHM - Free Report) closed the most recent trading day at $49.06, moving +0.14% from the previous trading session. This move lagged the S&P 500's daily gain of 0.7%. Elsewhere, the Dow gained 0.32%, while the tech-heavy Nasdaq added 1.23%.
Heading into today, shares of the homebuilder had gained 7.74% over the past month, outpacing the Construction sector's gain of 3.47% and the S&P 500's gain of 0.18% in that time.
PHM will be looking to display strength as it nears its next earnings release. In that report, analysts expect PHM to post earnings of $1.20 per share. This would mark year-over-year growth of 62.16%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $2.91 billion, up 26.75% from the year-ago period.
PHM's full-year Zacks Consensus Estimates are calling for earnings of $6.15 per share and revenue of $13.64 billion. These results would represent year-over-year changes of +18.73% and +23.56%, respectively.
Investors might also notice recent changes to analyst estimates for PHM. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. PHM is holding a Zacks Rank of #3 (Hold) right now.
Valuation is also important, so investors should note that PHM has a Forward P/E ratio of 7.97 right now. For comparison, its industry has an average Forward P/E of 8.86, which means PHM is trading at a discount to the group.
We can also see that PHM currently has a PEG ratio of 0.84. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. Building Products - Home Builders stocks are, on average, holding a PEG ratio of 0.73 based on yesterday's closing prices.
The Building Products - Home Builders industry is part of the Construction sector. This group has a Zacks Industry Rank of 32, putting it in the top 13% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow PHM in the coming trading sessions, be sure to utilize Zacks.com.