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PulteGroup (PHM) Gains As Market Dips: What You Should Know
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In the latest trading session, PulteGroup (PHM - Free Report) closed at $39.63, marking a +0.1% move from the previous day. This move outpaced the S&P 500's daily loss of 0.88%. Elsewhere, the Dow lost 0.82%, while the tech-heavy Nasdaq added 0.08%.
Heading into today, shares of the homebuilder had lost 11.87% over the past month, outpacing the Construction sector's loss of 14.09% and lagging the S&P 500's loss of 8.06% in that time.
Investors will be hoping for strength from PulteGroup as it approaches its next earnings release, which is expected to be July 26, 2022. On that day, PulteGroup is projected to report earnings of $2.59 per share, which would represent year-over-year growth of 50.58%. Meanwhile, our latest consensus estimate is calling for revenue of $4.06 billion, up 20.83% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of $10.65 per share and revenue of $16.75 billion, which would represent changes of +45.89% and +20.28%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for PulteGroup. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.59% lower. PulteGroup is holding a Zacks Rank of #3 (Hold) right now.
Valuation is also important, so investors should note that PulteGroup has a Forward P/E ratio of 3.72 right now. For comparison, its industry has an average Forward P/E of 3.17, which means PulteGroup is trading at a premium to the group.
Investors should also note that PHM has a PEG ratio of 0.61 right now. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. PHM's industry had an average PEG ratio of 0.45 as of yesterday's close.
The Building Products - Home Builders industry is part of the Construction sector. This industry currently has a Zacks Industry Rank of 97, which puts it in the top 39% 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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PulteGroup (PHM) Gains As Market Dips: What You Should Know
In the latest trading session, PulteGroup (PHM - Free Report) closed at $39.63, marking a +0.1% move from the previous day. This move outpaced the S&P 500's daily loss of 0.88%. Elsewhere, the Dow lost 0.82%, while the tech-heavy Nasdaq added 0.08%.
Heading into today, shares of the homebuilder had lost 11.87% over the past month, outpacing the Construction sector's loss of 14.09% and lagging the S&P 500's loss of 8.06% in that time.
Investors will be hoping for strength from PulteGroup as it approaches its next earnings release, which is expected to be July 26, 2022. On that day, PulteGroup is projected to report earnings of $2.59 per share, which would represent year-over-year growth of 50.58%. Meanwhile, our latest consensus estimate is calling for revenue of $4.06 billion, up 20.83% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of $10.65 per share and revenue of $16.75 billion, which would represent changes of +45.89% and +20.28%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for PulteGroup. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.59% lower. PulteGroup is holding a Zacks Rank of #3 (Hold) right now.
Valuation is also important, so investors should note that PulteGroup has a Forward P/E ratio of 3.72 right now. For comparison, its industry has an average Forward P/E of 3.17, which means PulteGroup is trading at a premium to the group.
Investors should also note that PHM has a PEG ratio of 0.61 right now. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. PHM's industry had an average PEG ratio of 0.45 as of yesterday's close.
The Building Products - Home Builders industry is part of the Construction sector. This industry currently has a Zacks Industry Rank of 97, which puts it in the top 39% 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.