We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
PulteGroup (PHM) Gains As Market Dips: What You Should Know
Read MoreHide Full Article
PulteGroup (PHM - Free Report) closed at $74.88 in the latest trading session, marking a +1.86% move from the prior day. The stock outpaced the S&P 500's daily loss of 0.47%. Meanwhile, the Dow lost 0.72%, and the Nasdaq, a tech-heavy index, lost 5.08%.
Coming into today, shares of the homebuilder had gained 9.03% in the past month. In that same time, the Construction sector gained 7.03%, while the S&P 500 gained 5.36%.
PulteGroup will be looking to display strength as it nears its next earnings release, which is expected to be July 25, 2023. In that report, analysts expect PulteGroup to post earnings of $2.44 per share. This would mark a year-over-year decline of 10.62%. Meanwhile, our latest consensus estimate is calling for revenue of $3.92 billion, down 0.06% from the prior-year quarter.
PHM's full-year Zacks Consensus Estimates are calling for earnings of $9.22 per share and revenue of $15.1 billion. These results would represent year-over-year changes of -14.63% and -6.97%, respectively.
Investors might also notice recent changes to analyst estimates for PulteGroup. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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 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. The Zacks Consensus EPS estimate has moved 0.98% higher within the past month. PulteGroup is currently sporting a Zacks Rank of #1 (Strong Buy).
Digging into valuation, PulteGroup currently has a Forward P/E ratio of 7.97. This represents a discount compared to its industry's average Forward P/E of 9.66.
We can also see that PHM currently has a PEG ratio of 0.5. 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. PHM's industry had an average PEG ratio of 0.8 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 17, which puts it in the top 7% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.
You can find more information on all of these metrics, and much more, on Zacks.com.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
PulteGroup (PHM) Gains As Market Dips: What You Should Know
PulteGroup (PHM - Free Report) closed at $74.88 in the latest trading session, marking a +1.86% move from the prior day. The stock outpaced the S&P 500's daily loss of 0.47%. Meanwhile, the Dow lost 0.72%, and the Nasdaq, a tech-heavy index, lost 5.08%.
Coming into today, shares of the homebuilder had gained 9.03% in the past month. In that same time, the Construction sector gained 7.03%, while the S&P 500 gained 5.36%.
PulteGroup will be looking to display strength as it nears its next earnings release, which is expected to be July 25, 2023. In that report, analysts expect PulteGroup to post earnings of $2.44 per share. This would mark a year-over-year decline of 10.62%. Meanwhile, our latest consensus estimate is calling for revenue of $3.92 billion, down 0.06% from the prior-year quarter.
PHM's full-year Zacks Consensus Estimates are calling for earnings of $9.22 per share and revenue of $15.1 billion. These results would represent year-over-year changes of -14.63% and -6.97%, respectively.
Investors might also notice recent changes to analyst estimates for PulteGroup. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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 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. The Zacks Consensus EPS estimate has moved 0.98% higher within the past month. PulteGroup is currently sporting a Zacks Rank of #1 (Strong Buy).
Digging into valuation, PulteGroup currently has a Forward P/E ratio of 7.97. This represents a discount compared to its industry's average Forward P/E of 9.66.
We can also see that PHM currently has a PEG ratio of 0.5. 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. PHM's industry had an average PEG ratio of 0.8 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 17, which puts it in the top 7% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.
You can find more information on all of these metrics, and much more, on Zacks.com.