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PulteGroup Inc. (PHM - Free Report) is one of the leading homebuilders in the U.S. The company caters to all major customer segments: first-time, move-up and active adult, in several markets across the U.S. The brand portfolio under the segment includes Centex, Pulte Homes, Del Webb, DiVosta Homes and John Wieland Homes and Neighborhoods.
Investors should also note that earnings estimate movement for PHM has been stable for the last 60 days. Moreover, PHM has a positive earnings history. The homebuilding company has posted three positive earnings surprise in the past four quarters, with an average positive surprise of 13.5%.
We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: PulteGroup’s adjusted earnings surpassed our estimates. Our consensus earnings estimate called for EPS of 28 cents per share, and the company reported adjusted earnings of 31 cents.
Revenues: PulteGroup reported revenues of $1.63 billion, which missed our consensus estimate of $1.77 billion.
Key Stats to Note: Number of homes closed increased 7% in the quarter.
Share Price Movement: Shares were down 1.6% in pre market trading, at the time of writing.
Check back later for our full write up on this PulteGroup earnings report later!
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PulteGroup (PHM) Tops Q1 Earnings, Lags Revenue Estimates
PulteGroup Inc. (PHM - Free Report) is one of the leading homebuilders in the U.S. The company caters to all major customer segments: first-time, move-up and active adult, in several markets across the U.S. The brand portfolio under the segment includes Centex, Pulte Homes, Del Webb, DiVosta Homes and John Wieland Homes and Neighborhoods.
Investors should also note that earnings estimate movement for PHM has been stable for the last 60 days. Moreover, PHM has a positive earnings history. The homebuilding company has posted three positive earnings surprise in the past four quarters, with an average positive surprise of 13.5%.
Currently, PulteGroup has a Zacks Rank #3 (Hold), but that could definitely change following PulteGroup earnings report which was just released. You can see the complete list of today’s Zacks #1 Rank(Strong Buy)stocks here.
We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: PulteGroup’s adjusted earnings surpassed our estimates. Our consensus earnings estimate called for EPS of 28 cents per share, and the company reported adjusted earnings of 31 cents.
PulteGroup, Inc. Price and EPS Surprise
PulteGroup, Inc. Price and EPS Surprise | PulteGroup, Inc. Quote
Revenues: PulteGroup reported revenues of $1.63 billion, which missed our consensus estimate of $1.77 billion.
Key Stats to Note: Number of homes closed increased 7% in the quarter.
Share Price Movement: Shares were down 1.6% in pre market trading, at the time of writing.
Check back later for our full write up on this PulteGroup earnings report later!
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020. Click here for the 6 trades >>