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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 2017 earnings estimate for PHM has moved downward by 1% over the last 30 days. However, PHM has a positive earnings history. The homebuilding company has posted positive earnings surprise in all of the past four quarters, with an average positive surprise of 7.67%.
We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: PulteGroup’s adjusted earnings surpassed analysts’ expectations. The Zacks Consensus Estimate called for EPS of 59 cents per share, and the company reported adjusted earnings of 60 cents.
Revenues: PulteGroup reported revenues of $2.13 billion, which missed the consensus estimate of $2.33 billion.
Key Stats to Note: Net new orders increased 11% to 5,300 homes in the quarter.
Check back later for our full write up on this PulteGroup earnings report later!
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PulteGroup (PHM) Tops Q3 Earnings, Misses 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 2017 earnings estimate for PHM has moved downward by 1% over the last 30 days. However, PHM has a positive earnings history. The homebuilding company has posted positive earnings surprise in all of the past four quarters, with an average positive surprise of 7.67%.
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.
PulteGroup, Inc. Price and EPS Surprise
PulteGroup, Inc. Price and EPS Surprise | PulteGroup, Inc. Quote
We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: PulteGroup’s adjusted earnings surpassed analysts’ expectations. The Zacks Consensus Estimate called for EPS of 59 cents per share, and the company reported adjusted earnings of 60 cents.
Revenues: PulteGroup reported revenues of $2.13 billion, which missed the consensus estimate of $2.33 billion.
Key Stats to Note: Net new orders increased 11% to 5,300 homes in the quarter.
Check back later for our full write up on this PulteGroup earnings report later!
Today's Stocks from Zacks' Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +18.8% from 2016 - Q1 2017, our top stock-picking screens have returned +157.0%, +128.0%, +97.8%, +94.7%, and +90.2% respectively.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - Q1 2017, the composite yearly average gain for these strategies has beaten the market more than 11X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.
See Them Free>>