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PulteGroup Inc. (PHM - Free Report) is one of the leading homebuilders in the United States. The company caters to all major customer segments: first-time, move-up and active adult, in several markets across the United States. 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 2018 earnings estimate for PHM have remained stable 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 10.4%.
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 74 cents per share, and the company reported earnings of 89 cents.
Revenues: PulteGroup reported revenues of $2.57 billion, that surpassed the consensus estimate of $2.37 billion.
Key Stats to Note: Net new orders declined less than 1% to 6,341 homes in the quarter.
Check back later for our full write up on this PulteGroup earnings report later!
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
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PulteGroup (PHM) Tops Q2 Earnings & Revenue Estimates
PulteGroup Inc. (PHM - Free Report) is one of the leading homebuilders in the United States. The company caters to all major customer segments: first-time, move-up and active adult, in several markets across the United States. 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 2018 earnings estimate for PHM have remained stable 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 10.4%.
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 analysts’ expectations. The Zacks Consensus Estimate called for EPS of 74 cents per share, and the company reported earnings of 89 cents.
Revenues: PulteGroup reported revenues of $2.57 billion, that surpassed the consensus estimate of $2.37 billion.
Key Stats to Note: Net new orders declined less than 1% to 6,341 homes in the quarter.
PulteGroup, Inc. Price and EPS Surprise
PulteGroup, Inc. Price and EPS Surprise | PulteGroup, Inc. Quote
Check back later for our full write up on this PulteGroup earnings report later!
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
See Zacks' 3 Best Stocks to Play This Trend >>