PulteGroup (PHM) came out with quarterly earnings of $3.28 per share, beating the Zacks Consensus Estimate of $3.20 per share. This compares to earnings of $3.63 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 2.50%. A quarter ago, it was expected that this homebuilder would post earnings of $2.78 per share when it actually produced earnings of $2.90, delivering a surprise of 4.32%.Over the last four quarters, the company has ...

ATLANTA--(BUSINESS WIRE)--PulteGroup, Inc. (NYSE: PHM) announced today financial results for its fourth quarter ended December 31, 2023. For the quarter, the Company reported net income of $711 million, or $3.28 per share, compared to prior year reported net income of $882 million, or $3.85 per share. “ PulteGroup’s strong fourth quarter financial results complete a record setting year, while the 57% increase in net new orders provides tremendous momentum heading into 2024,” said Ryan Marshall, PulteGroup ...

PulteGroup (PHM) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.Over the past month, shares of this homebuilder have returned +1.6%, compared to the Zacks S&P 500 composite's +3.1% change. During this period, the Zacks Building Products - Home Builders industry, which PulteGroup falls in, has lost 0.8%. The key question now is: What could be the stock's future direction?While m ...

PulteGroup, Inc.’s (PHM) Homebuilding segment, accounting for more than 98% of total revenues, is expected to have decreased year over year when PHM reports fourth-quarter 2023 results on Jan 30.PulteGroup has exhibited a solid performance over the past six months, with the stock rising 25.6%, outperforming the Zacks Building Products - Home Builders industry’s 14.7% increase. It has been benefiting from its focus on entry-level buyers and liquidity protection, prudent management of cash flows and land inve ...

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In its upcoming report, PulteGroup (PHM) is predicted by Wall Street analysts to post quarterly earnings of $3.20 per share, reflecting a decline of 11.9% compared to the same period last year. Revenues are forecasted to be $4.48 billion, representing a year-over-year decrease of 13.3%.Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted downward by 0.1% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during t ...

PulteGroup Inc. (PHM) is scheduled to report fourth-quarter 2023 results on Jan 30, before the opening bell.In the last reported quarter, the company’s earnings per share (EPS) beat the Zacks Consensus Estimate by 4.3% but revenues missed the same by 1%. Adjusted EPS and revenues increased 7.8% and 2.8% on a year-over-year basis, respectively.PulteGroup’s earnings topped the consensus mark in all the trailing four quarters, the average surprise being 21%.Trend in Estimate RevisionThe Zacks Consensus Estimat ...

The market expects PulteGroup (PHM) to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended December 2023. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released o ...

The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price. Do they really matter, though?Let's take a look at what these Wall Street heavyweights have to say about PulteGroup (PHM) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.PulteGroup currently has an aver ...

TUCSON, Ariz.--(BUSINESS WIRE)--Del Webb, the nation’s leading builder of active adult communities for those 55 and older, will grand open its newest community, Del Webb Rocking K, on Saturday, January 20th. Join us from 11am-1pm for food trucks, entertainment, and giveaways while you tour 6 brand new model homes. Nestled in the scenic foothills of the Rincon Mountains, Del Webb at Rocking K is a resort-style community offering the best of Arizona living. “This isn't just a community – it's a Tucson mast ...