As the Federal Reserve announced its long-anticipated rate cut, markets are abuzz with the potential impact on the housing sector. PulteGroup Inc. (PHM) , a leading U.S. homebuilder, finds itself at an intriguing juncture as investors speculate how this policy shift might influence housing demand, construction activity, and ultimately, PulteGroup’s stock performance.The Federal Reserve announced a quarter-point reduction in its benchmark interest rate yesterday, lowering it to a range of 4.5% to 4.75%. This ...

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Group 1 - PulteGroup's shares fell by 7% following disappointing Q3 earnings [1] - The Federal Reserve's 50 basis point rate cut has not positively impacted the housing sector, with mortgage rates actually increasing [1]

PulteGroup Today PHM PulteGroup $133.78 -10.48 (-7.26%) 52-Week Range $68.80 ▼ $149.47 Dividend Yield 0.60% P/E Ratio 10.20 Price Target $141.14 Add to Watchlist There are discussions in mainstream media suggesting a housing shortage to explain current affordability challenges in real estate. However, with rising listings and inventories, the picture appears more nuanced. PulteGroup Inc. NYSE: PHM recently reported quarterly earnings, causing the stock to dip over 6% in one day, reflecting market concerns. ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 1-9804 PULTEGROUP, INC. (Exact name of registrant as specified in its charter) Michigan 38-2766606 (State or other jurisdiction of incorporation or organization) (I.R.S. Emp ...

PulteGroup Inc. (PHM) reported impressive results in the third quarter of 2024, wherein earnings and total revenues handily beat the Zacks Consensus Estimate and grew year over year. The quarter's result reflects the successful execution of the company's balanced spec and build-to-order operating model. This, alongside the structural shortage of homes from years of underbuilding, continued to favor the company. Thanks to such tailwinds, the home closings during the quarter grew year over year resulting in r ...

Q3 2024 Operating & Financial Results October 22, 2024 Forward-Looking Statements This presentation includes "forward-looking statements." These statements are subject to a number of risks, uncertainties and other factors that could cause our actual results, performance, prospects or opportunities, as well as those of the markets we serve or intend to serve, to differ materially from those expressed in, or implied by, these statements. You can identify these statements by the fact that they do not relate to ...

PulteGroup Inc. (NYSE:PHM) Q3 2024 Earnings Conference Call October 22, 2024 8:30 AM ET Company Participants James Zeumer - Vice President, Investor Relations Ryan Marshall - President and Chief Executive Officer Robert O'Shaughnessy - Executive Vice President and Chief Financial Officer Conference Call Participants John Lovallo - UBS Alan Ratner - Zelman & Associates Stephen Kim - Evercore ISI Anthony Pettinari - Citi Michael Rehaut - JPMorgan Michael Dahl - RBC Capital Markets Carl Reichardt - BTIG Trevor ...

Core Insights - PulteGroup reported revenue of $4.48 billion for the quarter ended September 2024, reflecting an 11.8% increase year-over-year [1] - Earnings per share (EPS) for the quarter was $3.35, up from $2.90 in the same quarter last year [1] - The reported revenue exceeded the Zacks Consensus Estimate of $4.26 billion by 5.13%, while the EPS surpassed the consensus estimate of $3.10 by 8.06% [1] Financial Performance Metrics - Key financial metrics are essential for assessing the company's health and projecting stock performance [1] - The average estimate for income before income taxes in Financial Services was $47.76 million, with actual results reported at $54.93 million [2] - PulteGroup's stock has returned +0.5% over the past month, compared to a +2.8% change in the Zacks S&P 500 composite [2]

Company Performance - PulteGroup reported quarterly earnings of $3.35 per share, exceeding the Zacks Consensus Estimate of $3.10 per share, and up from $2.90 per share a year ago, representing an earnings surprise of 8.06% [1] - The company achieved revenues of $4.48 billion for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 5.13%, compared to $4 billion in the same quarter last year [1] - Over the last four quarters, PulteGroup has consistently surpassed consensus EPS estimates four times and revenue estimates three times [1] Stock Performance - PulteGroup shares have increased approximately 39.8% since the beginning of the year, outperforming the S&P 500's gain of 22.7% [2] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the market in the near future [4] Future Outlook - The current consensus EPS estimate for the upcoming quarter is $3.39 on revenues of $4.62 billion, and for the current fiscal year, it is $13.36 on revenues of $17.43 billion [4] - The estimate revisions trend for PulteGroup is mixed, and changes in estimates for the coming quarters are anticipated following the recent earnings report [4] Industry Context - The Building Products - Home Builders industry is currently in the top 40% of over 250 Zacks industries, suggesting a favorable outlook compared to the bottom 50% [5] - Meritage Homes, another company in the same industry, is expected to report quarterly earnings of $5.05 per share, reflecting a year-over-year decline of 15.6% [5]