PulteGroup (PHM) Q3 Earnings and Revenues Surpass Estimates

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]