PulteGroup (PHM) Expected to Beat Earnings Estimates: Can the Stock Move Higher?

Company Overview - PulteGroup (PHM) is expected to report a year-over-year decline in earnings of 2.1%, with earnings projected at $3.21 per share, while revenues are anticipated to increase by 8.6$4.66 billion for the quarter ended December 2024 [3][12]. Earnings Expectations - The earnings report is scheduled for January 30, 2025, and could influence the stock price significantly depending on whether the actual results exceed or fall short of expectations [2][14]. - The consensus EPS estimate has been revised down by 0.43% over the last 30 days, indicating a reassessment by analysts [4]. Earnings Surprise Prediction - The Most Accurate Estimate for PulteGroup is higher than the Zacks Consensus Estimate, resulting in a positive Earnings ESP of +2.36%, suggesting a likelihood of beating the consensus EPS estimate [10][11]. - Historical performance shows that PulteGroup has beaten consensus EPS estimates in the last four quarters, with a notable surprise of +8.06% in the last reported quarter [12][13]. Industry Context - In the Zacks Building Products - Home Builders industry, Meritage Homes (MTH) is also expected to report earnings of $2.45 per share, reflecting a year-over-year decline of 8.9$1.57 billion [17]. - Meritage Homes has seen a significant upward revision of 11.8% in its consensus EPS estimate over the last 30 days, resulting in an Earnings ESP of 5.97%, indicating a strong likelihood of beating the consensus EPS estimate [18].