- PulteGroup’s revenue for the second quarter reached $4.60 billion, a 9.8% increase year-over-year, surpassing the estimate of $4.51 billion.
- Earnings per share (EPS) stood at $3.83, up from $3.21 year-over-year.
- The number of homes closed was 8,097, a 7.7% increase year-over-year, beating the estimate of 8,043.
- Net new orders were 7,649, representing a decline of 3.7% year-over-year and falling short of the estimate of 8,392.
- Pretax profit was $1.05 billion, a 10% increase year-over-year, exceeding the estimate of $914.7 million.
- Analysts show confidence with 12 buy ratings, 5 hold ratings, and no sell ratings on the stock.
A look at Pultegroup Inc Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 2 | |
| Growth | 4 | |
| Resilience | 3 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.2 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
PulteGroup Inc. is positioned for solid long-term growth as indicated by its strong Smart Scores across various key factors. With a Growth score of 4 and Momentum score of 4, the company demonstrates promising indications for future expansion and market performance. PulteGroup’s operations in various markets across the United States and Puerto Rico provide a diversified base for sustained growth.
While the company’s Dividend score is at a moderate 2, its Value and Resilience scores both stand at a respectable 3. This suggests that PulteGroup Inc. may offer good value for investors with a strong potential for weathering market challenges. Overall, the Smart Scores point to a positive outlook for PulteGroup Inc., highlighting its growth potential and ability to adapt to market conditions in the long run.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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