- PulteGroup reported third-quarter revenue of $4.48 billion, which represents a 12% increase compared to the same period last year and surpassed estimates of $4.27 billion.
- The company’s Earnings Per Share (EPS) was reported at $3.35, an improvement from $2.90 in the previous year.
- PulteGroup closed 7,924 homes during the quarter, marking a 12% year-over-year increase and exceeding the estimated 7,640 homes.
- Net new orders slightly declined by 0.5% year-over-year, totaling 7,031, but still came in above the estimate of 6,969.
- Pretax profit rose to $906.2 million, a 6.9% increase from last year, beating the projected $867.7 million.
- Analyst ratings for PulteGroup include 9 buy recommendations, 8 hold, and no sell recommendations as of now.
A look at Pultegroup Inc Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 2 | |
| Growth | 4 | |
| Resilience | 3 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.4 |
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
Looking at PulteGroup Inc’s Smart Scores, the company’s long-term outlook appears promising. With a solid score of 4 in Growth and a high score of 5 in Momentum, PulteGroup shows good potential for expansion and strong market performance. Additionally, the company rates a respectable 3 in Value, indicating reasonable valuation compared to its peers. PulteGroup’s operations in various U.S. markets and Puerto Rico position it well for continued growth and success in the housing industry.
PulteGroup Inc, a company engaged in selling and constructing homes, as well as developing residential land and active adult communities, seems well-positioned for growth based on its Smart Scores. With a balanced score of 3 in Resilience and a score of 2 in Dividend, PulteGroup demonstrates stability and potential returns for investors. By offering mortgage financing and other services to homebuyers, PulteGroup further diversifies its revenue streams and strengthens its market presence. Overall, the outlook for PulteGroup Inc appears positive for the long term, backed by its strong performance in key areas.
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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