- The first quarter revenue of PulteGroup surpassed estimates, reaching $3.95 billion, a 13% increase year-on-year (y/y), outdoing the estimated $3.6 billion.
- Earnings per share (EPS) of PulteGroup increased to $3.10 from $2.35 in the same period last year.
- The company managed to close 7,095 homes in the quarter, marking an 11% y/y growth and beating the estimate of 6,443 homes.
- Net new orders received in the quarter were 8,379, up 14% from the same period last year, but slightly lower than the estimated 8,511 orders.
- Pretax profit for PulteGroup during the period was $868.6 million, a notable 24% y/y growth, surpassing the estimated $665.5 million.
- The PulteGroup commentary points out that due to its broad operating platform and extensive product portfolio, coupled with incentive programs to improve affordability, they are well positioned to expand market share and contribute to the supply of new housing stock.
- Analysts ratings for PulteGroup stands at 12 buys, 6 holds, and 0 sells.
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. shows promise for long-term growth with solid Smartkarma Smart Scores across key factors. The company’s high scores in Growth and Momentum indicate a positive outlook for its future performance. PulteGroup’s focus on developing and selling homes, land, and communities, along with providing ancillary services like mortgage financing, positions it for continued expansion and success in the housing market.
While PulteGroup’s scores in Value, Dividend, and Resilience are slightly lower, the overall trend leans towards an optimistic projection. With operations spread across various markets in the U.S. and Puerto Rico, PulteGroup is well-positioned to capitalize on opportunities for growth and innovation in the residential real estate sector.
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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