- PulteGroup reported a revenue of $4.40 billion for the second quarter, closely aligning with the market estimate of $4.39 billion, though marking a 4.3% year-over-year decrease.
- Earnings per share (EPS) dropped to $3.03 from $3.83 in the previous year.
- The company closed 7,639 homes, slightly exceeding the estimate of 7,533 homes, but reflecting a 5.7% decline compared to the previous year.
- The backlog value stood at $6.84 billion, under the expected $7.02 billion and down 16% year-over-year.
- The backlog in terms of units amounted to 10,779, which fell short of the estimated 11,060 units, also decreasing by 17% from the previous year.
- Net new orders were reported at 7,083, missing the estimate of 7,258 by 7.4% year-over-year.
- PulteGroup’s pretax profit was $807.2 million, exceeding the forecasted $789.1 million but showing a 23% decrease year-over-year.
- Analyst ratings include 9 buys and 7 holds, with no sell recommendations.
A look at Pultegroup Inc Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 2 | |
| Growth | 4 | |
| Resilience | 4 | |
| Momentum | 4 | |
| 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
Based on the Smartkarma Smart Scores, PulteGroup Inc. shows a promising long-term outlook. With solid scores in Growth, Resilience, and Momentum, the company is positioned for continued success in the housing market. Pulte’s focus on developing active adult communities and providing additional services to home buyers sets it apart in the industry, contributing to its positive momentum and growth potential.
PulteGroup Inc.’s scores in Value and Dividend may not be as high as some other factors, but its strong performance in Growth, Resilience, and Momentum bodes well for its future prospects. With operations across the United States and Puerto Rico, Pulte is well-positioned to capitalize on opportunities in the housing market and continue serving home buyers with its range of services.
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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