- PulteGroup’s revenue for the first quarter is $3.89 billion, exceeding the estimated $3.84 billion.
- The company’s earnings per share (EPS) dropped to $2.57 from $3.10 compared to the previous year.
- The number of homes closed is 6,583, slightly missing the estimate of 6,595 and marking a 7.2% decrease from last year.
- PulteGroup’s backlog value is $7.22 billion, down 12% year-over-year, and below the forecast of $7.31 billion.
- The backlog volume totals 11,335 homes, a 16% decrease from the previous year, short of the expected 11,724 homes.
- Net new orders are reported at 7,765, which is a 7.3% drop from last year, under the estimated 8,166.
- Pretax profit stands at $681.1 million, surpassing the expected $655.5 million but reflecting a 22% decline year-over-year.
- The company’s commentary indicates confidence in long-term housing demand despite current economic uncertainties affecting consumer demand.
- Analyst ratings include 10 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
PulteGroup Inc., a company specializing in selling and building homes, has a mixed long-term outlook based on the Smartkarma Smart Scores. With a promising Growth score of 4 and solid Resilience and Momentum scores of 4 each, the company seems well-positioned for future expansion and market stability. These scores suggest that PulteGroup has the potential to experience significant development and maintain its positive market momentum.
However, the Value and Dividend scores of 3 and 2 respectively indicate some areas for improvement in terms of the company’s valuation and dividend payout. Investors looking for value opportunities or consistent dividend income may need to carefully evaluate these aspects before making investment decisions in PulteGroup Inc. Overall, PulteGroup’s diverse operations across the United States and Puerto Rico make it an interesting player to watch in the residential construction industry.
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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