The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.
Recently, Zacks.com users have been paying close attention to PulteGroup (PHM). This makes it worthwhile to examine what the stock has in store.
BOLINGBROOK, IL — The Bolingbrook Park District will expand its offerings with a new park opening this spring in the Sawgrass subdivision. In addition to the new park, the park district will also open a new spray pad at Central Park, also in the spring. "We are excited for these projects that have been in development this past year," Bolingbrook Park District Executive Director Mike Selep told Patch. Selep said the spray pad at Central Park will be opening in the late spring, across from the skate park. Central Park is at 201 Recreation Drive. "[The spray pad] contains 16 spray features as well as shade structures, benches and picnic tables," Selep said. "Plans are for it to be open on a daily basis during the late spring and summer months. This makes a great addition." Not only will the spray pad open in the spring, but the park district will celebrate its newest park, Jerry Hix Park, on April 26. Located in the Sawgrass subdivision, Selep said the park was developed by Pulte Homes and then transferred to the park district in October. The park is a 4.84 parcel of open space, and has a playground, walking trails, open green space, pavilion/shelter, picnic tables and basketball court, Selep said. The dedication for the park will begin at 9:45 a.m. on April 26, followed by the Bolingbrook Arbor Day Tree Planting celebration at 10 a.m.
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.
PulteGroup (PHM) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
PulteGroup, Inc. reported a strong Q4 with a 17.2% revenue increase, driven by higher home closings and average selling prices. Despite margin pressures, PulteGroup's administrative expenses improved significantly, contributing to strong income growth. New orders dipped slightly, but the value of these orders rose 4%, and the backlog remains robust at 10,153 homes valued at $6.5 billion.
PHM's fourth-quarter 2024 results reflect solid housing demand trends despite elevated mortgage rates. Tune in to learn about the stock's quarterly earnings.
PulteGroup Inc. (NYSE:PHM ) Q4 2024 Earnings Conference Call January 30, 2025 8:30 AM ET Company Participants Robert O'Shaughnessy - Executive Vice President & Chief Financial Officer Ryan Marshall - President & Chief Executive Officer Jim Ossowski - Incoming Executive Vice President & Chief Financial Officer Conference Call Participants John Lovallo - UBS Carl Reichardt - BTIG Stephen Kim - Evercore ISI Alan Ratner - Zelman & Associates Michael Rehaut - JPMorgan Trevor Allinson - Wolfe Research Matthew Bouley - Barclays Rafe Jadrosich - Bank of America Operator Good morning ladies and gentlemen and thank you for standing by. My name is Kelvin [ph] and I will be your conference operator today.
The headline numbers for PulteGroup (PHM) give insight into how the company performed in the quarter ended December 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
PulteGroup (PHM) came out with quarterly earnings of $3.50 per share, beating the Zacks Consensus Estimate of $3.24 per share. This compares to earnings of $3.28 per share a year ago.
Beyond analysts' top -and-bottom-line estimates for PulteGroup (PHM), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended December 2024.
PHM's fourth-quarter 2024 results are likely to reflect growth in home closings. Affordability challenges and higher incentives are likely to have impacted margins.