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.
PulteGroup (PHM) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
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PulteGroup (PHM) closed the most recent trading day at $115.81, moving -1.04% from the previous trading session.