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PulteGroup Earnings Preview For Thursday

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PulteGroup, Inc.  (PHM) 

Background:

PulteGroup, Inc., through its subsidiaries, engages in homebuilding and financial services businesses primarily in the United States. The company's homebuilding business includes the acquisition and development of land primarily for residential purposes within the United States; and the construction of housing on such lands.

PulteGroup is forecast to report WEAK first-quarter earnings before the market opens on April 24, 2014.

The consensus estimate is currently 20 cents a share, falling 1 cent (4.8%) from 21 cents during the same period last year. Estimates from analysts range from a low of 16 cents per share, up to the highest estimate of 24 cents per share.

Investors are receiving 20 cents in dividends for a yield of 1.1%.

 

Analyst opinion is mixed. Most of the analysts surveyed don't believe a buy or a sell should be made at this point. Currently, PulteGroup has 9 buy recommendations out of 21 analysts covering the company, 9 holds, and 3 recommend selling. The stock has appreciated 2% in the last year, and the average analyst target price for PulteGroup is $22.03.
 

 

 

The short interest is slightly elevated, granted, when short interest is under 4% I give it little weight towards decision-making. As long as the short interest remains under near this level, I won't give it much thought. Short interest is 3.8%, and if the proportion shorted ascends significantly, I recommend monitoring for a possible exit.
 

 

(PHM)

(DHI)

(KBH)

(LEN)

Strong Buy

3

4

2

3

Moderate Buy Buy

6

5

5

6

Hold

9

12

11

13

Moderate Sell Ratings

0

0

1

0

Strong Sell Ratings

3

1

4

0

Avg Analyst Price Target

$22.03

$24.84

$20.00

$43.74

Revenue

$5.72 billion

$7.28 billion

$2.44 billion

$7.59 billion

Est Low EPS

0.16

0.30

0.08

0.42

Est High EPS

0.24

0.37

0.28

0.60

1 Year Stock Price Change

-3.51%

-8.70%

-25.29%

-7.79%

 


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