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Atlanta-based PulteGroup, Inc. (PHM) acquires and develops land to construct residential buildings. It offers various home designs, including single-family detached, townhomes, condominiums, and duplexes. With a market cap of $20.5 billion, PulteGroup operates through the Homebuilding and Financial Services segments.
PHM is expected to announce its first-quarter results before the markets open on Tuesday, Apr. 22. Ahead of the event, analysts expect PHM to deliver adjusted earnings of $2.48 per share, down 13.6% from $2.87 per share reported in the year-ago quarter. On the brighter side, the company has surpassed the Street’s bottom-line estimates in each of the past four quarters.
For the full fiscal 2025, PulteGroup is expected to report adjusted earnings of $12.32 per share, down 7.2% from $13.28 per share in fiscal 2024. However, in fiscal 2026, its earnings are expected to rebound 9.8% year-over-year to $13.53 per share.
PulteGroup’s stock prices have plunged 11.1% over the past 52 weeks, notably underperforming the Consumer Discretionary Select Sector SPDR Fund’s (XLY) 2.8% gains and the S&P 500 Index’s ($SPX) 1.4% decline during the same time frame.
PulteGroup’s stock prices soared 4.9% after the release of its better-than-expected Q4 results on Jan. 30. The company’s home sales revenues increased 13% year-over-year to $4.7 billion along with a significant jump in land sales and other revenues. Its overall revenues came in at $4.9 billion, representing a 14.6% growth compared to the year-ago quarter and surpassing the Street’s expectations by a notable margin. Furthermore, the company’s net income jumped 28.4% year-over-year to $913.2 million. However, after the initial surge, PHM stock dropped nearly 4% in each of the following two trading sessions.
The consensus opinion on PHM stock is moderately bullish, with an overall “Moderate Buy” rating. Out of the 16 analysts covering the stock, nine suggest “Strong Buy,” one advises “Moderate Buy,” and six recommend a “Hold” rating. Its mean price target of $133.83 represents a 32.2% premium to current price levels.
