PulteGroup Gains 6.6% Monthly; April EPS Forecast Down 28.8%
PulteGroup shares rose 1.14% in the latest session, outperforming the S&P 500’s 0.43% decline and posting a 6.6% monthly gain versus the homebuilder sector’s 7.06% rise. Analysts forecast April 23 EPS of $1.83 (-28.8%) on $3.38 billion revenue (-13%), with a forward P/E of 13.4 below the industry’s 14.8 average.
1. Market Performance
PulteGroup shares rose 1.14% in the latest session, closing above all three major U.S. indices which posted declines. Over the past month, the stock has gained 6.6%, slightly underperforming the homebuilder sector’s 7.06% advance but outpacing the S&P 500’s 0.5% drop.
2. Earnings Outlook
Analysts project PulteGroup will report Q1 EPS of $1.83 on April 23, marking a 28.8% year-over-year decline, with revenue expected to total $3.38 billion, down 13.0% from the year-ago quarter. Full-year EPS and revenue are forecast at $10.11 (-11.6%) and $16.5 billion (-4.7%), respectively.
3. Valuation Metrics
The company trades at a forward P/E of 13.4, below the industry average of 14.8, and carries a PEG ratio of 1.58 versus the sector’s 1.79, suggesting a valuation discount relative to expected growth. PulteGroup holds a Zacks Rank of #5 (Strong Sell), reflecting recent downward estimate revisions.