PulteGroup Shares Drop 1.9% to $129.65 as Q1 EPS Forecast Falls 29%
PulteGroup shares fell 1.91% to $129.65, underperforming major indices and sliding 1.78% over the past month despite a 1.65% gain in the Construction sector. Consensus forecasts for April 23 earnings project Q1 EPS of $1.83 (-28.8%) on $3.38 billion revenue (-13.0%) and full-year EPS of $10.15 on $16.5 billion revenue (-4.7%).
1. Stock Price Performance
PulteGroup closed the latest session at $129.65, down 1.91% from the prior day, lagging the S&P 500’s 0.57% loss and the 1.61% decline in the Dow. Over the past month, shares have declined 1.78%, while the Construction sector gained 1.65% and the S&P 500 edged down 0.15%.
2. Earnings Forecasts
Analysts expect PulteGroup to report April 23 Q1 EPS of $1.83, a 28.8% drop from last year, on revenue of $3.38 billion, down 13.0% year-over-year. Full-year consensus estimates call for EPS of $10.15 (-11.3%) on $16.5 billion in sales (-4.7%), reflecting continued headwinds in the housing market.
3. Valuation and Analyst Sentiment
PulteGroup trades at a forward P/E of 13.02, below the 13.97 average for homebuilders, and has a PEG ratio of 1.54 versus the industry’s 1.64. Negative estimate revisions have pushed its quantitative rating to a Zacks Rank of 5 (Strong Sell), with the Building Products – Home Builders industry ranking among the bottom 5% of sectors.