PulteGroup, Inc. (NYSE:PHM) homebuilding business operator, is expected to report third quarter earnings results, before market open, on Thursday 22nd October 2020.
Analysts polled by Thomson Reuters anticipate third quarter income of $ 1.12 per share.
Looking ahead, the full year income are expected at $ 4.28 per share on the revenues of $ 10575.20 million.
Previous Quarter Performance
PulteGroup, Inc. unwinded income for the second quarter of $ 1.15 per share, from the revenue of $ 2,594.00 million. The quarterly earnings boosted 33.72 percent while revenues raised 4.22 percent compared with the same quarter last year.
Street analysts expected PulteGroup, Inc. to report income of $ 0.87 per share on revenue of $ 2511.59 million for the second quarter. The bottom line results beat street analysts by $ 0.28 or 32.18 percent, at the same time, top line results outshined analysts by $ 82.41 million or 3.28 percent.
Stock Performance
Shares of PulteGroup, Inc. traded low $ -1.81 or -3.85 percent on Wednesday, reaching $ 45.17 with volume of 1.97 million shares. The stock opened down for the day at $ 46.88, after closing the previous day trading at $ 46.98.
According to the previous trading day, closing price of $ 46.98, representing a 174.42 % increase from the 52 week low of $ 17.12 and a 5.47 % decrease over the 52 week high of $ 49.70.
The company has a market capital of $ 12.11 billion and is part of the Consumer Cyclical sector and Residential Construction industry.
Conference Call
PulteGroup, Inc. will be hosting a conference call at 8:30 AM eastern time on 22nd October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.pultegroupinc.com
PulteGroup, Inc., through its subsidiaries, primarily engages in the homebuilding business in the United States. The company acquires and develops land primarily for residential purposes; and constructs housing on such land. It offers various home designs, including single-family detached, townhouses, condominiums, and duplexes under the Centex, Pulte Homes, Del Webb, DiVosta Homes, and John Wieland Homes and Neighborhoods brand names.
