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Key Takeaways PHM beat Q2 earnings and revenue estimates, though both declined from the prior year.PHM's $131 target offers modest upside as shares trade above key homebuilding valuation benchmarks.Buybacks and low leverage support PHM, but 2026 earnings and revenues are projected to fall. PulteGroup, Inc. (PHM - Free Report) gave investors a mixed second-quarter readout. Earnings and revenues topped expectations, but both fell from the prior year as closings, pricing and margins weakened.
The investment case now rests on balance. PHM offers capital returns, a solid balance sheet and modest price-target upside, but growth estimates and margins remain under pressure.
PHM Beats Estimates Despite Lower EarningsAdjusted earnings were $2.48 per share, topping the Zacks Consensus Estimate of $2.38 by 4.2%. Total revenues of $3.983 billion edged past the consensus mark of $3.980 billion by 0.1%.
The beat did not erase the year-over-year decline. Earnings fell 18.2% from $3.03 per share, while total revenues decreased 9.6% as lower closings and softer average selling prices weighed on results.
PulteGroup’s Valuation Offers Limited UpsidePHM’s $131 price target compares with a reported share price of $124.67, leaving only modest potential appreciation. That limits the valuation argument, even though the company continues to generate orders and return capital.
The stock traded at 11.85 times forward earnings, above the sub-industry’s 10.88 multiple and PHM’s five-year median of 8.33. It still traded well below the broader construction sector and the S&P 500, keeping the valuation picture mixed rather than clearly cheap.
D.R. Horton (DHI - Free Report) and Lennar Corporation (LEN - Free Report) remain relevant comparisons because both operate as national homebuilders facing similar affordability and margin pressures. D.R. Horton describes itself as the largest U.S. homebuilder by volume, while Lennar is commonly tracked alongside DHI and PHM in homebuilding comparisons.
PHM’s Forecasts Point to a Difficult 2026Current projections call for 2026 revenues of $16.404 billion, down from $17.312 billion in 2025. Expected earnings are $10.01 per share, compared with $11.44 in 2025.
Estimates point to improvement in 2027, with revenues projected at $17.045 billion and earnings at $11.09 per share. The timing and durability of that recovery are central to whether PHM’s valuation can become more appealing.
PulteGroup Returns Capital While Funding GrowthPHM repurchased 3.1 million shares for $373 million in the second quarter. First-half repurchases totaled 5.5 million shares, or roughly 3% of outstanding shares, for $681 million.
The company maintained a quarterly dividend of 26 cents per share and had $1.8 billion remaining under its repurchase authorization. It is also funding land investment, though first-half operating cash flow fell to $176.8 million from $421.7 million as inventories increased.
PHM’s Balance Sheet Limits Financial RiskPulteGroup ended June with $1.38 billion in cash, cash equivalents and restricted cash. Its debt-to-capital ratio was 12.3%, while net debt-to-capital was 3.3%, giving the company financial flexibility in a softer housing cycle.
The land pipeline also supports flexibility. PHM controlled about 228,000 lots, with 55% held through option agreements, limiting upfront ownership exposure when demand is uncertain.
PHM’s Scores Support a Selective ApproachThe bottom line is that PHM looks more balanced than broadly attractive. The earnings beat, buybacks and balance sheet help, but declining estimates and margin compression keep the risk-reward selective.
PHM currently carries a Zacks Rank #2 (Buy), with a Value Score of B, Momentum Score of B and VGM Score of B. Those grades provide positive near-term signals, while the Growth Score of D reflects weaker projected earnings and sales trends. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
The stock may suit investors focused on disciplined capital returns and balance-sheet strength. Investors prioritizing immediate growth may need clearer evidence that earnings, revenues and margins are stabilizing.
Key Takeaways PulteGroup's wider community base lifted second-quarter net new orders 6.4% to 7,536 homes.Build-to-order homes rose to 45% of orders as PulteGroup cut spec homes in production 13%.PulteGroup's gross margin fell 200 basis points to 25.0% as incentives reached 10.4% of prices. PulteGroup (PHM - Free Report) is widening its community base to support orders across first-time, move-up and active-adult buyers. That broader reach is helping offset ofter affordability conditions.
The trade-off is clear. Closings, average selling prices and margins remain under pressure, making inventory discipline central to PHM’s near-term execution.
PulteGroup’s Community Growth Supports New OrdersSecond-quarter net new orders increased 6.4% year over year to 7,536 homes. The gain came as average community count rose 8% to 1,074.
Absorption slipped 1% to 2.3 homes per community per month. That suggests community expansion, rather than stronger demand at each location, remains the main volume driver.
PHM Shifts Back Toward Build-to-Order HomesPulteGroup is moving back toward its long-term mix of 60% build-to-order homes and 40% spec homes. Build-to-order properties represented 45% of second-quarter orders, up from 40% a year earlier.
The shift is helping reduce inventory risk. Spec homes in production declined 13% to 6,638, while finished spec inventory fell to about 1.3 homes per community.
PulteGroup Reaches Multiple Buyer SegmentsPulteGroup’s second-quarter orders were balanced across buyer groups: 39% first-time, 36% move-up and 25% active adult. That mix reduces reliance on one customer category.
Orders increased across all three groups. Active-adult orders rose 12%, while first-time and move-up orders advanced 5% and 4%, respectively.
PHM Uses Geographic Scale to Manage VolatilityOrders rose in every region except the West, led by 19% growth in Florida. Demand was also favorable in several Midwest markets, Greenville and the Coastal Carolinas.
This geographic breadth gives PulteGroup room to adjust incentives, inventory and capital by local market. Peers such as D.R. Horton (DHI - Free Report) and Lennar Corporation (LEN - Free Report) face similar affordability and pricing trade-offs, making local scale an important competitive lever across the homebuilding group.
PulteGroup Faces Persistent Margin PressureHome sale gross margin declined 200 basis points year over year to 25.0%. Incentives equaled 10.4% of gross selling prices, up from 8.7% a year earlier.
Lower closings and a softer average selling price weighed on revenues, while selling, general and administrative expenses rose as a percentage of home sale revenues. Higher lot costs also remain a risk, even if lower construction costs provide some offset.
PHM’s Ratings Reflect Balanced Near-Term SignalsThe bottom line is that PulteGroup is generating orders through broader market coverage and tighter inventory control, but affordability pressure is still limiting operating leverage. The setup is resilient, not risk-free.
PHM currently carries a Zacks Rank #2 (Buy), indicating a favorable short-term earnings-revision signal. The stock also has a Value Score of B, Momentum Score of B and VGM Score of B, which support a constructive near-term profile. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
The Growth Score of D keeps the outlook mixed. Projected declines in earnings and sales suggest investors should balance PHM’s order resilience against ongoing margin and demand pressure.
PulteGroup, Inc. (PHM) Q2 2026 Earnings Call July 22, 2026 8:30 AM EDT
Company Participants
James Zeumer - Vice President of Investor Relations
Ryan Marshall - President, CEO & Director
James Ossowski - Executive VP & CFO
Conference Call Participants
John Lovallo - UBS Investment Bank, Research Division
Richard Reid - Wells Fargo Securities, LLC, Research Division
Matthew Bouley - Barclays Bank PLC, Research Division
Stephen Kim - Evercore ISI Institutional Equities, Research Division
Alan Ratner - Zelman & Associates LLC
Michael Dahl - RBC Capital Markets, Research Division
Anthony Pettinari - Citigroup Inc., Research Division
Trevor Allinson - Wolfe Research, LLC
Jonathan Bettenhausen - Truist Securities, Inc., Research Division
Rafe Jadrosich - BofA Securities, Research Division
Susan Maklari - Goldman Sachs Group, Inc., Research Division
Kenneth Zener - Seaport Research Partners
Ryan Gilbert - BTIG, LLC, Research Division
Presentation
Operator
Thank you for standing by. My name is Jordan, and I'll be your conference operator today. At this time, I'd like to welcome everyone to the PulteGroup, Inc. Q2 2026 Earnings Conference Call. [Operator Instructions]
Thank you. I would now like to turn the call over to Jim Zeumer. Please go ahead.
James Zeumer
Vice President of Investor Relations
Thank you, Jordan. Good morning. I want to welcome everyone to today's call to review PulteGroup's operating and financial results for our second quarter ended June 30, 2026. Joining me on today's call are Ryan Marshall, President and CEO; Jim Ossowski, Executive Vice President and CFO; and David Carrier, Senior VP, Finance.
In advance of this call, a copy of our Q2 earnings release and this morning's webcast presentation have been posted to our corporate website at pultegroup.com. We will also post an audio replay of this call later today. I would highlight that today's presentation includes forward-looking statements about the company's expected future performance. Actual results could differ materially from those suggested by our comments
Key Takeaways PulteGroup's Q2 earnings beat estimates 4.2%, but declined 18.2% year over year to $2.48 per share.New orders rose 6.4% and backlog units grew 1.7%, despite lower home deliveries and average selling prices.Home sale gross margin fell 200 bps to 25%, while first-half buybacks reached $681.2 million. PulteGroup, Inc. (PHM - Free Report) reported better-than-expected second-quarter 2026 results, with adjusted earnings and total revenues topping the Zacks Consensus Estimate, but declining year over year.
The quarterly results reflect reduced home-closing volumes, softer average selling prices (ASP) and margin compression. Ongoing softness in the housing market because of weaker consumer confidence and ongoing affordability challenges due to high mortgage rates hurt the top-line growth.
Shares of this Georgia-based homebuilding and financial services company inched up 1% during today’s pre-market trading session, following the earnings release.
Inside PulteGroup’s Q2 HeadlinesQuarterly earnings were $2.48 per share, beating the Zacks Consensus Estimate of $2.38 by 4.2%. Earnings declined 18.2% from $3.03 in the prior-year quarter.
Total revenues (Homebuilding & Financial Services) of $3.983 billion edged past the consensus mark of $3.980 billion by 0.1% but fell 9.6% year over year.
PulteGroup’s Homebuilding HighlightsHomebuilding segment’s revenues decreased 9.7% year over year to $3.89 billion. Home sale revenues fell 10.8% to $3.81 billion, reflecting weaker delivery volumes and lower average pricing. Land sale and other revenues increased to $78.9 million from $34.6 million.
The number of homes closed declined 8.4% year over year to 6,997 units. Deliveries decreased across the Northeast, Midwest, Texas and West regions, while closings in the Southeast and Florida remained relatively stable. The ASP of homes delivered fell 2.7% to $544,000 from $559,000.
Net new orders increased 6.4% year over year to 7,536 homes. Order growth was recorded across all buyer groups, supported by an 8% increase in average community count to 1,074. The dollar value of net new orders rose 5.1% to $4.08 billion.
PulteGroup ended the quarter with a backlog of 10,966 homes, up 1.7% from the prior-year level. Backlog units increased in the Northeast, Florida, Midwest and Texas, while the Southeast and West reported declines. The value of homes in backlog slipped 0.6% to $6.80 billion. The divergence between higher units and lower value indicates that the average value of homes in backlog declined year over year, consistent with the company’s broader pricing pressure.
Home sale gross margin contracted 200 basis points (bps) year over year to 25%. However, the metric improved 60 basis points sequentially from the first quarter of 2026, indicating some near-term stabilization in profitability.
Selling, general and administrative (SG&A) expenses declined to $383 million from $390 million. However, as a percentage of home sale revenues, SG&A expenses increased 100 bps to 10.1%, as the lower revenue base reduced operating leverage.
PulteGroup’s Financial Services DetailsFinancial Services revenues declined 4.2% to $96.9 million. Overall, the revenue mix reflected continued housing-market pressure as affordability constraints, volatile mortgage rates and economic uncertainty affected buyer activity.
Mortgage origination volume decreased to 4,629 loans from 4,984, while origination principal fell to $1.98 billion from $2.16 billion. The mortgage capture rate improved modestly to 85.2% from 84.8%.
PHM’s Liquidity and Buybacks Stay in FocusPulteGroup ended the quarter with $1.38 billion in cash, cash equivalents and restricted cash. Notes payable totaled $1.82 billion, resulting in a debt-to-capital ratio of 12.3% and a net debt-to-capital ratio of 3.3%.
Operating cash flow for the first six months of 2026 declined 58.1% year over year to $176.8 million, partly reflecting an $807.3 million increase in inventories. During the second quarter, PHM repurchased 3.1 million shares for $373 million. First-half repurchases totaled $681.2 million, representing 5.5 million shares.
PHM’s Zacks Rank & Peer ReleasesPulteGroup currently has a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
D.R. Horton, Inc. (DHI - Free Report) reported third-quarter fiscal 2026 earnings of $3.20 per share, beating the Zacks Consensus Estimate of $2.99 by 7%. Revenues of $9.23 billion also surpassed the consensus mark of $9.19 billion by 0.5%. On a year-over-year basis, earnings declined 4.8%, while revenues increased marginally.
The earnings and revenue beat was driven by higher home-closing volumes, resilient home sales margins, disciplined management of pricing and incentives, and contributions from the Rental, Forestar and Financial Services businesses. However, lower profitability, elevated incentives and cautious consumer demand continued to weigh on results. D.R. Horton now expects fiscal 2026 consolidated revenues of $32.5-$33 billion, down from $33.5-$34.5 billion expected earlier.
Lennar Corporation (LEN - Free Report) reported mixed second-quarter fiscal 2026 results, with adjusted earnings topping the Zacks Consensus Estimate while revenues missed the same. Year over year, both metrics declined, given ongoing softness in housing demand and a lower ASP for homes delivered.
Homebuilding revenues declined 2% year over year to $7.62 billion from $7.84 billion, with home deliveries increasing 2% to 20,519 homes from 20,131 homes a year ago. Backlog at quarter-end increased to 16,818 homes from 15,538 homes. For the third quarter of fiscal 2026, Lennar expects home deliveries in the range of 20,500-21,500 and new orders between 21,000 and 22,000 homes. Gross margin on home sales is expected to be approximately 16%.
A Stock to ConsiderHere is a stock from the Zacks Construction sector, which according to our model, has the right combination of elements to post an earnings beat.
CRH plc (CRH - Free Report) has an Earnings ESP of +4.08% and a Zacks Rank of 3.
CRH’s earnings beat estimates in two of the last four quarters, missed on one occasion and met on the remaining occasion, the average surprise being 0.7%. The company’s earnings for the second quarter of 2026 are expected to inch up 1% year over year.
The Lock-In Effect Is Real—These 3 Homebuilders Are Betting on ItPulteGroup NYSE: PHM reported higher second-quarter orders and reaffirmed its full-year delivery and margin outlook, even as revenue and earnings declined from a year earlier amid fewer closings and a lower average sales price.
On the company’s earnings call for the quarter ended June 30, 2026, President and CEO Ryan Marshall said he was “extremely pleased” with PulteGroup’s operating and financial results for both the quarter and the first half of the year. He pointed to order growth across all buyer groups, reduced incentives from the first quarter and continued progress shifting the business back toward build-to-order sales.
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Netflix, Pulte, and Mobileye Are Buying Their Own Dips—Should You?Second-quarter net new orders rose 6% year over year to 7,536 homes, while the value of orders increased 5% to $4.1 billion, according to Executive Vice President and CFO Jim Ossowski. Orders increased across first-time, move-up and active adult buyer segments, rising 5%, 4% and 12%, respectively.
Orders Rise, While Revenue and EPS Decline PulteGroup generated home sale revenue of $3.8 billion in the second quarter, down from $4.3 billion in the prior-year period. Ossowski said the decline reflected an 8% decrease in closings to 6,997 homes and a 3% decrease in average sales price to $544,000.
Homebuilder Earnings: D.R. Horton Sticks Out as Pulte & NVR Sales TankOssowski said mix was a meaningful factor in the lower average selling price, as the company had fewer closings from its Northeast and West operations, which he described as PulteGroup’s two highest-priced operating geographies.
The company reported pretax income of $622 million and net income of $472 million, or $2.48 per share. That compared with net income of $608 million, or $3.03 per share, in the second quarter of 2025. Diluted shares outstanding fell by 10 million shares, or 5%, from the prior year to 191 million, and the company repurchased 3.1 million shares for $373 million during the quarter.
PulteGroup’s financial services operations generated pretax income of $37 million, compared with $43 million a year earlier. Ossowski said the year-over-year decline was primarily due to lower closing volumes in the homebuilding business. The company’s mortgage capture rate was 85%, comparable to the second quarter of 2025.
Margins Hold Near 25% as Incentives Ease Sequentially PulteGroup reported a homebuilding gross margin of 25% for the quarter, up 60 basis points from the first quarter. For the first half of the year, homebuilding gross margin was 24.7%.
Marshall said the company’s margins reflect a disciplined land underwriting process, diversification across markets and buyer groups, and a balanced approach to price and pace. He said PulteGroup’s gross margins are “in some instances” several hundred basis points higher than those of peers.
Ossowski said second-quarter incentives were 10.4%, down 50 basis points from the first quarter. He attributed the sequential margin improvement to a greater mix of closings from higher-margin Florida markets, lower-than-anticipated discounts on homes sold and closed in the quarter, and lower build costs.
House costs were just under $75 per square foot in the quarter, down 5% from a year earlier and about 1% from the first quarter. Ossowski said the company expects to lose the tailwind from lower lumber costs as the year progresses, though it still expects year-over-year house costs to be slightly lower than in 2025.
In response to analyst questions, Marshall said incentives remain elevated because of affordability challenges and a competitive market. He said the company had previously identified the first quarter as the “high watermark” for incentives, but cautioned that the company is not expecting a sharp improvement from current levels.
Build-to-Order Shift Continues Marshall said PulteGroup continued to execute its transition back to build-to-order homes, with build-to-order sales representing 45% of new orders in the second quarter. Year to date, build-to-order sign-ups rose 500 basis points as a share of total orders compared with the first six months of 2025.
Ossowski said the company’s long-term goal is for orders to be about 60% build-to-order and 40% spec. Marshall said during the question-and-answer session that PulteGroup likely reaches that 60% target sometime next year.
The company ended the quarter with 14,980 homes in production, of which 6,638, or 44%, were spec homes. PulteGroup also had about 1,400 finished spec homes, equal to 1.3 finished specs per community, down from 1.9 a year earlier. Marshall said the company has effectively reached the spec inventory level it wants, though some work remains in select communities.
Marshall said build cycles have recovered from the supply chain disruptions that followed COVID, with cycle times down to 100 working days or fewer in some markets. He said that gives PulteGroup the ability to manage starts while still meeting production goals.
Regional Trends and Buyer Mix Management described overall demand as following typical seasonal patterns during the quarter, with sales and absorption paces easing month to month. Marshall said consumer activity was affected at times by global tensions, macroeconomic uncertainty and movements in interest rates.
Ossowski said net new orders increased in every region except the West, where consumer demand has been slower to recover. Florida remained a standout, with second-quarter orders up 19% year over year. Marshall also cited strength in Midwest markets such as Columbus, Cleveland and Chicago, as well as Greenville and Coastal Carolina. He said Dallas and Houston showed year-over-year order improvement, though he said it was too early to “declare victory” in Texas.
Second-quarter net new orders were 39% first-time buyers, 36% move-up buyers and 25% active adult buyers. Ossowski said active adult orders benefited from the opening of new Explore by Del Webb communities in Tampa and Columbus. Marshall said the company now has Explore by Del Webb communities open in Southern California, Columbus and Tampa, with another planned east of Park City, Utah.
Guidance Reaffirmed, Land Investment Continues PulteGroup expects to close between 7,000 and 7,400 homes in the third quarter and reaffirmed its full-year 2026 closing guidance of 28,500 to 29,000 homes. The company expects average selling prices of $550,000 to $560,000 in both the third and fourth quarters.
Ossowski said PulteGroup expects third-quarter gross margin of 24.5% to 25.0% and reaffirmed the same range for the full year. The company also maintained full-year SG&A guidance of 9.5% to 9.7% of home sale revenue and an expected tax rate of 24.5%, excluding discrete tax events.
PulteGroup invested $1.4 billion in land acquisition and development during the quarter, bringing year-to-date land spend to $2.7 billion. Ossowski said the company remains on track to invest about $5.4 billion in land in 2026. It ended the quarter with 228,000 lots under control, 55% of which were controlled by option.
The company ended the quarter with $1.4 billion in cash and a debt-to-capital ratio of 12.3%. Ossowski said PulteGroup continues to expect operating cash flow of about $1 billion for 2026.
Marshall also addressed industry consolidation, saying PulteGroup’s first question on any acquisition is whether it would make the company “better, not just bigger.” He said the company prefers smaller tuck-in acquisitions that build local market scale and views M&A primarily as another way to acquire land.
About PulteGroup (NYSE:PHM)PulteGroup, Inc NYSE: PHM is a U.S.-based residential homebuilder that designs, constructs and sells single-family homes and develops master-planned communities. The company operates multiple national and regional brands that target different buyer segments, including first-time buyers, move-up buyers and active-adult customers. Its operations encompass land acquisition and development, home design and construction, community amenities and ongoing customer service and warranty programs.
PulteGroup markets homes under several well-known brands, such as Pulte Homes, Centex and Del Webb, among others, offering a range of product types from entry-level detached homes to larger, higher-end residences and age-restricted active-adult communities.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].
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PulteGroup (PHM - Free Report) reported $3.98 billion in revenue for the quarter ended June 2026, representing a year-over-year decline of 9.6%. EPS of $2.48 for the same period compares to $3.03 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $3.98 billion, representing a surprise of +0.06%. The company delivered an EPS surprise of +4.2%, with the consensus EPS estimate being $2.38.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how PulteGroup performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Average selling price - Total: $544.00 versus the four-analyst average estimate of $546.26.Net new orders - units - Total: 7,536 versus the four-analyst average estimate of 7,371.Closings (units) - Total: 6,997 versus 6,987 estimated by four analysts on average.Unit backlog - Total: 10,966 compared to the 10,811 average estimate based on four analysts.Backlog dollars - Total: $6.8 billion compared to the $6.76 billion average estimate based on two analysts.Homebuilding Revenues- Home sale revenues: $3.81 billion versus the four-analyst average estimate of $3.93 billion. The reported number represents a year-over-year change of -10.8%.Revenues- Financial Services: $96.94 million versus the four-analyst average estimate of $101.06 million. The reported number represents a year-over-year change of -4.2%.Homebuilding Revenues: $3.89 billion versus $3.96 billion estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -9.7% change.Homebuilding Revenues- Land sale and other revenues: $78.92 million versus the three-analyst average estimate of $43.16 million. The reported number represents a year-over-year change of +128%.Income / (loss) before income taxes- Financial Services: $37.38 million versus the two-analyst average estimate of $44.86 million.View all Key Company Metrics for PulteGroup here>>>
Shares of PulteGroup have returned -1.8% over the past month versus the Zacks S&P 500 composite's +0.3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
ATLANTA--(BUSINESS WIRE)--PulteGroup, Inc. (NYSE: PHM) announced today financial results for its second quarter ended June 30, 2026. For the quarter, the Company reported net income of $472 million, or $2.48 per share. In the prior year period, the Company reported net income of $608 million, or $3.03 per share. “We continue to capture benefits from our return-focused operating model and business platform that is well diversified across markets and buyer groups,” said Ryan Marshall, President a.
PulteGroup (PHM - Free Report) came out with quarterly earnings of $2.48 per share, beating the Zacks Consensus Estimate of $2.38 per share. This compares to earnings of $3.03 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +4.20%. A quarter ago, it was expected that this homebuilder would post earnings of $1.8 per share when it actually produced earnings of $1.79, delivering a surprise of -0.56%.
Over the last four quarters, the company has surpassed consensus EPS estimates three times.
PulteGroup, which belongs to the Zacks Building Products - Home Builders industry, posted revenues of $3.98 billion for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 0.06%. This compares to year-ago revenues of $4.4 billion. The company has topped consensus revenue estimates four times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
PulteGroup shares have added about 6% since the beginning of the year versus the S&P 500's gain of 9.7%.
What's Next for PulteGroup?While PulteGroup has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for PulteGroup was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $2.70 on $4.33 billion in revenues for the coming quarter and $9.95 on $16.4 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Building Products - Home Builders is currently in the bottom 17% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Another stock from the same industry, M/I Homes (MHO - Free Report) , has yet to report results for the quarter ended June 2026. The results are expected to be released on July 29.
This homebuilder is expected to post quarterly earnings of $3.17 per share in its upcoming report, which represents a year-over-year change of -28.3%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
M/I Homes' revenues are expected to be $1.18 billion, up 1.8% from the year-ago quarter.
California Public Employees Retirement System boosted its position in PulteGroup, Inc. (NYSE:PHM – Free Report) by 4.1% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 420,701 shares of the construction company’s stock after purchasing an additional 16,536 shares during the period. California Public Employees Retirement System owned about 0.22% of PulteGroup worth $49,479,000 as of its most recent SEC filing.
A number of other large investors have also made changes to their positions in PHM. Focus Partners Wealth increased its position in shares of PulteGroup by 20.5% during the 1st quarter. Focus Partners Wealth now owns 12,517 shares of the construction company’s stock valued at $1,287,000 after purchasing an additional 2,128 shares during the last quarter. EverSource Wealth Advisors LLC boosted its holdings in shares of PulteGroup by 197.1% in the second quarter. EverSource Wealth Advisors LLC now owns 1,212 shares of the construction company’s stock worth $128,000 after buying an additional 804 shares during the last quarter. Guggenheim Capital LLC grew its position in PulteGroup by 12.9% during the second quarter. Guggenheim Capital LLC now owns 8,519 shares of the construction company’s stock valued at $898,000 after buying an additional 975 shares during the period. Baird Financial Group Inc. grew its position in PulteGroup by 8.0% during the second quarter. Baird Financial Group Inc. now owns 29,060 shares of the construction company’s stock valued at $3,065,000 after buying an additional 2,164 shares during the period. Finally, Cerity Partners LLC grew its position in PulteGroup by 17.6% during the second quarter. Cerity Partners LLC now owns 41,677 shares of the construction company’s stock valued at $4,395,000 after buying an additional 6,240 shares during the period. 89.90% of the stock is currently owned by institutional investors.
PulteGroup Trading Down 2.2% Shares of PulteGroup stock opened at $123.27 on Tuesday. PulteGroup, Inc. has a fifty-two week low of $108.32 and a fifty-two week high of $144.49. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.94 and a current ratio of 0.94. The company has a market capitalization of $23.48 billion, a P/E ratio of 11.92, a P/E/G ratio of 1.61 and a beta of 1.18. The company has a fifty day moving average of $123.07 and a 200 day moving average of $125.07.
PulteGroup (NYSE:PHM – Get Free Report) last posted its quarterly earnings results on Thursday, April 23rd. The construction company reported $1.79 EPS for the quarter, missing analysts’ consensus estimates of $1.80 by ($0.01). PulteGroup had a net margin of 12.14% and a return on equity of 16.41%. The business had revenue of $3.41 billion for the quarter, compared to the consensus estimate of $3.40 billion. During the same period in the prior year, the business earned $2.57 earnings per share. PulteGroup’s revenue was down 12.4% compared to the same quarter last year. On average, sell-side analysts anticipate that PulteGroup, Inc. will post 9.95 earnings per share for the current fiscal year.
PulteGroup Announces Dividend The firm also recently announced a quarterly dividend, which was paid on Thursday, July 2nd. Investors of record on Tuesday, June 16th were paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend was Tuesday, June 16th. PulteGroup’s dividend payout ratio (DPR) is 10.06%.
PulteGroup declared that its board has authorized a stock buyback plan on Thursday, April 23rd that authorizes the company to buyback $1.50 billion in shares. This buyback authorization authorizes the construction company to purchase up to 6.1% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its stock is undervalued.
Analyst Ratings Changes Several research firms have weighed in on PHM. Weiss Ratings downgraded shares of PulteGroup from a “buy (b-)” rating to a “hold (c)” rating in a research report on Monday, April 27th. Truist Financial reduced their price objective on PulteGroup from $170.00 to $150.00 and set a “buy” rating for the company in a research note on Thursday, April 16th. Seaport Research Partners reaffirmed a “sell” rating and issued a $100.00 target price (down from $155.00) on shares of PulteGroup in a report on Tuesday, April 7th. Citigroup raised their target price on PulteGroup from $136.00 to $138.00 and gave the stock a “neutral” rating in a report on Friday, April 24th. Finally, Oppenheimer reiterated an “outperform” rating on shares of PulteGroup in a research report on Tuesday, May 26th. Ten analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $142.21.
Get Our Latest Stock Analysis on PulteGroup
Insider Activity at PulteGroup In other PulteGroup news, Director Lila Snyder sold 3,339 shares of the stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $117.18, for a total transaction of $391,264.02. Following the completion of the sale, the director directly owned 3,540 shares of the company’s stock, valued at $414,817.20. This trade represents a 48.54% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO Matthew William Koart sold 7,457 shares of PulteGroup stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $120.00, for a total transaction of $894,840.00. Following the sale, the chief operating officer owned 28,100 shares in the company, valued at approximately $3,372,000. The trade was a 20.97% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.75% of the stock is currently owned by company insiders.
PulteGroup Company Profile (Free Report)
PulteGroup, Inc (NYSE: PHM) is a U.S.-based residential homebuilder that designs, constructs and sells single-family homes and develops master-planned communities. The company operates multiple national and regional brands that target different buyer segments, including first-time buyers, move-up buyers and active-adult customers. Its operations encompass land acquisition and development, home design and construction, community amenities and ongoing customer service and warranty programs.
PulteGroup markets homes under several well-known brands, such as Pulte Homes, Centex and Del Webb, among others, offering a range of product types from entry-level detached homes to larger, higher-end residences and age-restricted active-adult communities.
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Key Takeaways PulteGroup's Q2 EPS is estimated to be $2.38, down 21.5%, with revenues projected to fall 9.6%.Higher sequential closings and community growth may support PulteGroup despite affordability pressures.PulteGroup's gross margin is expected to be 24.2% as incentives, discounts and pricing pressure weigh. PulteGroup Inc. (PHM - Free Report) is scheduled to report its second-quarter 2026 results on July 22, before the opening bell.
In the last reported quarter, the company’s adjusted earnings per share (EPS) missed the Zacks Consensus Estimate by 0.6%, and revenues surpassed the same by 0.7%. On a year-over-year basis, adjusted EPS declined 30.4%, and revenues decreased 12.4% year over year.
PulteGroup’s earnings topped the consensus mark in three of the trailing four quarters and missed on one occasion, with an average surprise of 2.6%.
Trend in PHM Stock’s Estimate RevisionThe Zacks Consensus Estimate for PHM’s second-quarter EPS has increased to $2.38 from $2.36 over the past 30 days. The estimated figure indicates a 21.5% decrease from the year-ago EPS of $3.03.
The consensus mark for total revenues is pegged at $3.98 billion, implying a 9.6% year-over-year decline.
Factors Likely to Have Shaped PulteGroup’s Q2 EarningsTopline: PulteGroup’s second-quarter revenues are likely to have been supported by higher expected closing volumes. Management guided for 6,700-7,100 home closings during the quarter, reflecting a sequential increase from the first quarter as homes already under construction progressed toward delivery. Continued growth in community count, projected at 3-5% year over year, and the company's sizable land pipeline are likely to have supported sales activity.
For the second quarter, our model predicts home closings to decline 8.6% year over year to 6,982 units. Segment-wise, for the second quarter, our model predicts overall Homebuilding revenues (which contributed 97.9% to total revenues in the first quarter of 2026) to decrease 10.2% year over year to $3.87 billion. Our model expects Financial Services revenues (which contributed 2.1% to total revenues in the first quarter) to grow 0.4% year over year to $101.5 million.
Demand trends were expected to remain relatively resilient despite elevated mortgage rates. The company continued to benefit from healthy demand among move-up and active-adult buyers, particularly in Florida, the Northeast and parts of the Southeast, while its strategic shift toward a higher build-to-order mix likely enhanced order quality and future revenue visibility. Management also noted that buyer traffic remained healthy and seasonal demand trends held up well despite macroeconomic and geopolitical uncertainty.
However, affordability constraints likely continued to weigh on first-time buyers, limiting broader demand. Elevated incentives remained necessary to stimulate sales in a competitive housing market, while average selling prices (ASPs) were guided to a range of $540,000-$550,000, suggesting continued pricing pressure. Regional weakness in parts of Texas and the West, together with cautious consumer sentiment tied to mortgage rates, may also have constrained top-line growth. Our model predicts the ASP of homes closed to decrease 2.1% year over year to $547,200.
Margins: Margins are expected to have remained under pressure during the quarter. Management projected home sale gross margin of 24.1-24.4%, indicating that the second quarter is likely to represent the low point of the year. Elevated incentives, competitive pricing and the closing of previously sold spec homes carrying heavier discounts are expected to have weighed on profitability.
Our model predicts homebuilding gross margin to be 24.2% for the quarter, down from the year-ago period level of 27%. We predict SG&A expenses (as a percentage of home sales revenues) to be 9.2%, up 10 basis points year over year.
Nevertheless, lower construction costs, supported by reduced lumber prices and procurement savings across several building materials, likely provided some relief. Continued efforts to reduce finished spec inventory and disciplined production management are likely to have supported operational efficiency. Share repurchases, which reduced the average diluted share count, were expected to have provided a modest boost to EPS even as lower financial services profitability and softer pricing weighed on the bottom line.
Orders & Backlogs: Our model expects PulteGroup’s net new orders to be up 1.4% year over year to 7,180 units in the second quarter. We expect the total backlog to decline 1.4% to 10,625 units, with the total backlog value dropping 2.4% year over year to $6.68 billion.
What Our Model Unveils for PHMOur proven model does not conclusively predict an earnings beat for PulteGroup this time. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat, which is not the case here.
PHM’s Earnings ESP: The company has an Earnings ESP of 0.00%. You can uncover the best stocks before they’re reported with our Earnings ESP Filter.
Zacks Rank of PHM: The stock currently carries a Zacks Rank #3.
You can see the complete list of today’s Zacks #1 Rank stocks here.
Stocks to ConsiderHere are other companies in the Zacks Construction sector, which, according to our model, have the right combination of elements to post an earnings beat.
Boise Cascade Company (BCC - Free Report) has an Earnings ESP of +6.50% and a Zacks Rank of 1 at present.
Boise Cascade’s earnings beat estimates in two of the last four quarters, missed on one occasion and met on the remaining occasion, the average surprise being 40.8%. The company’s earnings for the second quarter of 2026 are expected to decline 25% year over year.
Dycom Industries, Inc. (DY - Free Report) currently has an Earnings ESP of +0.47% and a Zacks Rank of 1.
Dycom’s earnings beat estimates in all the last four quarters, the average surprise being 25%. The company’s earnings for the second quarter of fiscal 2027 are expected to increase 39.3% year over year.
CRH plc (CRH - Free Report) has an Earnings ESP of +4.08% and a Zacks Rank of 3.
CRH’s earnings beat estimates in two of the last four quarters, missed on one occasion and met on the remaining occasion, the average surprise being 0.7%. The company’s earnings for the second quarter of 2026 are expected to inch up 1% year over year.
Wall Street analysts forecast that PulteGroup (PHM - Free Report) will report quarterly earnings of $2.38 per share in its upcoming release, pointing to a year-over-year decline of 21.5%. It is anticipated that revenues will amount to $3.98 billion, exhibiting a decrease of 9.6% compared to the year-ago quarter.
Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted downward by 0.9% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.
That said, let's delve into the average estimates of some PulteGroup metrics that Wall Street analysts commonly model and monitor.
It is projected by analysts that the 'Homebuilding Revenues- Home sale revenues' will reach $3.93 billion. The estimate indicates a change of -8% from the prior-year quarter.
The collective assessment of analysts points to an estimated 'Revenues- Financial Services' of $101.06 million. The estimate points to a change of -0.1% from the year-ago quarter.
Based on the collective assessment of analysts, 'Homebuilding Revenues' should arrive at $3.96 billion. The estimate indicates a year-over-year change of -8%.
The consensus estimate for 'Homebuilding Revenues- Land sale and other revenues' stands at $43.16 million. The estimate indicates a year-over-year change of +24.7%.
The average prediction of analysts places 'Average selling price - Total' at $546.26 . The estimate compares to the year-ago value of $559.00 .
According to the collective judgment of analysts, 'Net new orders - units - Total' should come in at 7,371 . The estimate is in contrast to the year-ago figure of 7,083 .
Analysts predict that the 'Unit backlog - Total' will reach 10,811 . The estimate compares to the year-ago value of 10,779 .
The consensus among analysts is that 'Closings (units) - Total' will reach 6,987 . The estimate compares to the year-ago value of 7,639 .
Analysts forecast 'Average active communities' to reach 1,038 . The estimate is in contrast to the year-ago figure of 994 .
Analysts' assessment points toward 'Net new orders - dollars - Total' reaching $4.03 billion. Compared to the present estimate, the company reported $3.89 billion in the same quarter last year.
Analysts expect 'Backlog dollars - Total' to come in at $6.76 billion. The estimate compares to the year-ago value of $6.84 billion.
The combined assessment of analysts suggests that 'Income / (loss) before income taxes- Financial Services' will likely reach $44.86 million. The estimate is in contrast to the year-ago figure of $42.80 million.
View all Key Company Metrics for PulteGroup here>>>
Over the past month, PulteGroup shares have recorded returns of -0.7% versus the Zacks S&P 500 composite's +0.6% change. Based on its Zacks Rank #3 (Hold), PHM will likely exhibit a performance that aligns with the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
Bank of New York Mellon Corp trimmed its holdings in PulteGroup, Inc. (NYSE:PHM – Free Report) by 6.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,469,176 shares of the construction company’s stock after selling 100,963 shares during the quarter. Bank of New York Mellon Corp owned 0.77% of PulteGroup worth $172,790,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also modified their holdings of PHM. Focus Partners Wealth lifted its holdings in shares of PulteGroup by 20.5% during the 1st quarter. Focus Partners Wealth now owns 12,517 shares of the construction company’s stock worth $1,287,000 after acquiring an additional 2,128 shares during the period. EverSource Wealth Advisors LLC raised its position in PulteGroup by 197.1% in the second quarter. EverSource Wealth Advisors LLC now owns 1,212 shares of the construction company’s stock worth $128,000 after purchasing an additional 804 shares in the last quarter. Guggenheim Capital LLC raised its position in PulteGroup by 12.9% in the second quarter. Guggenheim Capital LLC now owns 8,519 shares of the construction company’s stock worth $898,000 after purchasing an additional 975 shares in the last quarter. Baird Financial Group Inc. lifted its stake in PulteGroup by 8.0% during the second quarter. Baird Financial Group Inc. now owns 29,060 shares of the construction company’s stock worth $3,065,000 after purchasing an additional 2,164 shares during the period. Finally, Cerity Partners LLC lifted its stake in PulteGroup by 17.6% during the second quarter. Cerity Partners LLC now owns 41,677 shares of the construction company’s stock worth $4,395,000 after purchasing an additional 6,240 shares during the period. Institutional investors and hedge funds own 89.90% of the company’s stock.
PulteGroup Stock Down 2.4% Shares of NYSE PHM opened at $125.92 on Friday. PulteGroup, Inc. has a 12-month low of $107.91 and a 12-month high of $144.49. The firm’s 50-day simple moving average is $122.92 and its 200 day simple moving average is $124.99. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.14. The company has a market cap of $23.99 billion, a price-to-earnings ratio of 12.18, a price-to-earnings-growth ratio of 1.61 and a beta of 1.18.
PulteGroup (NYSE:PHM – Get Free Report) last posted its quarterly earnings data on Thursday, April 23rd. The construction company reported $1.79 earnings per share for the quarter, missing the consensus estimate of $1.80 by ($0.01). PulteGroup had a net margin of 12.14% and a return on equity of 16.41%. The company had revenue of $3.41 billion during the quarter, compared to analyst estimates of $3.40 billion. During the same quarter in the previous year, the business posted $2.57 EPS. The company’s revenue was down 12.4% compared to the same quarter last year. On average, research analysts expect that PulteGroup, Inc. will post 9.95 earnings per share for the current fiscal year.
PulteGroup Announces Dividend The business also recently declared a quarterly dividend, which was paid on Thursday, July 2nd. Investors of record on Tuesday, June 16th were issued a $0.26 dividend. The ex-dividend date of this dividend was Tuesday, June 16th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.8%. PulteGroup’s dividend payout ratio (DPR) is currently 10.06%.
PulteGroup declared that its board has initiated a stock repurchase plan on Thursday, April 23rd that permits the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization permits the construction company to reacquire up to 6.1% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.
Wall Street Analyst Weigh In Several equities research analysts have recently weighed in on the company. UBS Group upped their price objective on PulteGroup from $159.00 to $162.00 and gave the company a “buy” rating in a research note on Friday, April 24th. Barclays raised their price objective on shares of PulteGroup from $112.00 to $123.00 and gave the stock an “equal weight” rating in a report on Tuesday. Evercore boosted their target price on PulteGroup from $146.00 to $151.00 and gave the stock an “outperform” rating in a report on Friday, April 24th. Oppenheimer reissued an “outperform” rating on shares of PulteGroup in a report on Tuesday, May 26th. Finally, Weiss Ratings lowered PulteGroup from a “buy (b-)” rating to a “hold (c)” rating in a research report on Monday, April 27th. Ten research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $142.21.
Get Our Latest Report on PulteGroup
Insider Buying and Selling In related news, Director Lila Snyder sold 3,339 shares of the business’s stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $117.18, for a total value of $391,264.02. Following the completion of the transaction, the director owned 3,540 shares in the company, valued at $414,817.20. The trade was a 48.54% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, COO Matthew William Koart sold 7,457 shares of the company’s stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $120.00, for a total value of $894,840.00. Following the transaction, the chief operating officer directly owned 28,100 shares in the company, valued at approximately $3,372,000. This represents a 20.97% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 0.75% of the company’s stock.
About PulteGroup (Free Report)
PulteGroup, Inc (NYSE: PHM) is a U.S.-based residential homebuilder that designs, constructs and sells single-family homes and develops master-planned communities. The company operates multiple national and regional brands that target different buyer segments, including first-time buyers, move-up buyers and active-adult customers. Its operations encompass land acquisition and development, home design and construction, community amenities and ongoing customer service and warranty programs.
PulteGroup markets homes under several well-known brands, such as Pulte Homes, Centex and Del Webb, among others, offering a range of product types from entry-level detached homes to larger, higher-end residences and age-restricted active-adult communities.
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In the latest trading session, PulteGroup (PHM - Free Report) closed at $129.02, marking a +2.89% move from the previous day. This change outpaced the S&P 500's 0.51% loss on the day. Elsewhere, the Dow lost 0.2%, while the tech-heavy Nasdaq lost 1.47%.
The homebuilder's shares have seen an increase of 2.88% over the last month, surpassing the Construction sector's loss of 4.14% and the S&P 500's gain of 0.53%.
Market participants will be closely following the financial results of PulteGroup in its upcoming release. The company plans to announce its earnings on July 22, 2026. The company is forecasted to report an EPS of $2.38, showcasing a 21.45% downward movement from the corresponding quarter of the prior year. Meanwhile, the latest consensus estimate predicts the revenue to be $3.98 billion, indicating a 9.61% decrease compared to the same quarter of the previous year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $9.95 per share and a revenue of $16.4 billion, indicating changes of -13.02% and -5.25%, respectively, from the former year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for PulteGroup. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 0.22% downward. At present, PulteGroup boasts a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that PulteGroup has a Forward P/E ratio of 12.6 right now. This represents a discount compared to its industry average Forward P/E of 14.67.
Meanwhile, PHM's PEG ratio is currently 1.6. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. PHM's industry had an average PEG ratio of 2.49 as of yesterday's close.
The Building Products - Home Builders industry is part of the Construction sector. At present, this industry carries a Zacks Industry Rank of 173, placing it within the bottom 30% of over 250 industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
PulteGroup is growing total orders by opening more communities, but each community is selling fewer homes, which points to weaker underlying demand. High mortgage rates are forcing Pulte to lean harder on discounts and rate buydowns, helping volumes but cutting into pricing and gross margins. 2Q26 will matter less for the headline EPS and more for whether margins, incentives, absorption, and backlog finally show signs of stabilizing.
In the latest trading session, PulteGroup (PHM - Free Report) closed at $129.92, marking a -1.11% move from the previous day. The stock's performance was behind the S&P 500's daily loss of 0.45%. At the same time, the Dow lost 0.25%, and the tech-heavy Nasdaq lost 1.16%.
Shares of the homebuilder have appreciated by 11.61% over the course of the past month, outperforming the Construction sector's gain of 2.14%, and the S&P 500's gain of 2.14%.
Market participants will be closely following the financial results of PulteGroup in its upcoming release. The company plans to announce its earnings on July 22, 2026. The company's earnings per share (EPS) are projected to be $2.38, reflecting a 21.45% decrease from the same quarter last year. At the same time, our most recent consensus estimate is projecting a revenue of $3.98 billion, reflecting a 9.61% fall from the equivalent quarter last year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $9.95 per share and a revenue of $16.4 billion, indicating changes of -13.02% and -5.25%, respectively, from the former year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for PulteGroup. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.22% lower. PulteGroup presently features a Zacks Rank of #3 (Hold).
Investors should also note PulteGroup's current valuation metrics, including its Forward P/E ratio of 13.21. This expresses a discount compared to the average Forward P/E of 15.39 of its industry.
It is also worth noting that PHM currently has a PEG ratio of 1.67. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The average PEG ratio for the Building Products - Home Builders industry stood at 2.56 at the close of the market yesterday.
The Building Products - Home Builders industry is part of the Construction sector. This industry currently has a Zacks Industry Rank of 214, which puts it in the bottom 14% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
PulteGroup (PHM - Free Report) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.
Over the past month, shares of this homebuilder have returned +12.9%, compared to the Zacks S&P 500 composite's -0.9% change. During this period, the Zacks Building Products - Home Builders industry, which PulteGroup falls in, has gained 8.6%. The key question now is: What could be the stock's future direction?
While media releases or rumors about a substantial change in a company's business prospects usually make its stock 'trending' and lead to an immediate price change, there are always some fundamental facts that eventually dominate the buy-and-hold decision-making.
Revisions to Earnings EstimatesHere at Zacks, we prioritize appraising the change in the projection of a company's future earnings over anything else. That's because we believe the present value of its future stream of earnings is what determines the fair value for its stock.
We essentially look at how sell-side analysts covering the stock are revising their earnings estimates to reflect the impact of the latest business trends. And if earnings estimates go up for a company, the fair value for its stock goes up. A higher fair value than the current market price drives investors' interest in buying the stock, leading to its price moving higher. This is why empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
For the current quarter, PulteGroup is expected to post earnings of $2.38 per share, indicating a change of -21.5% from the year-ago quarter. The Zacks Consensus Estimate has changed -0.9% over the last 30 days.
For the current fiscal year, the consensus earnings estimate of $9.95 points to a change of -13% from the prior year. Over the last 30 days, this estimate has changed -0.2%.
For the next fiscal year, the consensus earnings estimate of $10.97 indicates a change of +10.2% from what PulteGroup is expected to report a year ago. Over the past month, the estimate has changed -1.1%.
With an impressive externally audited track record, our proprietary stock rating tool -- the Zacks Rank -- is a more conclusive indicator of a stock's near-term price performance, as it effectively harnesses the power of earnings estimate revisions. The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #4 (Sell) for PulteGroup.
The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:
12 Month EPS
Revenue Growth ForecastWhile earnings growth is arguably the most superior indicator of a company's financial health, nothing happens as such if a business isn't able to grow its revenues. After all, it's nearly impossible for a company to increase its earnings for an extended period without increasing its revenues. So, it's important to know a company's potential revenue growth.
In the case of PulteGroup, the consensus sales estimate of $3.98 billion for the current quarter points to a year-over-year change of -9.6%. The $16.4 billion and $16.82 billion estimates for the current and next fiscal years indicate changes of -5.2% and +2.6%, respectively.
Last Reported Results and Surprise HistoryPulteGroup reported revenues of $3.41 billion in the last reported quarter, representing a year-over-year change of -12.4%. EPS of $1.79 for the same period compares with $2.57 a year ago.
Compared to the Zacks Consensus Estimate of $3.38 billion, the reported revenues represent a surprise of +0.7%. The EPS surprise was -0.56%.
Over the last four quarters, PulteGroup surpassed consensus EPS estimates three times. The company topped consensus revenue estimates each time over this period.
ValuationWithout considering a stock's valuation, no investment decision can be efficient. In predicting a stock's future price performance, it's crucial to determine whether its current price correctly reflects the intrinsic value of the underlying business and the company's growth prospects.
Comparing the current value of a company's valuation multiples, such as its price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), to its own historical values helps ascertain whether its stock is fairly valued, overvalued, or undervalued, whereas comparing the company relative to its peers on these parameters gives a good sense of how reasonable its stock price is.
The Zacks Value Style Score (part of the Zacks Style Scores system), which pays close attention to both traditional and unconventional valuation metrics to grade stocks from A to F (an A is better than a B; a B is better than a C; and so on), is pretty helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.
PulteGroup is graded B on this front, indicating that it is trading at a discount to its peers. Click here to see the values of some of the valuation metrics that have driven this grade.
ConclusionThe facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about PulteGroup. However, its Zacks Rank #4 does suggest that it may underperform the broader market in the near term.
PulteGroup (PHM - Free Report) closed the most recent trading day at $132.59, moving -3.37% from the previous trading session. This move lagged the S&P 500's daily loss of 0.22%. Meanwhile, the Dow experienced a drop of 0.03%, and the technology-dominated Nasdaq saw a decrease of 0.66%.
Prior to today's trading, shares of the homebuilder had gained 16.51% outpaced the Construction sector's gain of 5.89% and the S&P 500's loss of 1.21%.
Investors will be eagerly watching for the performance of PulteGroup in its upcoming earnings disclosure. The company's earnings report is set to be unveiled on July 22, 2026. It is anticipated that the company will report an EPS of $2.38, marking a 21.45% fall compared to the same quarter of the previous year. In the meantime, our current consensus estimate forecasts the revenue to be $3.98 billion, indicating a 9.61% decline compared to the corresponding quarter of the prior year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $9.95 per share and a revenue of $16.4 billion, representing changes of -13.02% and -5.25%, respectively, from the prior year.
It's also important for investors to be aware of any recent modifications to analyst estimates for PulteGroup. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.22% decrease. PulteGroup presently features a Zacks Rank of #4 (Sell).
In the context of valuation, PulteGroup is at present trading with a Forward P/E ratio of 13.79. This denotes a discount relative to the industry average Forward P/E of 15.87.
It's also important to note that PHM currently trades at a PEG ratio of 1.75. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The average PEG ratio for the Building Products - Home Builders industry stood at 2.6 at the close of the market yesterday.
The Building Products - Home Builders industry is part of the Construction sector. This group has a Zacks Industry Rank of 221, putting it in the bottom 11% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
Resort-inspired lifestyle destination will serve homebuyers in Pasco County's fastest-growing corridor
ATLANTA--(BUSINESS WIRE)--PulteGroup, Inc. (NYSE: PHM), one of the nation’s largest homebuilders, has acquired approximately 419 acres of land in Pasco County where it will develop the new Explore by Del Webb Verona community, the company announced today. PulteGroup will break ground on the new community later this month, with plans for 843 homesites and home sales beginning in mid-2027.
This project will transform the site into a resort-inspired lifestyle destination with luxury homes and amenities in a desirable location along the SR-52 corridor — one of the fastest-developing areas in one of the nation's most rapidly growing counties.
Explore by Del Webb Verona will be the latest addition to the new and growing Explore by Del Webb brand, which is designed for homebuyers who are seeking world-class amenities and a vibrant lifestyle as they enter a new chapter of life. Explore builds on the Del Webb brand’s decades of experience, creating lifestyle-focused communities for active adults.
Nationally, Verona is the fourth community announced under the rapidly growing Explore by Del Webb brand and the second in Florida. Verona follows the successful launch of North River Ranch in Parrish.
“Today’s homebuyers are looking for more than a home — they want amenities and a community that enhance their lifestyle,” said Sean Strickler, President of PulteGroup’s West Florida Division. “Explore by Del Webb Verona will bring that vision to life with stunning home designs, outstanding amenities, wellness-focused programming and a community experience designed for how people want to live today.”
Explore by Del Webb Verona will offer a wide range of amenities designed to enrich everyday living, including fitness and movement studios, massage rooms, infrared saunas, cold plunges, a lazy river, pickleball courts, a bar and grill, gathering spaces and more.
Explore selected the Pasco County site because of the area’s thriving job market and growing reputation as a lifestyle destination. Future residents will enjoy convenient access to I-75 and the Suncoast Expressway, connecting them to downtown Tampa, Tampa International Airport, the Gulf Coast, and countless dining, entertainment, recreation, and exploration opportunities. The next adventure is always within reach.
“Pasco County is one of Florida’s fastest-growing markets and Explore by Del Webb Verona is an opportunity for our team to create something truly distinctive along the SR-52 corridor,” Strickler said. “This new community will combine the convenience of a well-connected location with the amenities, programming, and sense of community today’s active homebuyers are seeking.”
Explore by Del Webb Verona marks the beginning of Verona’s larger master-planned vision, which is expected to include 2,800 homesites, a school, commercial parcels and preserved conservation areas. For more information about Explore by Del Webb, visit DelWebb.com/ExploreVerona.
About PulteGroup
PulteGroup, Inc. (NYSE: PHM), based in Atlanta, Georgia, is one of America’s largest homebuilding companies with operations in more than 45 markets throughout the country. Through its brand portfolio that includes Centex, Pulte Homes, Del Webb, DiVosta Homes and John Wieland Homes and Neighborhoods, the company is one of the industry’s most versatile homebuilders able to meet the needs of multiple buyer groups and respond to changing consumer demand. PulteGroup’s purpose is building incredible places where people can live their dreams.
For more information about PulteGroup, Inc. and PulteGroup brands, go to pultegroup.com; pulte.com; centex.com; delwebb.com; divosta.com; and jwhomes.com. Follow PulteGroup, Inc. on X: @PulteGroupNews.
About PulteGroup West Florida
PulteGroup’s West Florida Division serves the Tampa Bay region, bringing quality-built homes, vibrant communities, and responsible corporate citizenship to the area.
On June 24, 2026, PulteGroup Inc (PHM) shares rose 7.2% to a current price of $135.71. This rise comes in the context of a 52-week high of $144.50 and a low of
PulteGroup (PHM - Free Report) ended the recent trading session at $125.62, demonstrating a -1.06% change from the preceding day's closing price. This move lagged the S&P 500's daily loss of 0.37%. Meanwhile, the Dow experienced a rise of 0.29%, and the technology-dominated Nasdaq saw a decrease of 1.33%.
Coming into today, shares of the homebuilder had gained 9.04% in the past month. In that same time, the Construction sector gained 10.2%, while the S&P 500 gained 2.02%.
The upcoming earnings release of PulteGroup will be of great interest to investors. The company's earnings report is expected on July 22, 2026. The company is expected to report EPS of $2.43, down 19.8% from the prior-year quarter. Simultaneously, our latest consensus estimate expects the revenue to be $4.03 billion, showing a 8.53% drop compared to the year-ago quarter.
PHM's full-year Zacks Consensus Estimates are calling for earnings of $10 per share and revenue of $16.4 billion. These results would represent year-over-year changes of -12.59% and -5.29%, respectively.
It is also important to note the recent changes to analyst estimates for PulteGroup. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. Right now, PulteGroup possesses a Zacks Rank of #3 (Hold).
Looking at its valuation, PulteGroup is holding a Forward P/E ratio of 12.7. This valuation marks a discount compared to its industry average Forward P/E of 15.14.
It is also worth noting that PHM currently has a PEG ratio of 1.61. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. Building Products - Home Builders stocks are, on average, holding a PEG ratio of 1.96 based on yesterday's closing prices.
The Building Products - Home Builders industry is part of the Construction sector. This industry, currently bearing a Zacks Industry Rank of 216, finds itself in the bottom 12% echelons of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
New findings suggest today's move-up buyers are redefining what it means to upgrade, balancing functionality, lifestyle fit and thoughtful design and the right amount of space for their needs.
ATLANTA--(BUSINESS WIRE)--For today's move-up homebuyers, the dream of a new home doesn't necessarily mean more space. It means better space.
According to a new national survey conducted by PulteGroup among 1,325 U.S. homeowners who recently purchased their next home, a majority (51%) bought a home the same size or smaller than their previous one. Yet regardless of whether they purchased a larger, similarly sized or smaller home, 78% said their new home met or exceeded expectations. The findings suggest today’s move-up buyers are increasingly prioritizing functionality, design and lifestyle alongside square footage when evaluating their next home.
Life-stage changes are also influencing purchasing decisions. Respondents cited a major life change, such as a growing family or aging parents (25%), as the top reason for purchasing a new home, followed by feeling that the timing was right to move (24%) and needing more space (22%).
While younger buyers were more likely to purchase larger homes, older buyers increasingly opted for homes that better matched their lifestyle needs, underscoring how life stage is shaping today’s definition of a move-up home.
Once the decision was made, many buyers moved quickly, with more than half (56%) saying they considered moving for less than a year before purchasing their next home.
More than half (51%) said the kitchen became the most valuable space after moving, ranking ahead of the living or family room (38%), garage (26%) and flex space (24%). When shopping for their next home, 37% of buyers said a modern or upgraded kitchen was a must-have feature, second only to location (55%).
The finding aligns with trends identified in PulteGroup's most recent Design Trends Forecast, which found homeowners increasingly gravitating toward oversized kitchen islands, integrated dining areas and open gathering spaces that bring people together. Flexible rooms, outdoor living spaces and layouts that support evolving family needs also continue gaining traction among today's buyers.
“For years, moving up was often associated primarily with buying more square footage,” said Angela Nuessle, national vice president of interior design at PulteGroup. "What we’re seeing today is that buyers are becoming more intentional about how they evaluate value in a home. They’re placing greater value on homes that support the way they live, whether that’s putting more emphasis on a well-designed kitchen, an increased desire for flexible spaces that meet the needs of evolving families or outdoor areas that extend everyday living."
These priorities appear to be paying off. Nearly half (47%) of respondents said their overall comfort and enjoyment of life improved after moving, while 26% said their ability to host and entertain improved. At a time when many homeowners are being thoughtful and carefully evaluating their next move, the findings of this latest survey suggest buyers are looking for the right combination of space, design and functionality to support their lifestyles and evolving needs.
PulteGroup conducted the online survey in May 2026 among 1,325 U.S. homeowners who recently purchased their next home.
About PulteGroup
PulteGroup, Inc. (NYSE: PHM), based in Atlanta, Georgia, is one of America’s largest homebuilding companies with operations in more than 45 markets throughout the country. Through its brand portfolio that includes Centex, Pulte Homes, Del Webb, DiVosta Homes, and John Wieland Homes and Neighborhoods, the company is one of the industry’s most versatile homebuilders able to meet the needs of multiple buyer groups and respond to changing consumer demand. PulteGroup’s purpose is building incredible places where people can live their dreams.
For more information about PulteGroup, Inc. and PulteGroup brands, go to pultegroup.com; pulte.com; centex.com; delwebb.com; divosta.com; and jwhomes.com. Follow PulteGroup, Inc. on X: @PulteGroupNews.
PulteGroup (PHM - Free Report) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.
Over the past month, shares of this homebuilder have returned +7.4%, compared to the Zacks S&P 500 composite's -1.3% change. During this period, the Zacks Building Products - Home Builders industry, which PulteGroup falls in, has gained 7%. The key question now is: What could be the stock's future direction?
While media releases or rumors about a substantial change in a company's business prospects usually make its stock 'trending' and lead to an immediate price change, there are always some fundamental facts that eventually dominate the buy-and-hold decision-making.
Revisions to Earnings EstimatesRather than focusing on anything else, we at Zacks prioritize evaluating the change in a company's earnings projection. This is because we believe the fair value for its stock is determined by the present value of its future stream of earnings.
We essentially look at how sell-side analysts covering the stock are revising their earnings estimates to reflect the impact of the latest business trends. And if earnings estimates go up for a company, the fair value for its stock goes up. A higher fair value than the current market price drives investors' interest in buying the stock, leading to its price moving higher. This is why empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
PulteGroup is expected to post earnings of $2.38 per share for the current quarter, representing a year-over-year change of -21.5%. Over the last 30 days, the Zacks Consensus Estimate has changed +0.8%.
The consensus earnings estimate of $9.95 for the current fiscal year indicates a year-over-year change of -13%. This estimate has changed -0.2% over the last 30 days.
For the next fiscal year, the consensus earnings estimate of $10.97 indicates a change of +10.2% from what PulteGroup is expected to report a year ago. Over the past month, the estimate has changed -1.1%.
Having a strong externally audited track record, our proprietary stock rating tool, the Zacks Rank, offers a more conclusive picture of a stock's price direction in the near term, since it effectively harnesses the power of earnings estimate revisions. Due to the size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, PulteGroup is rated Zacks Rank #4 (Sell).
The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:
12 Month EPS
Revenue Growth ForecastEven though a company's earnings growth is arguably the best indicator of its financial health, nothing much happens if it cannot raise its revenues. It's almost impossible for a company to grow its earnings without growing its revenue for long periods. Therefore, knowing a company's potential revenue growth is crucial.
For PulteGroup, the consensus sales estimate for the current quarter of $4.06 billion indicates a year-over-year change of -7.8%. For the current and next fiscal years, $16.38 billion and $16.82 billion estimates indicate -5.4% and +2.7% changes, respectively.
Last Reported Results and Surprise HistoryPulteGroup reported revenues of $3.41 billion in the last reported quarter, representing a year-over-year change of -12.4%. EPS of $1.79 for the same period compares with $2.57 a year ago.
Compared to the Zacks Consensus Estimate of $3.38 billion, the reported revenues represent a surprise of +0.7%. The EPS surprise was -0.56%.
Over the last four quarters, PulteGroup surpassed consensus EPS estimates three times. The company topped consensus revenue estimates each time over this period.
ValuationWithout considering a stock's valuation, no investment decision can be efficient. In predicting a stock's future price performance, it's crucial to determine whether its current price correctly reflects the intrinsic value of the underlying business and the company's growth prospects.
While comparing the current values of a company's valuation multiples, such as price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), with its own historical values helps determine whether its stock is fairly valued, overvalued, or undervalued, comparing the company relative to its peers on these parameters gives a good sense of the reasonability of the stock's price.
The Zacks Value Style Score (part of the Zacks Style Scores system), which pays close attention to both traditional and unconventional valuation metrics to grade stocks from A to F (an A is better than a B; a B is better than a C; and so on), is pretty helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.
PulteGroup is graded B on this front, indicating that it is trading at a discount to its peers. Click here to see the values of some of the valuation metrics that have driven this grade.
ConclusionThe facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about PulteGroup. However, its Zacks Rank #4 does suggest that it may underperform the broader market in the near term.
INDIO, Calif.--(BUSINESS WIRE)--Del Webb recently celebrated a major milestone at Del Webb Desert Retreat with the official groundbreaking of the community’s future resort-style clubhouse, the social centerpiece of the new active-adult neighborhood.
Community leaders, project partners, and team members gathered to commemorate the occasion, including Norman Brown, PulteGroup’s Southern California Division President, and Elaine Holmes, Mayor of the City of Indio, who joined in the ceremonial shovel turn marking the next phase of development for the highly anticipated 55+ community.
Once complete, the clubhouse will offer residents a wide range of resort-style amenities designed to support active and social living, including a fitness center and aerobics studio, an indoor golf simulator, a ballroom, arts and billiards rooms, a food and beverage bar, and a resort-style pool and Jacuzzi.
“The clubhouse will be so much more than just an amenity center. It represents the heart of the community and the lifestyle our residents are looking for,” said Brown. "It's where neighbors will gather, friendships will form, and residents can enjoy the activities, experiences, and connections that make Del Webb communities so special."
Del Webb Desert Retreat marks Del Webb’s return to Indio and the Greater Palm Springs region, where the builder has delivered more than 10,000 homes throughout the Coachella Valley over its long history in the market.
Construction of the clubhouse is being supported by RCS Construction Management and Capital Building Services.
The gated community will feature homes ranging from approximately 1,444 to 2,722 square feet with flexible floor plans offering 2–3 bedrooms and 2–2.5 bathrooms. Pricing starts in the mid-$400,000s.
The clubhouse is expected to be completed in the summer of 2027.
About Del Webb
Del Webb is a national brand of PulteGroup, Inc. (NYSE: PHM). Del Webb is the pioneer in active adult communities and America’s leading builder of new consumer-inspired homes and communities for active adults ages 55+ who want to continue to explore, grow, and learn, socially, physically, and intellectually as they look forward to retirement. For more information on Del Webb, visit delwebb.com.
PulteGroup (PHM) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.
In the latest close session, PulteGroup (PHM - Free Report) was up +1.56% at $124.76. The stock outpaced the S&P 500's daily loss of 0.57%. Meanwhile, the Dow experienced a rise of 0.64%, and the technology-dominated Nasdaq saw a decrease of 1.15%.
Shares of the homebuilder have appreciated by 9.89% over the course of the past month, outperforming the Construction sector's gain of 4.86%, and the S&P 500's gain of 2.14%.
Market participants will be closely following the financial results of PulteGroup in its upcoming release. The company plans to announce its earnings on July 22, 2026. In that report, analysts expect PulteGroup to post earnings of $2.43 per share. This would mark a year-over-year decline of 19.8%. In the meantime, our current consensus estimate forecasts the revenue to be $4.03 billion, indicating a 8.53% decline compared to the corresponding quarter of the prior year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $10 per share and a revenue of $16.4 billion, signifying shifts of -12.59% and -5.29%, respectively, from the last year.
Investors should also pay attention to any latest changes in analyst estimates for PulteGroup. These revisions help to show the ever-changing nature of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. PulteGroup is currently a Zacks Rank #3 (Hold).
From a valuation perspective, PulteGroup is currently exchanging hands at a Forward P/E ratio of 12.29. This valuation marks a discount compared to its industry average Forward P/E of 14.67.
It is also worth noting that PHM currently has a PEG ratio of 1.56. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. Building Products - Home Builders stocks are, on average, holding a PEG ratio of 1.94 based on yesterday's closing prices.
The Building Products - Home Builders industry is part of the Construction sector. Currently, this industry holds a Zacks Industry Rank of 228, positioning it in the bottom 7% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
PulteGroup (PHM - Free Report) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.
Over the past month, shares of this homebuilder have returned +11.3%, compared to the Zacks S&P 500 composite's +9.3% change. During this period, the Zacks Building Products - Home Builders industry, which PulteGroup falls in, has gained 7.3%. The key question now is: What could be the stock's future direction?
While media releases or rumors about a substantial change in a company's business prospects usually make its stock 'trending' and lead to an immediate price change, there are always some fundamental facts that eventually dominate the buy-and-hold decision-making.
Earnings Estimate RevisionsHere at Zacks, we prioritize appraising the change in the projection of a company's future earnings over anything else. That's because we believe the present value of its future stream of earnings is what determines the fair value for its stock.
Our analysis is essentially based on how sell-side analysts covering the stock are revising their earnings estimates to take the latest business trends into account. When earnings estimates for a company go up, the fair value for its stock goes up as well. And when a stock's fair value is higher than its current market price, investors tend to buy the stock, resulting in its price moving upward. Because of this, empirical studies indicate a strong correlation between trends in earnings estimate revisions and short-term stock price movements.
For the current quarter, PulteGroup is expected to post earnings of $2.58 per share, indicating a change of -14.9% from the year-ago quarter. The Zacks Consensus Estimate has changed -3.3% over the last 30 days.
The consensus earnings estimate of $10.04 for the current fiscal year indicates a year-over-year change of -12.2%. This estimate has changed -1% over the last 30 days.
For the next fiscal year, the consensus earnings estimate of $11.17 indicates a change of +11.2% from what PulteGroup is expected to report a year ago. Over the past month, the estimate has changed -2.3%.
With an impressive externally audited track record, our proprietary stock rating tool -- the Zacks Rank -- is a more conclusive indicator of a stock's near-term price performance, as it effectively harnesses the power of earnings estimate revisions. The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #3 (Hold) for PulteGroup.
The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:
12 Month EPS
Projected Revenue GrowthEven though a company's earnings growth is arguably the best indicator of its financial health, nothing much happens if it cannot raise its revenues. It's almost impossible for a company to grow its earnings without growing its revenue for long periods. Therefore, knowing a company's potential revenue growth is crucial.
In the case of PulteGroup, the consensus sales estimate of $4.26 billion for the current quarter points to a year-over-year change of -3.3%. The $16.5 billion and $17.1 billion estimates for the current and next fiscal years indicate changes of -4.7% and +3.6%, respectively.
Last Reported Results and Surprise HistoryPulteGroup reported revenues of $3.41 billion in the last reported quarter, representing a year-over-year change of -12.4%. EPS of $1.79 for the same period compares with $2.57 a year ago.
Compared to the Zacks Consensus Estimate of $3.38 billion, the reported revenues represent a surprise of +0.7%. The EPS surprise was -0.56%.
Over the last four quarters, PulteGroup surpassed consensus EPS estimates three times. The company topped consensus revenue estimates each time over this period.
ValuationWithout considering a stock's valuation, no investment decision can be efficient. In predicting a stock's future price performance, it's crucial to determine whether its current price correctly reflects the intrinsic value of the underlying business and the company's growth prospects.
While comparing the current values of a company's valuation multiples, such as price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), with its own historical values helps determine whether its stock is fairly valued, overvalued, or undervalued, comparing the company relative to its peers on these parameters gives a good sense of the reasonability of the stock's price.
As part of the Zacks Style Scores system, the Zacks Value Style Score (which evaluates both traditional and unconventional valuation metrics) organizes stocks into five groups ranging from A to F (A is better than B; B is better than C; and so on), making it helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.
PulteGroup is graded B on this front, indicating that it is trading at a discount to its peers. Click here to see the values of some of the valuation metrics that have driven this grade.
ConclusionThe facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about PulteGroup. However, its Zacks Rank #3 does suggest that it may perform in line with the broader market in the near term.
Concurrent Investment Advisors LLC lifted its stake in PulteGroup, Inc. (NYSE:PHM – Free Report) by 166.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,753 shares of the construction company’s stock after acquiring an additional 10,467 shares during the period. Concurrent Investment Advisors LLC’s holdings in PulteGroup were worth $1,964,000 at the end of the most recent reporting period.
A number of other large investors have also recently made changes to their positions in PHM. Massachusetts Financial Services Co. MA bought a new stake in PulteGroup during the third quarter valued at $315,883,000. AGF Management Ltd. bought a new stake in PulteGroup during the third quarter valued at $174,347,000. American Century Companies Inc. boosted its stake in PulteGroup by 120.4% during the third quarter. American Century Companies Inc. now owns 1,703,049 shares of the construction company’s stock valued at $225,024,000 after buying an additional 930,287 shares during the period. Franklin Resources Inc. boosted its stake in PulteGroup by 5.0% during the third quarter. Franklin Resources Inc. now owns 12,900,271 shares of the construction company’s stock valued at $1,704,513,000 after buying an additional 609,640 shares during the period. Finally, First Trust Advisors LP boosted its stake in PulteGroup by 13.3% during the third quarter. First Trust Advisors LP now owns 3,623,917 shares of the construction company’s stock valued at $478,828,000 after buying an additional 424,011 shares during the period. 89.90% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In A number of research firms have weighed in on PHM. Seaport Research Partners restated a “sell” rating and set a $100.00 price target (down from $155.00) on shares of PulteGroup in a research report on Tuesday, April 7th. Zacks Research upgraded PulteGroup from a “strong sell” rating to a “hold” rating in a research report on Monday, April 13th. Truist Financial lowered their price target on PulteGroup from $170.00 to $150.00 and set a “buy” rating on the stock in a research report on Thursday, April 16th. Wells Fargo & Company raised their price target on PulteGroup from $132.00 to $140.00 and gave the company an “overweight” rating in a research report on Friday. Finally, Weiss Ratings upgraded PulteGroup from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, January 12th. Eleven investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, PulteGroup has an average rating of “Moderate Buy” and an average price target of $140.71.
Get Our Latest Analysis on PHM
Insider Activity at PulteGroup In other PulteGroup news, insider Ryan Marshall sold 111,250 shares of PulteGroup stock in a transaction that occurred on Thursday, February 5th. The stock was sold at an average price of $133.86, for a total transaction of $14,891,925.00. Following the sale, the insider directly owned 659,392 shares of the company’s stock, valued at approximately $88,266,213.12. The trade was a 14.44% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Matthew William Koart sold 15,309 shares of PulteGroup stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $135.79, for a total value of $2,078,809.11. Following the sale, the chief operating officer directly owned 42,418 shares in the company, valued at approximately $5,759,940.22. The trade was a 26.52% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 149,952 shares of company stock worth $20,162,165 over the last 90 days. 0.75% of the stock is owned by insiders.
PulteGroup Stock Down 2.7% PHM opened at $124.87 on Wednesday. The company has a market cap of $23.79 billion, a P/E ratio of 12.08, a P/E/G ratio of 1.62 and a beta of 1.33. The business’s 50-day moving average price is $124.96 and its 200-day moving average price is $124.73. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.14. PulteGroup, Inc. has a 12 month low of $95.20 and a 12 month high of $144.49.
PulteGroup (NYSE:PHM – Get Free Report) last released its quarterly earnings data on Thursday, April 23rd. The construction company reported $1.79 EPS for the quarter, missing the consensus estimate of $1.80 by ($0.01). PulteGroup had a return on equity of 16.41% and a net margin of 12.14%.The company had revenue of $3.41 billion during the quarter, compared to analysts’ expectations of $3.40 billion. During the same quarter in the prior year, the firm posted $2.57 EPS. The firm’s quarterly revenue was down 12.4% on a year-over-year basis. On average, equities analysts expect that PulteGroup, Inc. will post 10.06 EPS for the current year.
PulteGroup Dividend Announcement The firm also recently declared a quarterly dividend, which was paid on Thursday, April 2nd. Investors of record on Tuesday, March 17th were issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date was Tuesday, March 17th. PulteGroup’s payout ratio is currently 10.06%.
PulteGroup declared that its board has initiated a stock repurchase plan on Thursday, April 23rd that allows the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization allows the construction company to repurchase up to 6.1% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s management believes its stock is undervalued.
PulteGroup Profile (Free Report)
PulteGroup, Inc (NYSE: PHM) is a U.S.-based residential homebuilder that designs, constructs and sells single-family homes and develops master-planned communities. The company operates multiple national and regional brands that target different buyer segments, including first-time buyers, move-up buyers and active-adult customers. Its operations encompass land acquisition and development, home design and construction, community amenities and ongoing customer service and warranty programs.
PulteGroup markets homes under several well-known brands, such as Pulte Homes, Centex and Del Webb, among others, offering a range of product types from entry-level detached homes to larger, higher-end residences and age-restricted active-adult communities.
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ATLANTA--(BUSINESS WIRE)--PulteGroup, Inc. (NYSE: PHM) announced today that its Board of Directors has declared a quarterly dividend of $0.26 per common share payable July 2, 2026, to shareholders of record at the close of business on June 16, 2026. About PulteGroup PulteGroup, Inc. (NYSE: PHM), based in Atlanta, Georgia, is one of America's largest homebuilding companies with operations in more than 45 markets throughout the country. Through its brand portfolio that includes Pulte Homes, Cente.
Span, a California-based startup, has developed small, fractional data centers, or “nodes,” called XFRA units. The idea is to take advantage of unused electrical capacity on local grids, which the Span smart panels can pinpoint.
The Suburb as Server Farm NVIDIA (NASDAQ:NVDA | NVDA Price Prediction) wants the next AI factory to sit in your garage. Through a partnership with California startup Span, the chipmaker is teaming with homebuilder PulteGroup (NYSE:PHM) to deploy residential “XFRA units,” small data centers bolted onto new houses that tap unused grid capacity through Span’s smart panels.
The pitch is brutal math. Span claims it can deploy 8,000 units six times faster and at one-fifth the cost of building a comparable 100-megawatt centralized data center, while a traditional data center uses as much electricity as 100,000 households. Span CEO Arch Rao says the model helps “meet what is clearly an insatiable demand for more compute, much more cost effectively, while benefiting individual consumers.” Homeowners get a flat fee for power and Wi-Fi while being compensated based on Span’s energy and network use.
Why Pulte Matters PulteGroup operates 1,043 active communities across more than 45 markets, giving NVIDIA national distribution into freshly poured slabs. The timing helps. Housing starts hit 1.50 million annualized units in March 2026, up 7.4% month over month, sitting in the 90.9th percentile of historical activity. Pulte itself logged net new orders of 8,034 homes in Q1 2026, up 3% year over year.
The Edge AI Stack Behind It The home node plugs into NVIDIA’s broader edge arsenal: DGX Spark personal AI supercomputers, the RTX PRO 5000 72GB Blackwell GPU for local agentic workflows, BlueField-4 data processors, Jetson AGX Thor for robotics, and GeForce RTX 5060 cards starting at $299. CFO Colette Kress told investors that “DGX Spark and Station revolutionized personal computing by putting the power of an AI supercomputer in a desktop form factor.”
CEO Jensen Huang frames the moment bluntly. “Enterprise adoption of agents is skyrocketing,” he said on the Q4 call, with customers racing to fund the AI compute that powers the industrial revolution. He also describes AI “going everywhere, doing everything, all at once.”
The Numbers Backing the Bet NVIDIA can fund this experiment. Q4 FY2026 revenue hit $68.13 billion, up 73.21% year over year, with EPS of $1.62 against a $1.52 consensus. Data Center Networking surged 263% while free cash flow jumped 124.42% to $34.90 billion. Q1 FY2027 guidance calls for roughly $78 billion in revenue, excluding China data center sales. Shares trade at $207.83, up 83.09% over the past year.
Keep an eye on the stock as the first XFRA-equipped Pulte communities come online and Span scales its node network. If distributed compute can absorb meaningful inference load, the American suburb becomes a new revenue surface for Jensen Huang’s empire.
PulteGroup (PHM - Free Report) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.
Over the past month, shares of this homebuilder have returned -4.4%, compared to the Zacks S&P 500 composite's +11% change. During this period, the Zacks Building Products - Home Builders industry, which PulteGroup falls in, has gained 2.4%. The key question now is: What could be the stock's future direction?
Although media reports or rumors about a significant change in a company's business prospects usually cause its stock to trend and lead to an immediate price change, there are always certain fundamental factors that ultimately drive the buy-and-hold decision.
Earnings Estimate RevisionsHere at Zacks, we prioritize appraising the change in the projection of a company's future earnings over anything else. That's because we believe the present value of its future stream of earnings is what determines the fair value for its stock.
Our analysis is essentially based on how sell-side analysts covering the stock are revising their earnings estimates to take the latest business trends into account. When earnings estimates for a company go up, the fair value for its stock goes up as well. And when a stock's fair value is higher than its current market price, investors tend to buy the stock, resulting in its price moving upward. Because of this, empirical studies indicate a strong correlation between trends in earnings estimate revisions and short-term stock price movements.
For the current quarter, PulteGroup is expected to post earnings of $2.43 per share, indicating a change of -19.8% from the year-ago quarter. The Zacks Consensus Estimate has changed -8.9% over the last 30 days.
The consensus earnings estimate of $10 for the current fiscal year indicates a year-over-year change of -12.6%. This estimate has changed -1.5% over the last 30 days.
For the next fiscal year, the consensus earnings estimate of $11.14 indicates a change of +11.4% from what PulteGroup is expected to report a year ago. Over the past month, the estimate has changed -2.6%.
With an impressive externally audited track record, our proprietary stock rating tool -- the Zacks Rank -- is a more conclusive indicator of a stock's near-term price performance, as it effectively harnesses the power of earnings estimate revisions. The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #3 (Hold) for PulteGroup.
The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:
12 Month EPS
Revenue Growth ForecastWhile earnings growth is arguably the most superior indicator of a company's financial health, nothing happens as such if a business isn't able to grow its revenues. After all, it's nearly impossible for a company to increase its earnings for an extended period without increasing its revenues. So, it's important to know a company's potential revenue growth.
In the case of PulteGroup, the consensus sales estimate of $4.07 billion for the current quarter points to a year-over-year change of -7.5%. The $16.44 billion and $16.94 billion estimates for the current and next fiscal years indicate changes of -5% and +3.1%, respectively.
Last Reported Results and Surprise HistoryPulteGroup reported revenues of $3.41 billion in the last reported quarter, representing a year-over-year change of -12.4%. EPS of $1.79 for the same period compares with $2.57 a year ago.
Compared to the Zacks Consensus Estimate of $3.38 billion, the reported revenues represent a surprise of +0.7%. The EPS surprise was -0.56%.
Over the last four quarters, PulteGroup surpassed consensus EPS estimates three times. The company topped consensus revenue estimates each time over this period.
ValuationNo investment decision can be efficient without considering a stock's valuation. Whether a stock's current price rightly reflects the intrinsic value of the underlying business and the company's growth prospects is an essential determinant of its future price performance.
Comparing the current value of a company's valuation multiples, such as its price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), to its own historical values helps ascertain whether its stock is fairly valued, overvalued, or undervalued, whereas comparing the company relative to its peers on these parameters gives a good sense of how reasonable its stock price is.
As part of the Zacks Style Scores system, the Zacks Value Style Score (which evaluates both traditional and unconventional valuation metrics) organizes stocks into five groups ranging from A to F (A is better than B; B is better than C; and so on), making it helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.
PulteGroup is graded B on this front, indicating that it is trading at a discount to its peers. Click here to see the values of some of the valuation metrics that have driven this grade.
Bottom LineThe facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about PulteGroup. However, its Zacks Rank #3 does suggest that it may perform in line with the broader market in the near term.
Alex Barron believes the bottom of the housing market is here. He says the "fear factor" from the Iran war has faded at this point as the summer home selling season ramps up.
In April, mortgage applications soared 21% year over year, per the Mortgage Bankers Association. Did it happen due to plunging interest rates? Nope -- the average interest rate for most 30-year fixed-rate mortgages actually moved up a notch, as of May 7, from 6.30% the week before to 6.37%, per Freddie Mac. (Those rates are down a mite from a year ago, when the average was 6.76%.)
There are multiple explanations for the rise in mortgage applications -- and multiple beneficiaries.
Image source: Getty Images.
Here are some explanations:
Pent-up demand: While many would-be homebuyers have been waiting for significantly lower rates before they buy, plenty don't want to wait any longer, or can't. Lower rates: Interest rates are down a little now. Less expectation of lower rates: Many people may no longer be expecting interest rates to fall sharply anytime soon -- because of inflation. When inflation rises, the Federal Reserve will act to cool the economy by hiking interest rates. Homebuilders positioned to profit When many people are looking to buy homes, that's good news for homebuilders. Here are a few to consider for your long-term portfolio:
1. Lennar Lennar (LEN 4.31%), with a recent market value near $21 billion, is a major American homebuilder, recently sporting a dividend yield of 2.2% -- and a total shareholder yield (including the effect of share buybacks) of 8.5%.
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It has a lot going for it, such as the fact that the U.S. housing market needs a lot more homes -- especially as millennials look to buy. In its first quarter, Lennar posted a decrease in revenue, but also noted a backlog of 15,588 homes, worth about $6 billion, and a 1% increase in new orders, to 18,515. Interestingly, Lennar and some other homebuilders are proposing building starter "Trump Homes" -- which could potentially spur sales.
Clearly, Lennar isn't firing on all cylinders in this environment, but that may be why its stock seems reasonably valued, with a recent price-to-sales ratio of 0.65, below the five-year average of 1.0. The recent price-to-earnings (P/E) ratio of 12.2 is a bit above the five-year average of 8.4.
2. DR Horton DR Horton (DHI 0.47%) is an even larger homebuilder, with a recent market value of nearly $40 billion. Its recent dividend yield of 1.2% is smaller than Lennar's, but its total yield (including share buybacks) is higher, at a recent 9.9%.
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It has built more than a million homes in America, and is poised to build more. Its second quarter also featured falling revenue (by 2% year over year) -- and a rising backlog of orders, worth about $6.4 billion.
A word of caution Despite some optimism for homebuilders, it's not the best of times overall. Buying now might serve you well -- especially if you collect a dividend while you wait -- but homebuilders may continue to face headwinds for longer. The war with Iran, for example, could disrupt our economy, as some tariffs already have, and inflation is pinching many consumers' pockets. If the economy slows, so will enthusiasm for homebuying -- though, of course, things do change over time, and people will still need and want to buy homes over the long run.
PulteGroup (PHM - Free Report) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.
Over the past month, shares of this homebuilder have returned -12.3%, compared to the Zacks S&P 500 composite's +4% change. During this period, the Zacks Building Products - Home Builders industry, which PulteGroup falls in, has lost 10.8%. The key question now is: What could be the stock's future direction?
While media releases or rumors about a substantial change in a company's business prospects usually make its stock 'trending' and lead to an immediate price change, there are always some fundamental facts that eventually dominate the buy-and-hold decision-making.
Revisions to Earnings EstimatesHere at Zacks, we prioritize appraising the change in the projection of a company's future earnings over anything else. That's because we believe the present value of its future stream of earnings is what determines the fair value for its stock.
Our analysis is essentially based on how sell-side analysts covering the stock are revising their earnings estimates to take the latest business trends into account. When earnings estimates for a company go up, the fair value for its stock goes up as well. And when a stock's fair value is higher than its current market price, investors tend to buy the stock, resulting in its price moving upward. Because of this, empirical studies indicate a strong correlation between trends in earnings estimate revisions and short-term stock price movements.
For the current quarter, PulteGroup is expected to post earnings of $2.43 per share, indicating a change of -19.8% from the year-ago quarter. The Zacks Consensus Estimate has changed -8.9% over the last 30 days.
For the current fiscal year, the consensus earnings estimate of $10 points to a change of -12.6% from the prior year. Over the last 30 days, this estimate has changed -1.1%.
For the next fiscal year, the consensus earnings estimate of $11.08 indicates a change of +10.9% from what PulteGroup is expected to report a year ago. Over the past month, the estimate has changed -1.8%.
With an impressive externally audited track record, our proprietary stock rating tool -- the Zacks Rank -- is a more conclusive indicator of a stock's near-term price performance, as it effectively harnesses the power of earnings estimate revisions. The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #3 (Hold) for PulteGroup.
The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:
12 Month EPS
Projected Revenue GrowthWhile earnings growth is arguably the most superior indicator of a company's financial health, nothing happens as such if a business isn't able to grow its revenues. After all, it's nearly impossible for a company to increase its earnings for an extended period without increasing its revenues. So, it's important to know a company's potential revenue growth.
In the case of PulteGroup, the consensus sales estimate of $4.03 billion for the current quarter points to a year-over-year change of -8.5%. The $16.4 billion and $16.95 billion estimates for the current and next fiscal years indicate changes of -5.3% and +3.4%, respectively.
Last Reported Results and Surprise HistoryPulteGroup reported revenues of $3.41 billion in the last reported quarter, representing a year-over-year change of -12.4%. EPS of $1.79 for the same period compares with $2.57 a year ago.
Compared to the Zacks Consensus Estimate of $3.38 billion, the reported revenues represent a surprise of +0.7%. The EPS surprise was -0.56%.
Over the last four quarters, PulteGroup surpassed consensus EPS estimates three times. The company topped consensus revenue estimates each time over this period.
ValuationNo investment decision can be efficient without considering a stock's valuation. Whether a stock's current price rightly reflects the intrinsic value of the underlying business and the company's growth prospects is an essential determinant of its future price performance.
Comparing the current value of a company's valuation multiples, such as its price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), to its own historical values helps ascertain whether its stock is fairly valued, overvalued, or undervalued, whereas comparing the company relative to its peers on these parameters gives a good sense of how reasonable its stock price is.
As part of the Zacks Style Scores system, the Zacks Value Style Score (which evaluates both traditional and unconventional valuation metrics) organizes stocks into five groups ranging from A to F (A is better than B; B is better than C; and so on), making it helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.
PulteGroup is graded B on this front, indicating that it is trading at a discount to its peers. Click here to see the values of some of the valuation metrics that have driven this grade.
ConclusionThe facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about PulteGroup. However, its Zacks Rank #3 does suggest that it may perform in line with the broader market in the near term.
On May 20, 2026, PulteGroup Inc (PHM) shares rose 4.7% to a current price of $116.26. This increase comes amidst a 52-week trading range of $95.20 to $144.50, r
ATLANTA--(BUSINESS WIRE)--PulteGroup, Inc. (NYSE: PHM) today announced that it will release its second quarter 2026 financial results before the market opens on Wednesday, July 22, 2026. The Company will hold a conference call to discuss its second quarter results that same day at 8:30 a.m. (ET). A live audio webcast of the call will be available on PulteGroup's website. To listen to the webcast, log on five minutes prior to the call at www.pultegroup.com and select the Events & Presentatio.
PulteGroup (PHM - Free Report) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.
Over the past month, shares of this homebuilder have returned -0.9%, compared to the Zacks S&P 500 composite's +6.3% change. During this period, the Zacks Building Products - Home Builders industry, which PulteGroup falls in, has lost 1%. The key question now is: What could be the stock's future direction?
Although media reports or rumors about a significant change in a company's business prospects usually cause its stock to trend and lead to an immediate price change, there are always certain fundamental factors that ultimately drive the buy-and-hold decision.
Revisions to Earnings EstimatesRather than focusing on anything else, we at Zacks prioritize evaluating the change in a company's earnings projection. This is because we believe the fair value for its stock is determined by the present value of its future stream of earnings.
We essentially look at how sell-side analysts covering the stock are revising their earnings estimates to reflect the impact of the latest business trends. And if earnings estimates go up for a company, the fair value for its stock goes up. A higher fair value than the current market price drives investors' interest in buying the stock, leading to its price moving higher. This is why empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
PulteGroup is expected to post earnings of $2.43 per share for the current quarter, representing a year-over-year change of -19.8%. Over the last 30 days, the Zacks Consensus Estimate has changed -1.6%.
For the current fiscal year, the consensus earnings estimate of $10 points to a change of -12.6% from the prior year. Over the last 30 days, this estimate has changed -0.2%.
For the next fiscal year, the consensus earnings estimate of $11.08 indicates a change of +10.9% from what PulteGroup is expected to report a year ago. Over the past month, the estimate has changed -0.5%.
Having a strong externally audited track record, our proprietary stock rating tool, the Zacks Rank, offers a more conclusive picture of a stock's price direction in the near term, since it effectively harnesses the power of earnings estimate revisions. Due to the size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, PulteGroup is rated Zacks Rank #3 (Hold).
The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:
12 Month EPS
Revenue Growth ForecastEven though a company's earnings growth is arguably the best indicator of its financial health, nothing much happens if it cannot raise its revenues. It's almost impossible for a company to grow its earnings without growing its revenue for long periods. Therefore, knowing a company's potential revenue growth is crucial.
In the case of PulteGroup, the consensus sales estimate of $4.03 billion for the current quarter points to a year-over-year change of -8.5%. The $16.4 billion and $16.95 billion estimates for the current and next fiscal years indicate changes of -5.3% and +3.4%, respectively.
Last Reported Results and Surprise HistoryPulteGroup reported revenues of $3.41 billion in the last reported quarter, representing a year-over-year change of -12.4%. EPS of $1.79 for the same period compares with $2.57 a year ago.
Compared to the Zacks Consensus Estimate of $3.38 billion, the reported revenues represent a surprise of +0.7%. The EPS surprise was -0.56%.
Over the last four quarters, PulteGroup surpassed consensus EPS estimates three times. The company topped consensus revenue estimates each time over this period.
ValuationNo investment decision can be efficient without considering a stock's valuation. Whether a stock's current price rightly reflects the intrinsic value of the underlying business and the company's growth prospects is an essential determinant of its future price performance.
While comparing the current values of a company's valuation multiples, such as price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), with its own historical values helps determine whether its stock is fairly valued, overvalued, or undervalued, comparing the company relative to its peers on these parameters gives a good sense of the reasonability of the stock's price.
The Zacks Value Style Score (part of the Zacks Style Scores system), which pays close attention to both traditional and unconventional valuation metrics to grade stocks from A to F (an A is better than a B; a B is better than a C; and so on), is pretty helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.
PulteGroup is graded B on this front, indicating that it is trading at a discount to its peers. Click here to see the values of some of the valuation metrics that have driven this grade.
Bottom LineThe facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about PulteGroup. However, its Zacks Rank #3 does suggest that it may perform in line with the broader market in the near term.
Interest rates aren't likely to change anytime soon. But investors are already trying to get positioned for fall 2026—and as of this writing, betting on a rate cut is contrarian to say the least. Still, the odds aren't zero. That's not simply because the Fed has a new leader. It's also because Kevin Warsh has signaled he may interpret the data in new ways, some of which could prove more favorable to a cut.
That's a topic for another article. For now, it can't hurt to consider stocks that are likely to benefit if rates move down, even by just 25 or 50 basis points. If that happens, one area to watch is housing stocks—and homebuilders in particular.
Get D.R. Horton alerts:
Why the Supply Side of the Housing Market Matters More Than EverThe U.S. Census Bureau's Housing Vacancies and Homeownership Survey (HVS) shows households aged 65 and older posted a homeownership rate of 78.6% in the second quarter of 2024, meaning the overwhelming majority of seniors own their homes rather than rent.
And despite constant predictions of a mass boomer sell-off, the census data tells a different story. Just 10% of boomers plan to sell within the next five years, down from 15% in 2024, and a whopping 61% never plan to sell their homes. A key reason is the desire to age in place. But, there are other factors, including:
They’ve paid off their mortgages (44%).
They don’t want to start over (36%).
They plan to leave homes as an inheritance (34%).
They are concerned they can't afford a new home (30%).
All of the above are financially rational decisions made by people who, in some cases, paid off their homes decades ago and have little incentive to trade into today's high-rate market. For these homeowners, mortgage rates would have to go much lower to make the juice worth the squeeze.
That means new construction is the market right now. Here are three companies positioned to fill the gap.
DHI: The Entry-Level Housing Leader Has Leverage to Lower RatesD.R. Horton NYSE: DHI is the largest homebuilder in the country by volume, and right now it's trading at roughly 13.6x earnings. That's near its historic average and a signal worth paying attention to. In its latest earnings report, DHI posted $7.6 billion in consolidated revenues with net sales orders rising 11% to nearly 25,000 homes. That order growth means demand is alive, even if margins are under pressure from incentives and rate buydowns.
D.R. Horton Today
$153.56 -0.87 (-0.56%)
As of 12:09 PM Eastern
This is a fair market value price provided by Massive. Learn more.
52-Week Range$119.54▼
$184.54Dividend Yield1.17%
P/E Ratio14.39
Price Target$168.54
What makes DHI particularly interesting as a rate-cut play is its product mix.
Roughly 65% of its mortgage closings go to first-time buyers, and the average closing price is approximately 30% below the U.S. new-home average.
This is a strategic bet on the buyer who is most sensitive to mortgage rates and most likely to move quickly when rates dip.
If Warsh gives the market even a 25 basis point gift, DHI's entry-level pipeline is positioned to absorb it faster than almost anyone else in the sector.
LEN: Asset-Light and Leaning Into the Long GameLennar NYSE: LEN came into 2026 in the middle of a strategic pivot, and the Q1 2026 earnings report reflected that transition more than it reflected the underlying business. Revenue from home sales declined 13% year-over-year to $6.3 billion, and net earnings per diluted share came in at 93 cents. Investors didn’t like that—shares traded near 52-week lows following the report.
Lennar Today
$90.49 -4.46 (-4.70%)
As of 12:10 PM Eastern
This is a fair market value price provided by Massive. Learn more.
52-Week Range$81.18▼
$144.24Dividend Yield2.21%
P/E Ratio13.02
Price Target$97.27
But the setup is more interesting than the headline suggests. Operationally, Lennar cut direct construction costs by 7% year over year and improved inventory turns to 2.5 times, up from 1.7 times a year ago. Those are the numbers of a company tightening up before an eventual market turn.
Add a $2.1 billion cash position and a debt-to-capital ratio of just 15.7%, and Lennar has the balance sheet to outlast the rate environment and capitalize when it shifts. LEN is trading near $90 and has a P/E around 13x—well below its historical median. Analysts have a consensus price target of around $100 on the stock.
PHM: Targeting Buyers With the Financial Flexibility to ActPulteGroup NYSE: PHM doesn't always get top billing, but it arguably deserves it. While DHI chases volume and LEN chases scale, Pulte chases mix—a distinction that matters more than ever. In its Q1 2026 earnings report, net new orders among move-up buyers rose 3%, and active adult buyers surged 14% year over year. Those demographic segments have equity to spend and the motivation to spend it if rates become even marginally more accommodating.
PulteGroup Today
$122.85 -1.15 (-0.93%)
As of 12:10 PM Eastern
This is a fair market value price provided by Massive. Learn more.
52-Week Range$98.27▼
$144.49Dividend Yield0.85%
P/E Ratio11.88
Price Target$140.71
PHM ended the quarter with $1.84 billion in cash and a debt-to-total capitalization ratio of just 12.3%, one of the cleanest balance sheets in the sector. The company also authorized a new $1.5 billion share repurchase program, a signal that management sees the current valuation as an opportunity.
Management expects Q2 to represent the margin trough for the year, with gross margins guided to recover in the second half as more build-to-order and active adult homes close. In other words, PHM may be at its messiest right now, which, historically, has been one of the better times to look.
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In the latest close session, PulteGroup (PHM - Free Report) was down 3.42% at $118.58. The stock's change was less than the S&P 500's daily loss of 1.62%. Meanwhile, the Dow lost 1.87%, and the Nasdaq, a tech-heavy index, lost 1.98%.
Heading into today, shares of the homebuilder had gained 7.18% over the past month, outpacing the Construction sector's loss of 1.1% and the S&P 500's loss of 0.03%.
Market participants will be closely following the financial results of PulteGroup in its upcoming release. The company plans to announce its earnings on July 22, 2026. On that day, PulteGroup is projected to report earnings of $2.43 per share, which would represent a year-over-year decline of 19.8%. Simultaneously, our latest consensus estimate expects the revenue to be $4.03 billion, showing a 8.53% drop compared to the year-ago quarter.
PHM's full-year Zacks Consensus Estimates are calling for earnings of $10 per share and revenue of $16.4 billion. These results would represent year-over-year changes of -12.59% and -5.29%, respectively.
Investors should also take note of any recent adjustments to analyst estimates for PulteGroup. Such recent modifications usually signify the changing landscape of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. PulteGroup is currently a Zacks Rank #4 (Sell).
With respect to valuation, PulteGroup is currently being traded at a Forward P/E ratio of 12.28. This expresses a discount compared to the average Forward P/E of 14.39 of its industry.
Meanwhile, PHM's PEG ratio is currently 1.56. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The average PEG ratio for the Building Products - Home Builders industry stood at 1.88 at the close of the market yesterday.
The Building Products - Home Builders industry is part of the Construction sector. This industry currently has a Zacks Industry Rank of 227, which puts it in the bottom 7% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
I rate PulteGroup, Inc. stock a Sell, as the share price has risen amid a deteriorating earnings outlook and negative estimate revisions. Q1 2026 results showed revenue down 12%, net income down 34%, and gross margin compressed by 310 bps due to heavy incentives. Management expects margin recovery in late 2026 via a build-to-order shift, but timing and backlog shrinkage raise doubts about near-term upside.
PulteGroup (PHM - Free Report) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.
Over the past month, shares of this homebuilder have returned +8.9%, compared to the Zacks S&P 500 composite's -0.2% change. During this period, the Zacks Building Products - Home Builders industry, which PulteGroup falls in, has gained 9%. The key question now is: What could be the stock's future direction?
While media releases or rumors about a substantial change in a company's business prospects usually make its stock 'trending' and lead to an immediate price change, there are always some fundamental facts that eventually dominate the buy-and-hold decision-making.
Revisions to Earnings EstimatesHere at Zacks, we prioritize appraising the change in the projection of a company's future earnings over anything else. That's because we believe the present value of its future stream of earnings is what determines the fair value for its stock.
We essentially look at how sell-side analysts covering the stock are revising their earnings estimates to reflect the impact of the latest business trends. And if earnings estimates go up for a company, the fair value for its stock goes up. A higher fair value than the current market price drives investors' interest in buying the stock, leading to its price moving higher. This is why empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
PulteGroup is expected to post earnings of $2.43 per share for the current quarter, representing a year-over-year change of -19.8%. Over the last 30 days, the Zacks Consensus Estimate remained unchanged.
For the current fiscal year, the consensus earnings estimate of $10 points to a change of -12.6% from the prior year. Over the last 30 days, this estimate has remained unchanged.
For the next fiscal year, the consensus earnings estimate of $11.08 indicates a change of +10.9% from what PulteGroup is expected to report a year ago. Over the past month, the estimate has remained unchanged.
With an impressive externally audited track record, our proprietary stock rating tool -- the Zacks Rank -- is a more conclusive indicator of a stock's near-term price performance, as it effectively harnesses the power of earnings estimate revisions. The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #3 (Hold) for PulteGroup.
The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:
12 Month EPS
Projected Revenue GrowthEven though a company's earnings growth is arguably the best indicator of its financial health, nothing much happens if it cannot raise its revenues. It's almost impossible for a company to grow its earnings without growing its revenue for long periods. Therefore, knowing a company's potential revenue growth is crucial.
For PulteGroup, the consensus sales estimate for the current quarter of $4.03 billion indicates a year-over-year change of -8.5%. For the current and next fiscal years, $16.4 billion and $16.95 billion estimates indicate -5.3% and +3.4% changes, respectively.
Last Reported Results and Surprise HistoryPulteGroup reported revenues of $3.41 billion in the last reported quarter, representing a year-over-year change of -12.4%. EPS of $1.79 for the same period compares with $2.57 a year ago.
Compared to the Zacks Consensus Estimate of $3.38 billion, the reported revenues represent a surprise of +0.7%. The EPS surprise was -0.56%.
Over the last four quarters, PulteGroup surpassed consensus EPS estimates three times. The company topped consensus revenue estimates each time over this period.
ValuationWithout considering a stock's valuation, no investment decision can be efficient. In predicting a stock's future price performance, it's crucial to determine whether its current price correctly reflects the intrinsic value of the underlying business and the company's growth prospects.
Comparing the current value of a company's valuation multiples, such as its price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), to its own historical values helps ascertain whether its stock is fairly valued, overvalued, or undervalued, whereas comparing the company relative to its peers on these parameters gives a good sense of how reasonable its stock price is.
As part of the Zacks Style Scores system, the Zacks Value Style Score (which evaluates both traditional and unconventional valuation metrics) organizes stocks into five groups ranging from A to F (A is better than B; B is better than C; and so on), making it helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.
PulteGroup is graded B on this front, indicating that it is trading at a discount to its peers. Click here to see the values of some of the valuation metrics that have driven this grade.
Bottom LineThe facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about PulteGroup. However, its Zacks Rank #3 does suggest that it may perform in line with the broader market in the near term.
