PulteGroup Analysts Increase Their Forecasts After Better-Than-Expected Q2 Earnings
Despite lower new orders, EPS beats expectations and positive analyst upgrades signal confidence.
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Despite lower new orders, EPS beats expectations and positive analyst upgrades signal confidence.
What happened, with direct paths to the underlying reporting
PulteGroup reported EPS of $3.03, exceeding expectations. Revenue was $4.40 billion, slightly below consensus. Net new orders declined to 7,083 from 7,649 year-over-year. Backlog stood at 10,779 homes, valued at $6.8 billion. Analysts raised price targets; overall sentiment remains positive despite order decline.
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