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Pultegroup (PHM)
NYSE:PHM
Earnings Data
Report Date
Apr 29, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
2.47Last Year’s EPS
3.1Same Quarter Last Year
Moderate Buy
Based on 13 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Jan 30, 2025
|% Change Since: -6.33%
|Next Earnings Date:Apr 29, 2025
Earnings Call Sentiment|Neutral
PulteGroup demonstrated strong financial performance and shareholder returns with record revenues and industry-leading gross margins. However, they faced challenges with increased land costs, buyer incentives, and higher speculative inventory. The company remains optimistic about long-term demand but anticipates flat volume growth for 2025.Company Guidance
During the PulteGroup Fourth Quarter 2024 Earnings Conference Call, several key metrics and future guidance were discussed. PulteGroup reported delivering 31,219 homes in 2024, marking a 9% increase from the previous year. The company achieved record home sale revenues of $17.3 billion with industry-leading full-year gross margins of 28.9%. Their net operating margin for the year was 21.3%. In terms of financial services, pre-tax income rose to $210 million, up from $133 million in the previous year. The company's SG&A was 7.6% of home sale revenues, aided by insurance benefits. PulteGroup's cash flow from operations was $1.7 billion, following a $5.3 billion investment in new land. They also returned $1.7 billion to investors through share repurchases, dividends, and the early retirement of senior notes. For 2025, the company expects to deliver 31,000 closings, with the average sales price expected to be between $560,000 and $570,000. Gross margins are anticipated to be approximately 27% in the first quarter, with a range of 26.5% to 27% for the rest of the year, assuming consistent buyer incentives. The Board has approved a $1.5 billion increase to the share repurchase authorization, reflecting confidence in continued financial success despite ongoing affordability challenges.Record Home Sale Revenues
PulteGroup generated record home sale revenues of $17.3 billion in 2024, with a 9% increase in home deliveries (31,219 homes) over the previous year.
Strong Financial Services Performance
The financial services operations reported a pre-tax income of $210 million, up from $133 million last year.
Efficient Overhead Management
SG&A expenses amounted to 7.6% of home sale revenues, highlighting efficient overhead management.
Continued Land Investment
PulteGroup invested $5.3 billion in new land, increasing their controlled lot inventory to 235,000 lots.
Shareholder Returns
The company returned $1.7 billion to investors, including $1.2 billion through share repurchases and $168 million in dividends.
Industry-Leading Gross Margins
Reported full-year gross margins were 28.9%, maintaining industry-leading status.
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PHM Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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PHM Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Jan 30, 2025 | $112.99 | $118.51 | +4.89% |
| Oct 22, 2024 | $143.99 | $133.56 | -7.24% |
| Jul 23, 2024 | $125.22 | $125.25 | +0.02% |
| Apr 23, 2024 | $107.28 | $112.19 | +4.58% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Pultegroup (PHM) report earnings?
Pultegroup (PHM) is schdueled to report earning on Apr 29, 2025, TBA Not Confirmed.
What is Pultegroup (PHM) earnings time?
Pultegroup (PHM) earnings time is at Apr 29, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is PHM EPS forecast?
PHM EPS forecast for the fiscal quarter 2025 (Q1) is 2.47.
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