PulteGroup Tops Q1 Estimates Despite Drop In Closings As Housing Slowdown
Written by Emily J. Thompson, Senior Investment Analyst
Source: Benzinga
PulteGroup's Financial Performance: PulteGroup, Inc. reported first-quarter 2025 revenues of $3.89 billion and adjusted earnings per share of $2.57, surpassing estimates. However, home sale revenues fell by 2% year-over-year, with a decline in closings and gross margin.
Market Outlook and Stock Activity: The company maintains a positive long-term outlook on housing demand despite short-term economic uncertainties. PulteGroup's shares rose by 2.57% to $95.50 in premarket trading, and the company has significant cash reserves and ongoing share repurchase programs.
Analyst Views on ITB
Wall Street analysts forecast ITB stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for ITB is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
