PHM Earnings Prediction
The chart below shows how PHM performed 10 days before and after its earnings report, based on data from the past quarters. Typically, PHM sees a -3.34% change in stock price 10 days leading up to the earnings, and a +0.79% change 10 days following the report. On the earnings day itself, the stock moves by +2.48%. This data can give you a slight idea of what to expect for the next quarter's release.
PHM Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
4.92B
14.63%
9.95%
Gross Margin
27.47%
-5.41%
-5.31%
Operating Margin
23.89%
9.09%
19.51%
Net Margin
18.55%
12.02%
18.99%
EPS
4.43
35.06%
32.24%
No Data Available
PHM Earnings Analysis
Pultegroup Inc Corporation (PHM.N) Earnings Conference Call
Positive
Home Delivery Increase: Delivered 31,219 homes in 2024, representing a 9% increase over last year.
Record Home Sale Revenues: Generated record home sale revenues of $1.73 billion, achieving industry-leading full year gross margins of 28.9%.
Financial Services Income Surge: Reported strong operating results from financial services operations, generating $210 million of pre-tax income compared to $133 million last year.
Investor Returns Summary: Returned $170 million to investors, including $120 million through share repurchases and $168 million in dividends.
Financial Strength Indicators: Ended the year with $170 million in cash and a gross debt to capital ratio of 11.8%, reflecting considerable financial strength.
Negative
Net New Orders Decline: Net new orders decreased 1% to 6,167 homes, primarily due to a 5% decrease in sales per store and a slight increase in the cancellation rate as a percentage of beginning backlog.
Backlog Decline Analysis: Quarter-end backlog was 10,153 homes, down 16% from last year, with a dollar value of $650 million, down 11%.
Gross Margin Decline: Gross margin was 27.5%, down 130 basis points sequentially, reflecting higher incentives which increased 20 basis points sequentially to 7.2%.
Rising SG&A Expenses: SG&A expense is expected to rise to approximately 9.5% of wholesale revenues in 2025, compared to 4.2% in the current year, indicating increased operational costs.
Land Cost Inflation: Land costs are projected to increase by 10% year-over-year, contributing to overall cost inflation and potential margin pressure.
PHM FAQs
How does PHM typically perform around its earnings report dates?
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PHM Earning Call Sentiment
Earnings call transcript: PulteGroup beats Q4 2024 forecasts with strong EPS
PHM.N
-2.58%Positive
The earnings call presents a mixed outlook. Positive elements include increased revenue, strong net income, and shareholder returns through dividends and buybacks. However, concerns arise from reduced gross margins, increased land costs, and management's avoidance of specific guidance, which could create uncertainty. The positive dividend increase and share repurchase authorization are offset by geopolitical and economic uncertainties. Without clear guidance, the market may remain cautious, resulting in a neutral stock price reaction.
