PulteGroup (PHM) ended the recent trading session at $117.55, demonstrating a -1.61% change from the preceding day's closing price. The stock's performance was behind the S&P 500's daily loss of 0.45%. Elsewhere, the Dow lost 1.21%, while the tech-heavy Nasdaq lost 0.01%.
The stock of homebuilder has fallen by 5.22% in the past month, leading the Construction sector's loss of 11.29% and undershooting the S&P 500's loss of 2.43%.
Analysts and investors alike will be keeping a close eye on the performance of PulteGroup in its upcoming earnings disclosure. The company's earnings report is set to go public on October 22, 2026. The company's earnings per share (EPS) are projected to be $2.63, reflecting a 11.15% decrease from the same quarter last year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $4.12 billion, down 6.4% from the year-ago period.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $10.07 per share and revenue of $16.34 billion, indicating changes of -11.98% and -5.61%, respectively, compared to the previous 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. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
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 ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.41% lower within the past month. Right now, PulteGroup possesses a Zacks Rank of #3 (Hold).
With respect to valuation, PulteGroup is currently being traded at a Forward P/E ratio of 11.86. For comparison, its industry has an average Forward P/E of 13.32, which means PulteGroup is trading at a discount to the group.
Investors should also note that PHM has a PEG ratio of 1.48 right now. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. PHM's industry had an average PEG ratio of 2.56 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 208, placing it within the bottom 16% of over 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.
To follow PHM in the coming trading sessions, be sure to utilize Zacks.com.
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PulteGroup, Inc. (PHM): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).