PHM News and Press, PulteGroup Inc. From 10/31/22

Summary Shares in PulteGroup, Inc. jumped after reporting Q3 2022 earnings. While the report contained good news for managing through the housing recession, margins will go into decline as the company protects market share in a softening environment. Valuation is low but still...

Summary The housing market appears to be dissolving quickly. Housing starts in September also fell 8.1% from August and were below Street expectations (-7.2%). Another name that I like as a short that continues to puzzle me is ABNB ($119). For further det...

PulteGroup, Inc. (PHM) Q3 2022 Earnings Conference Call October 25, 2022 08:30 AM ET Company Participants Jim Zeumer - Vice President-Investor Relations & Corporate Communications Ryan Marshall - President & Chief Executive Officer Bob O’Shaughness...

The following slide deck was published by PulteGroup, Inc. in conjunction with their 2022 Q3 earnings call. For further details see: PulteGroup, Inc. 2022 Q3 - Results - Earnings Call Presentation

PulteGroup ( NYSE: PHM ) Q3 earnings declined as demand for its homes softened with climbing mortgage rates. Net orders during the quarter fell and its cancellation rate jumped to 24% from 15% in the prior quarter. Due to the Federal Reserve's aggressive rate hikes, the home...

PulteGroup ( NYSE: PHM ) notifies that John Chadwick, Executive Vice President and COO, has announced his plans to retire next year, he will remain with the company until April 2023 to assist with the transition. Brandon Jones, Senior Vice President - Field Operations...

PulteGroup press release ( NYSE: PHM ): Q3 GAAP EPS of $2.69 misses by $0.06 . Revenue of $3.94B (+13.2% Y/Y) misses by $210M . Home Sale Revenues Increased 16% to $3.8 Billion Homebuilding Gross Margin Expanded by 360 Basis Points to 30.1% Net New Orde...

Earnings Increased 48% to $2.69 Per Share Home Sale Revenues Increased 16% to $3.8 Billion Homebuilding Gross Margin Expanded by 360 Basis Points to 30.1% Net New Orders of 4,924 Homes with a Value of $2.8 Billion Unit Backlog Totaled 17,053 Homes; Ba...

PulteGroup ( NYSE: PHM ) is scheduled to announce Q3 earnings results on Tuesday, Oct. 25, before market open. The consensus EPS estimate is $2.81 (+54.4% Y/Y) and the consensus revenue estimate is $4.15B (+19.3% Y/Y). Over the last 2 years, PHM has beaten EPS estima...

Summary With the latest index value of 38, the NAHB/Wells Fargo Housing Market Index is now nearly where it had been in May 2020 during the lockdown and below where it had been in February 2007, on the way down into Housing Bust 1. Traffic is a sign of interest among potential hom...