PulteGroupNYSE: PHM

PulteGroup (PHM) has been getting a lot of interest from Zacks.com users recently. As a result, it's important to understand the factors that could affect the stock's future.

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ATLANTA--(BUSINESS WIRE)--PulteGroup, Inc. (NYSE: PHM) has been recognized by Great Place To Work® and Fortune magazine as one of the 2024 Fortune Best Workplaces for Women™ for the fifth year in a row. The homebuilder ranked #20 among companies across the country. PulteGroup President and CEO Ryan Marshall expressed pride in the recognition, stating that it shows women view PulteGroup as a supportive environment for their growth.

Mainstream media is talking about a housing shortage as a reason for the current difficulties in affording homes. However, with more properties being listed and available, the situation seems more complicated. Recently, PulteGroup Inc. saw its stock drop over 6% in one day after announcing its quarterly earnings, which shows that investors are worried.

PHM's results for the third quarter of 2024 show a strong rise in home closings, thanks to a positive market situation and its well-balanced operating approach.

PulteGroup Inc. (NYSE:PHM) will hold its Q3 2024 Earnings Conference Call on October 22, 2024, at 8:30 AM ET. The call will feature company representatives including James Zeumer, Ryan Marshall, and Robert O'Shaughnessy, along with various conference call participants from different financial institutions. The operator for the call is Audra, who will assist with the proceedings.

PulteGroup (PHM) reported quarterly earnings of $3.35 per share, which is higher than the Zacks Consensus Estimate of $3.10 per share. This is an increase compared to last year's earnings of $2.90 per share.

ATLANTA--(BUSINESS WIRE)--PulteGroup, Inc. (NYSE: PHM) has shared its financial results for the third quarter ending September 30, 2024. The company achieved a net income of $698 million, which is $3.35 per share, compared to $639 million, or $2.90 per share, from the same period last year. Thanks to their effective strategy of balancing spec and build-to-order operations, PulteGroup reached record home sale revenues of $4.3 billion in the third quarter.

Instead of just focusing on Wall Street's predictions for PulteGroup's (PHM) earnings, let's explore some important metrics to better understand how the company might perform in the quarter that ended in September 2024. This will give us a clearer picture of its potential.