PulteGroup (PHM) Q2 Earnings: What To Expect

Homebuilding company PulteGroup (NYSE:PHM) will be reporting earnings this Wednesday before market hours. Here’s what to look for.

PulteGroup met analysts’ revenue expectations last quarter, reporting revenues of $3.41 billion, down 12.4% year on year. It was a mixed quarter for the company, with a miss of analysts’ EPS estimates.

Is PulteGroup a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, the market is expecting PulteGroup’s revenue to decline 10.5% year on year, a further deceleration from the 4.3% decrease it recorded in the same quarter last year.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. PulteGroup has a history of exceeding Wall Street’s expectations.

Looking at PulteGroup’s peers in the industrials segment, some have already reported their Q2 results, giving us a hint as to what we can expect. KB Home’s revenues decreased 27.3% year on year, beating analysts’ expectations by 1.8%, and Lennar reported a revenue decline of 5.2%, falling short of estimates by 2.4%. KB Home’s stock price was unchanged after the resultsand Lennar’s price followed a similar reaction.

Read our full analysis of KB Home’s results here and Lennar’s results here.

Over the last year or so, investors' attention has moved from one major market theme to the next, spanning AI disruption and surging infrastructure investment to geopolitical tensions, interest rates, and the health of the broader economy. While some of the industrials stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 4% on average over the last month. PulteGroup is down 2% during the same time and is heading into earnings with an average analyst price target of $139.77 (compared to the current share price of $123.05).

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