PulteGroup Q3 EPS $2.90 Beats $2.84 Estimate, Sales $4.00B Miss $4.02B Estimate
Portfolio Pulse from Benzinga Newsdesk
PulteGroup (NYSE:PHM) reported Q3 earnings of $2.90 per share, beating the analyst consensus estimate of $2.84 by 2.11%. This is a 7.81% increase from the same period last year. However, the company's quarterly sales of $4.00 billion missed the analyst consensus estimate of $4.02 billion by 0.50%, though it's a 1.50% increase from last year.
October 24, 2023 | 10:33 am
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PulteGroup's Q3 earnings beat estimates but sales missed, indicating mixed performance.
PulteGroup's earnings beat could boost investor confidence, potentially driving the stock price up. However, the sales miss could offset this positive impact, leading to a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100