PulteGroup Q1 EPS $3.10 Beats $2.36 Estimate, Sales $3.95B Beat $3.58B Estimate
Portfolio Pulse from Benzinga Newsdesk
PulteGroup (NYSE:PHM) reported Q1 earnings of $3.10 per share, surpassing the $2.36 estimate, a 31.91% increase from last year. Sales reached $3.95B, beating the $3.58B estimate, marking a 10.43% increase from the previous year.
April 23, 2024 | 10:32 am
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PulteGroup reported a significant beat on both earnings and sales estimates for Q1, with earnings per share at $3.10 and sales at $3.95B, exceeding expectations.
The substantial beat on both earnings per share and sales estimates for PulteGroup indicates strong financial health and operational efficiency, likely leading to positive investor sentiment and a potential short-term uptick in PHM's stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100