PulteGroup Q2 2024 GAAP EPS $3.83 Beats $3.26 Estimate, Sales $4.600B Beat $4.491B Estimate
Portfolio Pulse from Benzinga Newsdesk
PulteGroup (NYSE:PHM) reported Q2 2024 earnings per share (EPS) of $3.83, surpassing the analyst consensus estimate of $3.26 by 17.48%. The company also reported quarterly sales of $4.600 billion, beating the estimate of $4.491 billion by 2.43%. This represents a 9.78% increase over the same period last year.
July 23, 2024 | 10:32 am
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POSITIVE IMPACT
PulteGroup (NYSE:PHM) reported strong Q2 2024 earnings, with EPS of $3.83 beating estimates by 17.48% and sales of $4.600 billion exceeding expectations by 2.43%. This positive performance is likely to boost investor confidence and drive the stock price up in the short term.
The significant beat on both EPS and sales estimates, along with a notable year-over-year sales increase, indicates strong financial performance. This is likely to positively influence investor sentiment and drive the stock price higher in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100