Here's What to Expect From PulteGroup's Next Earnings Report

PulteGroup, Inc. (PHM), headquartered in Atlanta, Georgia, is in the home building business, having delivered almost 800,000 homes with operations in 24 states and over 40 major markets. Valued at $21.87 billion by market cap, the company also offers various home designs, including single-family detached, townhomes, condominiums, and duplexes under the Centex, Pulte Homes, Del Webb, DiVosta Homes, John Wieland Homes and Neighborhoods, and American West brands. The leading homebuilder is expected to announce its fiscal second-quarter earnings for 2024 before the market opens on Tuesday, July 23.

Ahead of the event, analysts expect PHM to report a profit of $3.20 per share on a diluted basis, up 6.7% from $3 per share in the year-ago quarter. The company has consistently surpassed Wall Street’s EPS estimates in its last four quarterly reports. During the previous quarter, PHM repurchased $246 million of common shares, and its quarter-end backlog was 13,430 homes valued at $8.2 billion.