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Barchart
Barchart
Aditya Sarawgi

What You Need To Know Ahead of PulteGroup’s Earnings Release

PulteGroup PHM

Atlanta-based PulteGroup, Inc. (PHM) acquires and develops land to construct residential buildings. It offers various home designs, including single-family detached, townhomes, condominiums, and duplexes. With a market cap of $20.5 billion, PulteGroup operates through the Homebuilding and Financial Services segments.

PHM is expected to announce its first-quarter results before the markets open on Tuesday, Apr. 22. Ahead of the event, analysts expect PHM to deliver adjusted earnings of $2.48 per share, down 13.6% from $2.87 per share reported in the year-ago quarter. On the brighter side, the company has surpassed the Street’s bottom-line estimates in each of the past four quarters.

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