Despite an expected dip in profit, analysts are generally optimistic about PulteGroup as it prepares to reports its fourth-quarter earnings on Thursday, January 29, 2015. The consensus earnings per share estimate is 41 cents per share.
Analysts are expecting earnings of $1.22 per share for the fiscal year. Revenue is projected to be 6% above the year-earlier total of $1.66 billion at $1.76 billion for the quarter. For the year, revenue is projected to come in at $5.77 billion.
The company has been reaping profit in the past eight quarters, and for the last four, it has seen an average of 61% growth in profit year-over-year. The company benefited from the more than threefold growth in the fourth quarter, which was its quarter with the biggest gain.
Revenue dropped in the third quarter after increasing the quarter prior. Revenue dropped 4% to $1.59 billion in the third quarter from the year earlier. In the second quarter, revenue rose 1%.
The majority of analysts (62%) rate PulteGroup as a buy. This compares favorably to the analyst ratings of nine similar companies, which average 36% buys.
PulteGroup is a publicly held holding company involved in the homebuilding and financial services businesses. Other companies in the construction services industry with upcoming earnings release dates include: M.D.C. Holdings, The Ryland Group and Standard Pacific.
Earnings estimates provided by Zacks.
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