S&P 500 (NYSE:SPY) component PulteGroup, Inc. (NYSE:PHM) will unveil its latest earnings tomorrow, Thursday, January 31, 2013. PulteGroup is a publicly held holding company involved in the homebuilding and financial services businesses.
PulteGroup, Inc. Earnings Preview Cheat Sheet
Wall St. Earnings Expectations: The average analyst estimate is for profit of 31 cents per share, a rise of more than twofold from the company’s actual earnings for the year-ago quarter. During the past three months, the average estimate has moved up from 29 cents. Between one and three months ago, the average estimate moved up. It has risen from 30 cents during the last month. Analysts are projecting net income of 70 cents per share versus a loss of one cent last year.
Past Earnings Performance: The company is looking to top estimates for the third straight quarter. Last quarter, it reported profit of 27 cents per share against a mean estimate of net income of 20 cents, and the quarter before, the company exceeded forecasts by 8 cents with profit of 13 cents versus a mean estimate of net income of 5 cents.
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A Look Back: In the third quarter, the company swung to a profit of $116.6 million (30 cents a share) from a loss of $129.3 million (34 cents) a year earlier, beating analyst estimates. Revenue rose 14.1% to $1.3 billion from $1.14 billion.
Here’s how PulteGroup traded following its last earnings report 3 months ago and leading up to its upcoming earnings report this week: