Inside PulteGroup, Inc.’s Upcoming Second Quarter Earnings Release

S&P 500 (NYSE:SPY) component PulteGroup, Inc. (NYSE:PHM) will unveil its latest earnings on Thursday, July 28, 2011. PulteGroup, Inc. is a publicly held holding company involved in the homebuilding and financial services businesses. Did the Housing Market Just Hit Bottom?>>

PulteGroup, Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for a loss of 4 cents per share, a wider loss from the year earlier quarter net loss of one cent. During the past three months, the average estimate has moved up from a loss of 7 cents.

Past Earnings Performance: The company’s quarterly results have come in above estimates for the last three quarters. Last quarter, the company booked net loss of 10 cents per share versus a mean estimate of a loss of 14 cents per share.

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Wall St. Revenue Expectations: On average, analysts predict $974 million in revenue this quarter, a decline of 25.6% from the year ago quarter. Analysts are forecasting total revenue of $4.04 billion for the year, a decline of 11.6% from last year’s revenue of $4.57 billion.

Analyst Ratings: Analysts seem relatively indifferent about PulteGroup with 14 of 16 analysts surveyed maintaining a hold rating.

Key Stats:

Revenue has fallen for the past three quarters. In first quarter, revenue declined 21.1% to $805.2 million while the figure fell 31.5% in fourth quarter of the last fiscal year from the year earlier and 3.1% in the third quarter of the last fiscal year.

Competitors to Watch: D.R. Horton, Inc. (NYSE:DHI), Lennar Corporation (NYSE:LEN), The Ryland Group, Inc. (NYSE:RYL), Toll Brothers, Inc. (NYSE:TOL), KB Home (NYSE:KBH), M.D.C. Holdings, Inc. (NYSE:MDC), Hovnanian Enterprises, Inc. (NYSE:HOV), Standard Pacific Corp. (NYSE:SPF), and Comstock Homebuilding Companies, Inc. (NASDAQ:CHCI).

Stock Price Performance: During April 27, 2011 to July 22, 2011, the stock price had fallen 64 cents (-8%) from $7.98 to $7.34. The stock price saw one of its best stretches over the last year between June 15, 2011 and June 23, 2011 when shares rose for seven-straight days, rising 8.3% (+58 cents) over that span. It saw one of its worst periods between November 10, 2010 and November 19, 2010 when shares fell for eight-straight days, falling 17.7% (-$1.40) over that span. Shares are down 18 cents (-2.4%) year to date.

(Source: Xignite Financials)

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