PulteGroup Inc. Third Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component PulteGroup, Inc. (NYSE:PHM) will unveil its latest earnings on Thursday, October 27, 2011. 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 estimate of analysts is for the company to break even after the company reported net loss of 3 cents per share in the year earlier quarter. During the past three months, the average estimate has moved down from one cent. Between one and three months ago, the average estimate moved down. It has been unchanged at breaking even during the last month.

Past Earnings Performance: Last quarter, the company saw a loss of 4 cents per share versus a mean estimate of net loss of 4 cents per share. This comes after two consecutive quarters of exceeding expectations.

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Wall St. Revenue Expectations: Analysts are projecting a decline of 0.9% in revenue from the year-earlier quarter to $1.05 billion.

Analyst Ratings: Analysts seem relatively indifferent about PulteGroup with 10 of 15 analysts surveyed maintaining a hold rating.

A Look Back: In the second quarter, the company swung to a loss of $55.4 million (15 cents a share) from a profit of $76.3 million (20 cents) a year earlier, meeting analyst expectations. Revenue fell 29% to $927.2 million from $1.31 billion.

Key Stats:

Revenue has fallen in the past four quarters. Revenue declined 21.1% in the first quarter from the year earlier, dropped 31.5% in fourth quarter of the last fiscal year from the year-ago quarter 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), Orleans Homebuilders (OHBIQ), Hovnanian Enterprises, Inc. (NYSE:HOV), Standard Pacific Corp. (NYSE:SPF), and Comstock Homebuilding Companies, Inc. (NASDAQ:CHCI).

Stock Price Performance: During July 28, 2011 to October 21, 2011, the stock price had fallen $1.90 (-27.9%) from $6.80 to $4.90. 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 $2.62 (-34.8%) year to date.

(Source: Xignite Financials)

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