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PulteGroup Inc. (NYSE:PHM ) Q2 2024 Earnings Conference Call July 23, 2024 8:30 AM ET Company Participants James Zeumer - Vice President, Investor Relations Ryan Marshall - President and Chief Executive Officer Robert O'Shaughnessy - Executive Vice President and Chief Financial Officer James Ossowski - Senior Vice President, Finance Conference Call Participants Stephen Kim - Evercore ISI John Lovallo - UBS Anthony Pettinari - Citi Michael Rehaut - JPMorgan Rafe Jadrosich - Bank of America Alan Ratner - Zelman & Associates Sam Reid - Wells Fargo Michael Dahl - RBC Capital Markets Susan Maklari - Goldman Sachs Operator Thank you for standing by and welcome to the PulteGroup's Second Quarter 2024 Earnings Conference Call. All lines have been placed on mute to prevent any background noise.
While the top- and bottom-line numbers for PulteGroup (PHM) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
PulteGroup (PHM) came out with quarterly earnings of $3.58 per share, beating the Zacks Consensus Estimate of $3.21 per share. This compares to earnings of $3 per share a year ago.
PulteGroup is expected to beat estimates when it reports second-quarter earnings on Tuesday, according to FactSet.
Prudent strategies are expected to have aided PulteGroup (PHM) in the second quarter. Yet, higher operating expenses are likely to have weighed on quarterly results.
PulteGroup Inc. PHM is scheduled to report second-quarter 2024 results on Jul 23, before the opening bell. In the first quarter of 2024, PulteGroup demonstrated strong resilience in a high-rate environment.
Zacks.com users have recently been watching PulteGroup (PHM) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
PulteGroup (PHM) concluded the recent trading session at $116.24, signifying a -0.08% move from its prior day's close.
In the latest trading session, PulteGroup (PHM) closed at $104.70, marking a -0.53% move from the previous day.
When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?