PulteGroup Beats on Both Top and Bottom Lines
Apr 26th 2012 11:14PM
Updated Apr 26th 2012 11:16PM
PulteGroup (NYS: PHM) reported earnings on April 26. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q1), PulteGroup beat expectations on revenues and exceeded expectations on earnings per share.
Compared with the prior-year quarter, revenue increased and GAAP loss per share contracted.
Margins expanded across the board.
PulteGroup reported revenue of $881.0 million. The 15 analysts polled by S&P Capital IQ predicted a top line of $831.6 million on the same basis. GAAP reported sales were 9.4% higher than the prior-year quarter's $805.2 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at -$0.03. The 16 earnings estimates compiled by S&P Capital IQ averaged -$0.04 per share. GAAP EPS were -$0.03 for Q1 compared to -$0.10 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 12.9%, 60 basis points better than the prior-year quarter. Operating margin was -1.9%, 360 basis points better than the prior-year quarter. Net margin was -1.3%, 360 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $1.05 billion. On the bottom line, the average EPS estimate is $0.03.
Next year's average estimate for revenue is $4.36 billion. The average EPS estimate is $0.22.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 587 members out of 1,282 rating the stock outperform, and 695 members rating it underperform. Among 388 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 145 give PulteGroup a green thumbs-up, and 243 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on PulteGroup is hold, with an average price target of $9.14.
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At the time this article was published Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings. He is the co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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