PulteGroup Second Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component PulteGroup, Inc. (NYSE:PHM) will unveil its latest earnings on Thursday, July 26, 2012. 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 profit of 5 cents per share, a swing from a loss of 4 cents in the year-earlier quarter. The average estimate is the same as three months ago. Between one and three months ago, the average estimate was unchanged. It also has not changed during the last month. For the year, analysts are projecting net income of 28 cents per share, a spike from net loss of one cent last year.

Past Earnings Performance: Last quarter, the company saw a loss of 3 cents per share versus a mean estimate of net loss of 3 cents per share. This comes after two consecutive quarters of exceeding expectations.

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A Look Back: In the first quarter, the company’s loss narrowed to a loss of $11.7 million (3 cents a share) from a loss of $39.5 million (10 cents) a year earlier, meeting analyst expectations. Revenue rose 9.4% to $881 million from $805.2 million.

Stock Price Performance: Between April 25, 2012 and July 20, 2012, the stock price rose $2.16 (24.8%), from $8.70 to $10.86. The stock price saw one of its best stretches over the last year between December 30, 2011 and January 11, 2012, when shares rose for eight straight days, increasing 22% (+$1.39) over that span. It saw one of its worst periods between March 28, 2012 and April 10, 2012 when shares fell for nine straight days, dropping 18.9% (-$1.79) over that span.

Wall St. Revenue Expectations: On average, analysts predict $1.11 billion in revenue this quarter, a rise of 19.7% from the year-ago quarter. Analysts are forecasting total revenue of $4.62 billion for the year, a rise of 11.6% from last year’s revenue of $4.14 billion.

Key Stats:

On the top line, the company is looking to build on three-straight revenue increases heading into this earnings announcement. Revenue increased 8% in the third quarter of the last fiscal year and 6.5% in the fourth quarter of the last fiscal year before climbing again in the first quarter.

Analyst Ratings: There are mostly holds on the stock with nine of 13 analysts surveyed giving that rating.

Balance Sheet Analysis: The company’s current ratio of assets to liabilities came in at 3.2 last quarter. Having a ratio above 2:1 is usually considered a good indicator of a company’s liquidity and ability to meet creditor demands.

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(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)

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