PulteGroup (PHM) Tops Q3 EPS by 22c

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Go back to PulteGroup (PHM) Tops Q3 EPS by 22c

Homebuilder PulteGroup (PHM) Receives Multiple Upgrades Following Strong Q3 Results

October 23, 2020 8:50 AM EDT

Analysts at RBC and Susquehanna upgraded PulteGroup (NYSE: PHM) after the company reported better-than-expected 3Q earnings.

PulteGroup reported adjusted EPS of $1.34, easily beating the Streets consensus of $1.11. Revenue was reported at $2.95 billion, beating both the consensus and the year-ago number of $2.71 billion.

The companys CEO Ryan Marshall credited strong results to the dramatic rebound in housing demand that began in May.

Following the results presentation, RBCs analyst Mike Dahl... More