PulteGroup beats profit estimates on strong demand for pricier homes
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Wolfe Positive on PulteGroup (PHM), 'results were better than feared'
October 24, 2023 8:10 AM EDTWolfe Research analyst Truman Patterson reiterated an Outperform rating and $95.00 price target on PulteGroup (NYSE: PHM).
The analyst comments "PHM turned in solid 3Q results as HB Revenue, GM, SG&A, OM and Fin Serv OP were better than expected, resulting in Adj EPS of $2.90 (+7% YoY) beating our $2.74 estimate by 6% and Consensus $2.82. Given the recent... More
