PulteGroup, Inc. Just Recorded A 31% EPS Beat: Here's What Analysts Are Forecasting Next
PulteGroup, Inc. Just Recorded A 31% EPS Beat: Here's What Analysts Are Forecasting Next
PulteGroup, Inc. (NYSE:PHM) just released its latest first-quarter results and things are looking bullish. PulteGroup delivered a significant beat to revenue and earnings per share (EPS) expectations, hitting US$3.9b-10% above indicated-andUS$3.10-31% above forecasts- respectively Following the result, the analysts have updated their earnings model, and it would be good to know whether they think there's been a strong change in the company's prospects, or if it's business as usual. With this in mind, we've gathered the latest statutory forecasts to see what the analysts are expecting for next year.
PulteGroup, Inc.（紐約證券交易所代碼：PHM）剛剛發佈了最新的第一季度業績，情況看起來樂觀。PulteGroup大幅超出了收入和每股收益（EPS）的預期，分別比預期高出39億美元-10％，比預期高出3.10-31％。業績公佈後，分析師更新了他們的收益模型，很高興知道他們是否認爲公司的前景發生了巨大變化，或者是否照常營業。考慮到這一點，我們收集了最新的法定預測，以了解分析師對明年的預期。
Taking into account the latest results, the current consensus from PulteGroup's 13 analysts is for revenues of US$17.2b in 2024. This would reflect a satisfactory 4.7% increase on its revenue over the past 12 months. Statutory per share are forecast to be US$12.99, approximately in line with the last 12 months. Yet prior to the latest earnings, the analysts had been anticipated revenues of US$16.9b and earnings per share (EPS) of US$11.87 in 2024. So the consensus seems to have become somewhat more optimistic on PulteGroup's earnings potential following these results.
考慮到最新業績，普爾特集團的13位分析師目前的共識是，2024年的收入爲172億美元。這將反映其在過去12個月中收入令人滿意地增長了4.7％。預計法定每股收益爲12.99美元，與過去12個月大致持平。然而，在最新業績公佈之前，分析師曾預計2024年的收入爲169億美元，每股收益（EPS）爲11.87美元。因此，在這些業績公佈後，人們對PulteGroup的盈利潛力的共識似乎變得更加樂觀了。
There's been no major changes to the consensus price target of US$131, suggesting that the improved earnings per share outlook is not enough to have a long-term positive impact on the stock's valuation. That's not the only conclusion we can draw from this data however, as some investors also like to consider the spread in estimates when evaluating analyst price targets. Currently, the most bullish analyst values PulteGroup at US$183 per share, while the most bearish prices it at US$105. This shows there is still a bit of diversity in estimates, but analysts don't appear to be totally split on the stock as though it might be a success or failure situation.
131美元的共識目標股價沒有重大變化，這表明每股收益前景的改善不足以對股票估值產生長期的積極影響。但是，這並不是我們可以從這些數據中得出的唯一結論，因爲一些投資者在評估分析師目標股價時也喜歡考慮估計值的差異。目前，最看漲的分析師對普爾特集團的估值爲每股183美元，而最看跌的分析師估值爲105美元。這表明估值仍然存在一點差異，但分析師似乎對該股的看法並不完全分歧，好像這可能是成功或失敗一樣。
These estimates are interesting, but it can be useful to paint some more broad strokes when seeing how forecasts compare, both to the PulteGroup's past performance and to peers in the same industry. We would highlight that PulteGroup's revenue growth is expected to slow, with the forecast 6.3% annualised growth rate until the end of 2024 being well below the historical 12% p.a. growth over the last five years. Compare this to the 91 other companies in this industry with analyst coverage, which are forecast to grow their revenue at 5.1% per year. So it's pretty clear that, while PulteGroup's revenue growth is expected to slow, it's expected to grow roughly in line with the industry.
這些估計很有趣，但是在查看預測與PulteGroup過去的表現以及與同一行業的同行進行比較時，可以更粗略地描述一些細節。我們要強調的是，PulteGroup的收入增長預計將放緩，預計到2024年底的年化增長率爲6.3％，遠低於過去五年中12％的歷史年增長率。相比之下，該行業中其他91家擁有分析師報道的公司，預計這些公司的收入將以每年5.1％的速度增長。因此，很明顯，儘管PulteGroup的收入增長預計將放緩，但預計其增長將與行業大致持平。
The Bottom Line
底線
The biggest takeaway for us is the consensus earnings per share upgrade, which suggests a clear improvement in sentiment around PulteGroup's earnings potential next year. Happily, there were no real changes to revenue forecasts, with the business still expected to grow in line with the overall industry. The consensus price target held steady at US$131, with the latest estimates not enough to have an impact on their price targets.
對我們來說，最大的收穫是共識的每股收益上調，這表明人們對PulteGroup明年盈利潛力的看法明顯改善。令人高興的是，收入預測沒有實際變化，預計該業務仍將與整個行業保持一致。共識目標股價穩定在131美元，最新估計不足以對其目標價格產生影響。
Keeping that in mind, we still think that the longer term trajectory of the business is much more important for investors to consider. At Simply Wall St, we have a full range of analyst estimates for PulteGroup going out to 2026, and you can see them free on our platform here..
考慮到這一點，我們仍然認爲該業務的長期發展軌跡對於投資者來說更爲重要。在Simply Wall St，我們有分析師對PulteGroup到2026年的全方位估計，你可以在我們的平台上免費看到這些估計。
Before you take the next step you should know about the 1 warning sign for PulteGroup that we have uncovered.
在你採取下一步行動之前，你應該了解我們發現的PulteGroup的1個警告信號。
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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Simply Wall St的這篇文章本質上是籠統的。我們僅使用公正的方法根據歷史數據和分析師的預測提供評論，我們的文章無意作爲財務建議。它不構成買入或賣出任何股票的建議，也沒有考慮到您的目標或財務狀況。我們的目標是爲您提供由基本數據驅動的長期重點分析。請注意，我們的分析可能不考慮最新的價格敏感型公司公告或定性材料。簡而言之，華爾街沒有持有任何上述股票的頭寸。
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