PulteGroup (PHM) Q2 Earnings Shine: Time to Invest or Wait?
PulteGroup(PHM) ZACKS·2024-08-09 01:20
Atlanta, GA-based homebuilder PulteGroup, Inc. (PHM) recently reported robust second-quarter 2024 results, showcasing the resilience of housing demand and the company's sustainable improvements in capital efficiency despite a challenging interest rate environment.The company exceeded earnings and revenue expectations, driven by a balanced operating model. This model facilitated an increase in average sales price (ASP), closings, and gross margin expansion, collectively boosting earnings by 19%.Investors rea ...