PulteGroup's Q3 home sale revenue falls 2%

Pultegroup

21/10/2025 11:43

Overview

PulteGroup Q3 home sale rev decreases 2% yr/yr to $4.2 bln

Net income for Q3 falls to $586 mln from $698 mln last year

Company repurchased 2.4 mln common shares for $300 mln in the quarter

Outlook

Company monitoring buyer demand affected by consumer confidence and affordability challenges

Result Drivers

HOME SALE REVENUE DECLINE - Co attributes 2% decrease in home sale revenues to a 5% drop in closings, partially offset by a 3% increase in average sales price

NET NEW ORDERS DECLINE - Co reports a 6% decrease in net new orders due to weaker consumer confidence and ongoing affordability challenges

FINANCIAL SERVICES INCOME DROP - Lower closing volumes and decreased mortgage capture rate led to reduced pre-tax income in financial services

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Home Sale Revenues
$4.24 bln
Q3 EPS
$2.96
Q3 Home Sale Gross Margin
26.20%
Q3 Orders
$3.60 bln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "strong buy" or "buy", 6 "hold" and 1 "sell" or "strong sell"

The average consensus recommendation for the homebuilding peer group is "buy"

Wall Street's median 12-month price target for Pultegroup Inc is $140.00, about 12% above its October 20 closing price of $123.27

The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 9 three months ago

Press Release: ID:nBw4w0g2Wa

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)