PulteGroup, IncNYSE: PHM
Consumer Discretionary · Homebuilding
$119.53
-2.32%
Vol: 876K
Research Digest
Friday, May 1, 2026
PulteGroup reports weaker Q1 2026 with EPS down 30% but approves $1.5B buyback increase
PulteGroup reported Q1 2026 net income of $347M ($1.79 EPS) down from $2.57 YoY with revenues declining 12.4% to $3.41B. Board approved $1.5B buyback increase to $2.1B authorization; analyst consensus remains Buy with $137.67 mean PT.
Previous Market Intelligence
13 daysApr 30PulteGroup misses Q1 earnings estimate with $1.79 EPS vs $1.84 consensus as margin compression pressures homebuilders (April 23)Negative▶
PulteGroup reported Q1 2026 net income of $347M with EPS of $1.79 (missed $1.84 consensus) as the homebuilder faced margin compression challenges. Net new orders increased 3% to 8,034 homes with $4.6B value while closed 6,102 homes. Home sale gross margin of 24.4% reflects ongoing pricing pressure and reliance on sales incentives. Orders were up 18% in Florida statewide. Management increased share repurchase authorization by $1.5B to $2.2B and returned $360M to shareholders in Q1. Bank of America warned of continuing margin compression and affordability issues across the sector.
Apr 29PulteGroup Q1 2026 EPS $1.79 vs $1.81 consensus; $1.5B buyback authorized and $0.26 dividend declaredMixed▶
PulteGroup reported Q1 2026 net income of $347M and EPS of $1.79 near consensus of $1.81. Despite 12.4% revenue decline to $3.41B and 30.4% EPS drop YoY, the company showed operational resilience with 3% rise in net new orders and 18% surge in Florida orders. Net new orders benefited from 9% increase in average community count. Board approved $1.5B share repurchase increase and declared quarterly dividend of $0.26.
Apr 16Evercore ISI upgraded PulteGroup to Outperform with $146 price target citing historic buy signal, first quarter earnings April 23.Positive▶
Evercore ISI upgraded PulteGroup to Outperform from In Line and set $146 price target, representing approximately 19% upside from recent levels, citing a historic buy signal for homebuilders. Zacks boosted Q1 2027 EPS estimates to $2.12 per share from $2.11 on April 14. PulteGroup will release Q1 2026 financial results on April 23, 2026 before market opening with a follow-up conference call. The company opened West Village of Brighton new community in Metro Detroit on April 2, 2026, and was recognized as one of Fortune 100 Best Companies to Work For for the sixth consecutive year. PulteGroup declared quarterly dividend of $0.26 per share payable April 2. Wall Street consensus is Buy with 12 analysts and 12-month price target of $137.67, representing 19.96% upside, though Wells Fargo lowered target to $132 from $150.
Apr 15PulteGroup upgraded by Evercore to Outperform while Wells Fargo cuts target; Q1 earnings on April 23.Mixed▶
PulteGroup received mixed analyst coverage: Evercore upgraded to Outperform on April 14 while Wells Fargo lowered target to $132 from $150. Company issued $800M senior unsecured notes offering. Q1 2026 earnings scheduled for April 23. Board nominated Benjamin Schall for election. Recognized as Fortune 100 Best Place to Work for 6th consecutive year.
Apr 14Multiple analyst downgrades on April 8; Seaport Research downgraded to Sell; Q1 earnings April 23.Negative▶
PulteGroup Q1 2026 earnings April 23 before market open. Wells Fargo cut target to $132 from $150, Barclays to $112 from $115. Seaport Research downgraded from Buy to Sell April 6. Issued $800M senior notes. Regional challenges in West and Texas offset by Florida strength.
Apr 13Q1 earnings April 23; EPS expected to decline 28.79% YoY; analyst price targets cut.Negative▶
PulteGroup will report Q1 2026 earnings April 23. EPS projected at $1.83, down 28.79% YoY; revenue expected at $3.38B, down 13.04% YoY. Wells Fargo cut PT from $150 to $132 but maintained Overweight. Board nominated AvalonBay CEO Benjamin Schall as independent director.
Apr 10PulteGroup Q1 2026 Earnings April 23; Wells Fargo Cuts Target to $132Negative▶
Q1 earnings April 23. Wells Fargo lowered target to $132, maintaining Overweight. Q1 EPS estimate $1.83 (-28.8% YoY).
Apr 9PulteGroup mixed analyst sentiment; Wells Fargo target $132, Seaport downgrades to Sell.Mixed▶
Wells Fargo cut target to $132 from $150 but maintained Buy. Seaport Global downgraded to Sell, target $100. Barclays cut target to $112 from $115. PHM announced Q1 2026 earnings April 23. Stock down 2.4% week, down 18.6% month. 12 analysts rate "Buy" with $137.67 target (+20%). Consensus bullish but recent downgrades weigh on sentiment.
Apr 8Seaport Global downgrades PulteGroup from Buy to Sell on weak job growth and slowing housing demand.Negative▶
Seaport Global downgraded PHM to Sell PT $100 from $155. Stock $119.83. Average PT $140.55. Q1 results April 23.
Apr 7PulteGroup Reports Strong Q4 Results; Q1 2026 Guidance on April 23Positive▶
PulteGroup released Q1 2026 earnings guidance announcement scheduled for April 23 after market open. Q4 2025 showed strong performance with adjusted EPS of $2.88 exceeding expectations and revenue of $4.6 billion beating forecasts. Company named to Fortune 100 Best Companies to Work For for sixth consecutive year and priced $800 million senior notes offering.
Apr 6PulteGroup lands No. 67 on Fortune best workplaces list amid spring 2026 selling season optimism.Positive▶
PulteGroup was recognized as one of the Fortune 100 Best Companies to Work For for the sixth year, ranking 67th. The homebuilder is optimistic about spring 2026 selling season due to improved affordability and lower mortgage rates. Management announced a board nomination and land acquisition for 1,326 homesites in Florida. Stock has declined 11.16% over the past month but outperformed the Consumer Discretionary sector annually. Q4 results showed adjusted EPS of $2.88 exceeding expectations of $2.78.
Apr 3PulteGroup initiated with Buy rating at Truist; Q1 2026 earnings expected April 23.Positive▶
PulteGroup received a Buy initiation from Truist. The homebuilder exceeded Q4 2025 expectations with $4.6 billion revenue and adjusted EPS of $2.88. Analysts maintain Buy with 12-month target of $137.67 (19.96% upside). Q1 2026 results due before market open on April 23.
Apr 2PulteGroup expands Florida presence with St. Joe partnership covering 1,300+ homesites amid spring homebuying season optimism.Positive▶
PulteGroup announced a strategic partnership with The St. Joe Company to develop over 1,300 homesites in Bay County, Florida, marking its first entry into Northwest Florida. This expansion comes as management is optimistic about the spring 2026 selling season due to improved affordability and lower mortgage rates. The company's Q4 2025 earnings beat expectations with adjusted EPS of $2.88 versus forecasted $2.78 and revenue of $4.6B versus $4.3B. Analysts maintain a "Moderate Buy" rating with a target price of $143.43, indicating 26.1% upside potential. Management nominated Benjamin Schall to the board in March 2026.
Sector Peers
| Company | Price | Day | 1M | Fwd P/E | Beta | Mkt Cap |
|---|---|---|---|---|---|---|
| DHIDR | $150.23 | -2.36% | +8.6% | 12.8x | 1.45 | $43.6B |
| PHMPULTEGROUP | $119.53 | -2.32% | +2.1% | 10.9x | 1.34 | $23.3B |
| LENLENNAR | $88.68 | -1.79% | +1.9% | 11.9x | 1.49 | $22.2B |
| NVRNVR | $6,172.15 | -2.28% | -6.0% | 15.0x | 1.07 | $17.3B |
| AMZNAMAZON.COM | $268.12 | +1.15% | +24.6% | 27.1x | 1.38 | $2.85T |
| TSLATESLA | $390.70 | +2.38% | +8.2% | 150.5x | 1.92 | $1.43T |
Key Fundamentals
RSI (14-Day)
52-Week Range
Moving Averages
Price below 200d MA — bearish structure.