NYSE$PHM
PulteGroup Inc · Q1 2021 earnings
Q1 2021 earnings · · Investor relations
Briefing
PulteGroup reported strong first-quarter results driven by high demand and increased closings.
PulteGroup reported a strong start to the year, with a 31% increase in net new orders and a 12% increase in closings. The company's adjusted earnings per share increased by 60%, driven by gains in core homebuilding operations and strong cash flows.
- Net income was $1.13 per share, and adjusted net income was $1.28 per share.
- Closings increased by 12% to 6,044 homes.
- Net new orders increased by 31% to 9,852 homes.
- Backlog increased by 50% to 18,966 homes with a value of $8.8 billion.
Headline financials
Revenue & EPS history
PulteGroup · Revenue · Quarterly
$77.4M
Revenue by segment
PulteGroup · $106M total across 1 segment · Q1 2021
- Financial Services$106M+94.5%100.0%
Forward guidance
The company is optimistic about future housing conditions and the opportunity to drive additional gains in business results, citing favorable demographics, low interest rates, and improving consumer confidence.
Tailwinds
- Favorable demographics support housing demand.
- Low interest rates make homeownership more accessible.
- Improving consumer confidence boosts buyer activity.
- Increased desire for single-family living drives demand.
- Limited supply of new and existing homes creates favorable conditions.
Headwinds
- Interest rate changes could impact mortgage financing.
- Competition within the homebuilding industry may affect results.
- Availability and cost of land and raw materials could pose challenges.
- Shortages and the cost of labor could impact construction activities.
- Economic changes nationally or in local markets could affect the housing market.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2021
+1.3%
Avg return
Earnings day
+2.4%
Avg return
5 days after
+3.6%
Avg return
30 days after
59%
41 / 69 earnings
Positive
+19.9%
Q2 2012
Best reaction
-11.3%
Q2 2013
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +2.8% | -2.1% | -8.7% | |
| Q4 2025 | +1.5% | +5.8% | +11.3% | |
| Q3 2025 | -0.1% | -2.2% | -7.2% | |
| Q2 2025 | -1.1% | +0.3% | +5.5% | |
| Q1 2025 | +8.4% | +9.4% | +5.9% | |
| Q4 2024 | +4.9% | -2.3% | -8.6% | |
| Q3 2024 | -7.7% | -8.2% | -11.2% | |
| Q2 2024 | -2.5% | +3.5% | +2.8% | |
| Q1 2024 | +4.1% | +5.5% | +4.6% | |
| Q4 2023 | -1.4% | -0.1% | +2.2% | |
| Q3 2023 | +0.6% | +1.9% | +24.6% | |
| Q2 2023 | +7.3% | +8.0% | -0.2% | |
| Q1 2023 | +1.2% | +5.2% | +4.2% | |
| Q4 2022 | +12.4% | +13.1% | +4.4% | |
| Q3 2022 | +2.4% | +6.2% | +17.8% | |
| Q2 2022 | -2.3% | -2.4% | -3.7% | |
| Q1 2022 | +0.3% | +4.7% | +9.7% | |
| Q4 2021 | +3.2% | -7.5% | -6.5% | |
| Q3 2021 | -2.2% | -3.6% | +5.6% | |
| Q2 2021 | -1.4% | +2.8% | +0.9% | |
| Q1 2021 | +7.1% | +7.9% | +5.6% | |
| Q4 2020 | -7.9% | -2.7% | -4.5% | |
| Q3 2020 | -2.8% | -8.6% | -3.5% | |
| Q2 2020 | +8.1% | +10.3% | +20.4% | |
| Q1 2020 | +6.5% | +20.4% | +38.4% | |
| Q4 2019 | +3.9% | +0.8% | -5.8% | |
| Q3 2019 | +4.3% | +5.8% | +2.1% | |
| Q2 2019 | -7.7% | -4.8% | -1.0% | |
| Q1 2019 | +5.4% | +4.1% | +4.5% | |
| Q4 2018 | +0.8% | +1.2% | -0.1% | |
| Q3 2018 | +6.0% | +14.6% | +22.9% | |
| Q2 2018 | -2.9% | -1.7% | -1.5% | |
| Q1 2018 | +5.9% | +7.8% | +4.5% | |
| Q4 2017 | -4.8% | -8.2% | -14.1% | |
| Q3 2017 | +4.8% | +7.8% | +17.7% | |
| Q2 2017 | -0.5% | -0.3% | +2.0% | |
| Q1 2017 | -1.6% | -1.8% | -0.8% | |
| Q4 2016 | +4.0% | +5.2% | +6.3% | |
| Q3 2016 | -4.1% | -6.6% | -5.2% | |
| Q2 2016 | +7.0% | +8.2% | +3.8% | |
| Q1 2016 | -0.7% | — | — | |
| Q4 2015 | +4.2% | — | — | |
| Q3 2015 | -5.7% | — | — | |
| Q2 2015 | -3.3% | — | — | |
| Q1 2015 | -7.2% | — | — | |
| Q4 2014 | +0.0% | — | — | |
| Q3 2014 | +1.9% | — | — | |
| Q2 2014 | -5.6% | — | — | |
| Q1 2014 | -0.7% | — | — | |
| Q4 2013 | +4.6% | — | — | |
| Q3 2013 | +8.2% | — | — | |
| Q2 2013 | -11.3% | — | — | |
| Q1 2013 | +8.4% | — | — | |
| Q4 2012 | -3.3% | — | — | |
| Q3 2012 | -1.0% | — | — | |
| Q2 2012 | +19.9% | — | — | |
| Q1 2012 | +15.7% | — | — | |
| Q4 2010 | +1.6% | — | — | |
| Q4 2011 | +1.6% | — | — | |
| Q3 2011 | -4.3% | — | — | |
| Q2 2011 | -9.0% | — | — | |
| Q1 2010 | +1.9% | — | — | |
| Q1 2011 | +0.5% | — | — | |
| Q4 2008 | -2.2% | — | — | |
| Q3 2010 | +2.6% | — | — | |
| Q3 2009 | +2.6% | — | — | |
| Q2 2010 | +3.5% | — | — | |
| Q4 2009 | +3.5% | — | — | |
| Q2 2009 | +3.5% | — | — |
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