Earnings Preview: Pulte

Published on Wednesday, 01 February 2012 12:08 Written by Christian Paolinetti

New York, February 1st (TradersHuddle.com) - Shares of PulteGroup, Inc. (NYSE:PHM) are trading higher by +4.42% ahead of its quarterly earnings release. Pulte , the Michigan based homebuilder is expected to release its quarterly results on January 2^nd.

Wall Street Analysts consensus calls for a profit of $0.07 a share on $1.14 billion revenue.

Pulte estimates have a range of $0.17 a share. The high estimate calls for profit of $0.13 a share and the low estimate is calling for a loss of $-0.04 a share, a year ago for the quarter the company reported $-0.01 a share.

PulteGroup, Inc. (NYSE:PHM) constructs and develop residential and active adult communities. The Company also provides mortgage financing, title insurance, and other services to home buyers. Pulte has operations in various markets across the United States and Puerto Rico.

Other companies on the watch on this earnings event are NVR, Inc. NYSE:NVR and Lennar Corporation NYSE:LEN.