PHM

PulteGroup (PHM) reported Q3 2026 earnings of $2.53 per share, missing consensus estimates and declining 14.5% year-over-year. Revenues fell 9.8% to $3.97 billion, driven by lower home closings (down 8.7%), softer average selling prices, and margin compression to 24.8%.

While net new orders declined 6.5%, backlog improved 4.1% to 10,298 homes valued at $6.44 billion. The company faces persistent housing affordability challenges and rising mortgage rates.

PulteGroup reported Q3 2026 earnings of $2.53 per share, missing the consensus estimate of $2.63, with revenues of $3.97 billion also falling short of expectations. The company's stock has underperformed the S&P 500 by 17% year-to-date. With unfavorable estimate revisions, PulteGroup received a Zacks Rank #4 (Sell) rating, and the homebuilding industry ranks in the bottom 5% of all sectors.

PulteGroup (PHM) has attracted investor attention but faces headwinds. The homebuilder is expected to report declining earnings of $2.62 per share for the current quarter (-11.5% YoY) and $10.08 for the fiscal year (-11.9% YoY).

Revenue is also projected to decline 5.5% for the current fiscal year. The stock has underperformed the S&P 500 by 6.3% over the past month and carries a Zacks Rank #4 (Sell) rating, suggesting near-term underperformance.