Yahoo Finance This Top Construction Stock is a #1 (Strong Buy): Why It Should Be on Your Radar
Whether you're a growth, value, income, or momentum-focused investor, building a successful investment portfolio takes skill, research, and a little bit of luck.
Should You Buy #1 (Strong Buy)-Ranked PulteGroup (PHM) for Your Portfolio?
PulteGroup was upgraded to the Zacks Rank #1 list on April 25, 2024. The Zacks Rank is a unique stock-rating model that helps you take advantage of earnings estimate revision trends and provides a way to get into stocks highly sought after by institutional investors.
Based in Atlanta, GA, PulteGroup Inc. engages in homebuilding and financial services businesses, primarily in the United States. The company conducts operations through two primary business segments – Homebuilding (which contributed 98% as of 2023 to total revenues) and Financial Services (2%).
Six analysts revised their earnings estimate higher in the last 60 days for fiscal 2024, while the Zacks Consensus Estimate has increased $1.14 to $12.91 per share. PHM also boasts an average earnings surprise of 12.5%.
Earnings are forecasted to see growth of 10.2% for the current fiscal year, and sales are expected to increase 7.5%.
Additionally, PHM has climbed higher over the past four weeks, gaining 0%. The S&P 500 is down 2.7% in comparison.
Bottom Line
With a #1 (Strong Buy) ranking, positive trend in earnings estimate revisions, and strong market momentum, PulteGroup could be just the stock to help your portfolio generate returns that could fund your retirement, your kids' college tuition, or your short- and long-term savings goals.
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