Home-construction company PulteGroup Inc (NYSE:PHM) reported its fourth-quarter earnings ahead of expectations.
The PulteGroup Analyst: Goldman Sachs analyst Susan Maklari credited the growth to higher revenues and profitability. She maintained a Neutral rating and a $144 price target.
The PulteGroup Thesis: Pulte reported adjusted earnings of $3.10 per share, above the consensus of $2.81 per share, Maklari said in the note.
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She added that PulteGroup’s outperformance was primarily driven by:
- Adjusted homebuilder EBIT margin came in 173 basis points (bps) above the forecast of 17.2%
- A 5% decline …