Is PulteGroup a Buy on Strong Order Growth?
PulteGroup (NYSE: PHM) announced fourth-quarter earnings and guidance that beat Wall Street estimates and sent the stock up 6%. At first glance, the numbers seem like nothing special. Revenue growth was unspectacular at 1.4%, driven by a 2% increase in unit growth and a drop in average selling prices. Adjusted earnings per share rose, but primarily due to a lower share count.
So why all the hoopla? Order growth.
Image source: Getty Images.
Source Fool.com
