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Is PulteGroup a Buy on Strong Order Growth?

TheMotleyFool

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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

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