PulteGroup's Q4 Earnings: Mixed Results Amid Industry-Wide Challenges

PulteGroup reported mixed Q1 earnings, with homebuilding revenue at $4.2 bln, slightly below last year's $4.3 bln, and gross margins on home sales declining to 26.2% from 28.8%. Analysts downgraded the company due to industry-wide issues, such as tariffs, material inflation, and high mortgage rates. However, PulteGroup has a unit backlog of 9,888 homes valued at $6.2 bln, which could translate into future revenue and earnings. The Federal Reserve's potential interest rate cuts could boost the market.