Quarterly earnings results are a good time to check in on a company’s progress, especially compared to its peers in the same sector. Today we are looking at PulteGroup (NYSE: PHM) and the best and worst performers in the home builders industry.

Traditionally, homebuilders have built competitive advantages with economies of scale that lead to advantaged purchasing and brand recognition among consumers. Aesthetic trends have always been important in the space, but more recently, energy efficiency and conservation are driving innovation. However, these companies are still at the whim of the macro, specifically interest rates that heavily impact new and existing home sales. In fact, homebuilders are one of the most cyclical subsectors within industrials.

The 13 home builders stocks we track reported a mixed Q3. As a group, revenues beat analysts’ consensus estimates by 3.3% while next quarter’s revenue guidance was in line.

In light of this news, share prices of the companies have held steady. On average, they are relatively unchanged since the latest earnings results.

PulteGroup (NYSE: PHM)

Having delivered over 850,000 homes since its founding in 1950, PulteGroup (NYSE: PHM) is one of America's largest homebuilders, constructing single-family homes, townhouses, and condominiums for first-time, move-up, and active adult buyers across 46 markets in 25 states.

PulteGroup reported revenues of $4.40 billion, down 1.6% year on year. This print exceeded analysts’ expectations by 2.2%. Despite the top-line beat, it was still a mixed quarter for the company with an impressive beat of analysts’ adjusted operating income estimates but a miss of analysts’ backlog estimates.

Unsurprisingly, the stock is down 1.7% since reporting and currently trades at $121.12.

Is now the time to buy PulteGroup? Access our full analysis of the earnings results here, it’s free for active Edge members.

Best Q3: Champion Homes (NYSE: SKY)

Founded in 1951, Champion Homes (NYSE: SKY) is a manufacturer of modular homes and buildings in North America.

Champion Homes reported revenues of $684.4 million, up 11% year on year, outperforming analysts’ expectations by 6.9%. The business had an incredible quarter with a solid beat of analysts’ EBITDA estimates.

Champion Homes scored the fastest revenue growth among its peers. The market seems happy with the results as the stock is up 30.4% since reporting. It currently trades at $86.74.

Is now the time to buy Champion Homes? Access our full analysis of the earnings results here, it’s free for active Edge members.

Weakest Q3: Meritage Homes (NYSE: MTH)

Originally founded in 1985 in Arizona as Monterey Homes, Meritage Homes (NYSE: MTH) is a homebuilder specializing in designing and constructing energy-efficient and single-family homes in the US.

Meritage Homes reported revenues of $1.42 billion, down 10.8% year on year, falling short of analysts’ expectations by 3.4%. It was a disappointing quarter as it posted a significant miss of analysts’ revenue and adjusted operating income estimates.

Meritage Homes delivered the weakest performance against analyst estimates in the group. As expected, the stock is down 5.2% since the results and currently trades at $67.38.

Read our full analysis of Meritage Homes’s results here.

Toll Brothers (NYSE: TOL)

Started by two brothers who started by building and selling just one home in Pennsylvania, today Toll Brothers (NYSE: TOL) is a luxury homebuilder across the United States.

Toll Brothers reported revenues of $3.42 billion, up 2.7% year on year. This number topped analysts’ expectations by 3.2%. Taking a step back, it was a slower quarter as it logged a significant miss of analysts’ EBITDA and EPS estimates.

The stock is flat since reporting and currently trades at $136.00.

Read our full, actionable report on Toll Brothers here, it’s free for active Edge members.

TopBuild (NYSE: BLD)

Established in 2015 following a spinoff from Masco Corporation, TopBuild (NYSE: BLD) is a distributor and installer of insulation and other building products.

TopBuild reported revenues of $1.39 billion, up 1.4% year on year. This print surpassed analysts’ expectations by 1.2%. More broadly, it was a satisfactory quarter as it also produced an impressive beat of analysts’ organic revenue estimates but full-year EBITDA guidance meeting analysts’ expectations.

TopBuild had the weakest full-year guidance update among its peers. The stock is up 5.3% since reporting and currently trades at $444.87.

Read our full, actionable report on TopBuild here, it’s free for active Edge members.

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