The headline numbers for Meritage (MTH) give insight into how the company performed in the quarter ended December 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Meritage Homes (MTH) came out with quarterly earnings of $4.72 per share, beating the Zacks Consensus Estimate of $2.21 per share. This compares to earnings of $2.69 per share a year ago.
MTH's fourth-quarter 2024 performance is likely to have reflected profitability pressures, lower deliveries and ASPs.
Meritage (MTH) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Meritage (MTH) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
MTH benefits from its focus on entry-level housing and efficient spec home strategy amid industry challenges.
I maintain a buy rating for Meritage Homes Corporation due to strong earnings growth outlook and favorable macro conditions, including tight housing supply and elevated mortgage rates. MTH's strategic focus on quick, move-in ready homes with a 60-day closing guarantee positions it well to capture demand in the current market. Risks include tighter regulations affecting home financing and supply chain pressures from increased new home construction.
Phillippe Lord, Meritage Homes CEO, joins CNBC's 'The Exchange' to discuss what to expect in the upcoming year for home building.
Meritage (MTH) reported earnings 30 days ago. What's next for the stock?
Meritage Homes Corporation (NYSE:MTH ) Q3 2024 Earnings Conference Call October 30, 2024 11:00 AM ET Company Participants Emily Tadano - Vice President, Investor Relations & ESG Steve Hilton - Executive Chairman Phillippe Lord - Chief Executive Officer Hilla Sferruzza - Executive Vice President & Chief Financial Officer Conference Call Participants Stephen Kim - Evercore ISI Alan Ratner - Zelman & Associates Michael Rehaut - JPMorgan Trevor Allinson - Wolfe Research John Lovallo - UBS Carl Reichardt - BTIG Susan Maklari - Goldman Sachs Alex Barron - Housing Research Center Jay McCanless - Wedbush Securities Operator Greetings, and welcome to the Meritage Homes Third Quarter 2024 Analyst Call. At this time, all participants are in a listen-only mode.
MTH's third-quarter 2024 results are backed by its strategy of readily delivering quick-turning and affordable move-in-ready homes.
Meritage Homes (MTH) came out with quarterly earnings of $5.34 per share, beating the Zacks Consensus Estimate of $5.05 per share. This compares to earnings of $5.98 per share a year ago.