Meritage Homes has shown significant stock performance, up 29.5% since April and 79.8% since January 2022, outperforming the S&P 500. Despite a potential decline in Q3 revenue and profits, Meritage Homes remains undervalued with strong fundamentals and a favorable market outlook. Revenue and profits have increased due to higher home closures, although average home prices have dropped, reflecting reduced costs and high interest rates.
FBIN's recent partnership with Meritage Homes is set to solidify Moen's exceptional plumbing solutions.
Does Meritage Homes (MTH) have what it takes to be a top stock pick for momentum investors? Let's find out.
Meritage (MTH) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.
Meritage Homes Corporation MTH stock has been rallying of late, gaining 8.8% over the past month. This Scottsdale, AZ-based company's shares have also performed a little better than the Zacks Building Products - Home Builders industry's 8.4% rise.
Meritage (MTH) reported earnings 30 days ago. What's next for the stock?
MTH made it to the Zacks Rank #1 (Strong Buy) income stocks list on August 8, 2024.
The second-quarter 2024 results of Meritage Homes (MTH) showcase impressive home closings and new home order growth. The uptrend was backed by its strategy of readily delivering quick-turning and affordable move-in-ready homes.
Meritage Homes has the highest Composite Rating of 22 companies in IBD's homebuilding industry group.
Although the revenue and EPS for Meritage (MTH) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Meritage Homes (MTH) came out with quarterly earnings of $6.31 per share, beating the Zacks Consensus Estimate of $5.17 per share. This compares to earnings of $5.02 per share a year ago.
Meritage Homes' (MTH) second-quarter 2024 performance is likely to have benefited from improved cycle times, land acquisition and solid spec strategy.