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.
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.