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. These figures are adjusted for non-recurring items. Over the last four quarters, the company has surpassed consensus EPS estimates four times. Meritage shares have added about 13.5% since the beginning of the year versus the S&P 500's gain of 16.5%. There are no easy answers to this key question, but one reliable measure t ...

Exhibit 99.1 Contacts: Emily Tadano, VP Investor Relations and ESG (480) 515-8979 (office) investors@meritagehomes.com Meritage Homes reports second quarter 2024 results 18% increase in home closings year-over-year, home closing gross margin of 25.9% and a 26% increase in diluted EPS SCOTTSDALE, Ariz., July 24, 2024 - Meritage Homes Corporation (NYSE: MTH), the fifth-largest U.S. homebuilder, reported second quarter results for the period ended June 30, 2024. Summary Operating Results (unaudited) (Dollars i ...

Meritage Homes' earnings beat the consensus mark in 22 of the trailing 23 quarters. The Zacks Consensus Estimate for second-quarter 2024 earnings per share (EPS) increased to $5.17 from $5.06 in the past 30 days. The said figure indicates a 3% increase from the year-ago level of $5.02 per share. Factors to Note The company expects home closing to be in the range of 3,600-3,800 units in the to-be-reported quarter, up from 3,490 units reported a year ago. Also, home closing revenues are anticipated to be in t ...

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For the most recent quarter, Meritage was expected to post earnings of $3.54 per share, but it reported $5.06 per share instead, representing a surprise of 42.94%. For the previous quarter, the consensus estimate was $5.18 per share, while it actually produced $5.38 per share, a surprise of 3.86%. Meritage has an Earnings ESP of +0.64% at the moment, suggesting that analysts have grown bullish on its near-term earnings potential. When you combine this positive Earnings ESP with the stock's Zacks Rank #3 (Ho ...

Although the homebuilding industry is facing challenges like high mortgage rates and rising costs, Meritage Homes Corporation (MTH) is likely to benefit from improved cycle times and spec strategy implementation. The company's focus on entry-level and first-move-up homes will likely produce a higher volume in the future. Shares of this Scottsdale, AZ-based homebuilding company have appreciated 10.9% in the past year compared with the Zacks Building Products - Home Builders industry's 18.9% rise. The company ...

SCOTTSDALE, Ariz., June 18, 2024 (GLOBE NEWSWIRE) -- Meritage Homes, the fifth largest public homebuilder in the U.S., is pleased to share recent national accolades recognizing its commitment to energy efficiency, customer service excellence, and philanthropic efforts. 21st Annual Avid Awards for Top Rated Customer Experience Additional Award Wins for Meritage Homes Meritage also received the EPA's ENERGY STAR Market Leader Award for outstanding leadership in promoting greater energy efficiency while workin ...

About Meritage For more information, visit www.meritagehomes.com. To listen, please go to Meritage's Investor Relations page for the live webcast or dial in to 1-877-407-6951 U.S. toll free or 1-412-902-0046. A replay will be available on the Investor Relations page. Meritage Homes has delivered over 180,000 homes in its 38-year history, and has a reputation for its distinctive style, quality construction, and award-winning customer experience. The Company is an industry leader in energy-efficient homebuild ...

To listen, please go to Meritage's Investor Relations page for the live webcast or dial in to 1-877-407-6951 U.S. toll free or 1-412-902-0046. A replay will be available on the Investor Relations page. Meritage Homes is the fifth-largest public homebuilder in the United States, based on homes closed in 2023. The Company offers energy-efficient and affordable entry-level and first move-up homes. Operations span across Arizona, California, Colorado, Utah, Texas, Florida, Georgia, North Carolina, South Carolin ...

SCOTTSDALE, Ariz., May 28, 2024 (GLOBE NEWSWIRE) -- Meritage Homes, the fifth largest public homebuilder in the U.S., is pleased to announce its continued partnership with Operation Homefront's Permanent Homes for Veterans program. This is Meritage's 11th consecutive year working with the organization. As part of the program, Meritage will build and donate brand-new, mortgage-free, energy-efficient homes for veteran families in Austin, TX and Charlotte, NC in 2024. This year's donations will bring Meritage' ...