Why Meritage (MTH) is Poised to Beat Earnings Estimates Again

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 ...