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Meritage Homes (MTH) is a Top-Ranked Momentum Stock: Should You Buy?
Meritage HomesMeritage Homes(US:MTH) ZACKSยท2024-07-22 14:57

Company Overview - Meritage Homes Corporation is a leading designer and builder of single-family homes, focusing on entry-level, first-time, move-up, luxury, and active adult buyers in high-growth regions of the United States [9]. Investment Insights - Meritage Homes (MTH) has a Momentum Style Score of B, with shares increasing by 18.7% over the past four weeks, indicating strong momentum [10]. - MTH holds a solid Zacks Rank and top-tier Momentum and VGM Style Scores, making it a candidate for investors' short lists [11]. - The Zacks Consensus Estimate for MTH's fiscal 2024 earnings has risen by $0.31 to $20.27 per share, with two analysts revising their earnings estimates upwards in the last 60 days [22]. Zacks Style Scores - The Zacks Style Scores categorize stocks into four types: Value, Growth, Momentum, and VGM, which help investors identify attractive investment opportunities based on different characteristics [14][15][16][17]. - Stocks rated A or B in the Style Scores, combined with a Zacks Rank of 1 or 2, are considered to have the highest likelihood of success [20].