Factors Setting the Tone for Meritage Homes' (MTH) Q2 Earnings

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 ...