Meritage Homes (MTH) Expected to Beat Earnings Estimates: Should You Buy?

Core Viewpoint - The market anticipates a year-over-year decline in earnings for Meritage Homes (MTH) due to lower revenues, with a focus on how actual results compare to estimates [1][2]. Earnings Expectations - Meritage is expected to report quarterly earnings of $2.45 per share, reflecting an 8.9% decrease year-over-year, and revenues are projected to be $1.57 billion, down 5.1% from the previous year [3]. Estimate Revisions - The consensus EPS estimate has been revised 11.78% higher in the last 30 days, indicating a positive reassessment by analysts [4]. Earnings Surprise Prediction - The Zacks Earnings ESP model suggests that the Most Accurate Estimate is higher than the Zacks Consensus Estimate, resulting in a positive Earnings ESP of +5.97%, indicating a likelihood of beating the consensus EPS estimate [10][11]. Historical Performance - Meritage has consistently beaten consensus EPS estimates, achieving this in the last four quarters, with a notable surprise of +5.53% in the most recent quarter [12][13]. Conclusion - Meritage is positioned as a strong candidate for an earnings beat, but investors should consider other influencing factors beyond earnings results [14][16].