Meritage Homes (MTH) Q4 Earnings and Revenues Top Estimates

Company Performance - Meritage Homes reported quarterly earnings of $4.72 per share, significantly exceeding the Zacks Consensus Estimate of $2.21 per share, and up from $2.69 per share a year ago, representing an earnings surprise of 113.57% [1] - The company achieved revenues of $1.61 billion for the quarter ended December 2024, surpassing the Zacks Consensus Estimate by 2.80%, although this is a slight decrease from year-ago revenues of $1.65 billion [2] - Over the last four quarters, Meritage has consistently surpassed consensus EPS estimates and revenue estimates [2] Stock Outlook - The immediate price movement of Meritage shares will largely depend on management's commentary during the earnings call, with shares having increased by about 5.2% since the beginning of the year, compared to the S&P 500's gain of 3.2% [3] - Current consensus EPS estimate for the upcoming quarter is $1.90 on revenues of $1.33 billion, and for the current fiscal year, it is $10.52 on revenues of $6.84 billion [7] Industry Context - The Building Products - Home Builders industry, to which Meritage belongs, is currently ranked in the bottom 14% of over 250 Zacks industries, indicating potential challenges ahead [8] - The performance of Meritage's stock may be influenced by the overall outlook for the industry, as historical data shows that the top 50% of Zacks-ranked industries outperform the bottom 50% by more than 2 to 1 [8]