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Meritage (MTH) Q4 Earnings: How Key Metrics Compare to Wall Street Estimates
MTHMeritage Homes(MTH) ZACKS·2025-01-30 02:01

Financial Performance - Revenue for Q4 2024 was 1.61billion,a2.41.61 billion, a 2.4% decrease year-over-year [1] - EPS for Q4 2024 was 4.72, a significant increase from 2.69intheyear−agoquarter[1]−RevenueexceededtheZacksConsensusEstimateby2.802.69 in the year-ago quarter [1] - Revenue exceeded the Zacks Consensus Estimate by 2.80%, with EPS surpassing estimates by 113.57% [1] Key Metrics Analysis - Home Closing Revenue - Average sales price was 395, slightly below the 10-analyst average estimate of 402.77[4]−Homesclosedtotaled4,044,exceedingthe10−analystaverageestimateof3,885[4]−Homesorderedwere3,304,slightlybelowthe10−analystaverageestimateof3,352[4]−OrderBacklogwas1,544,belowthenine−analystaverageestimateof1,759[4]−ActiveCommunities−Ending−Totalwas292,belowtheeight−analystaverageestimateof303[4]−OrderBacklog−Averagesalespricewas402.77 [4] - Homes closed totaled 4,044, exceeding the 10-analyst average estimate of 3,885 [4] - Homes ordered were 3,304, slightly below the 10-analyst average estimate of 3,352 [4] - Order Backlog was 1,544, below the nine-analyst average estimate of 1,759 [4] - Active Communities - Ending - Total was 292, below the eight-analyst average estimate of 303 [4] - Order Backlog - Average sales price was 408, slightly above the eight-analyst average estimate of 406[4]−OrderBacklogValuewas406 [4] - Order Backlog Value was 629.55 million, below the seven-analyst average estimate of 708.57million[4]−HomesOrderedValuewas708.57 million [4] - Homes Ordered Value was 1.32 billion, slightly below the six-analyst average estimate of 1.35billion[4]RevenueBreakdown−Totalclosingrevenue(Homebuilding)was1.35 billion [4] Revenue Breakdown - Total closing revenue (Homebuilding) was 1.61 billion, exceeding the 11-analyst average estimate of 1.57billion,withayear−over−yearchangeof−2.41.57 billion, with a year-over-year change of -2.4% [4] - Home closing revenue was 1.60 billion, exceeding the 11-analyst average estimate of 1.56billion,withayear−over−yearchangeof−2.81.56 billion, with a year-over-year change of -2.8% [4] - Land closing revenue was 17.36 million, significantly above the 10-analyst average estimate of 6.15million,withayear−over−yearchangeof+48.66.15 million, with a year-over-year change of +48.6% [4] - Financial Services revenue was 8.43 million, above the 10-analyst average estimate of $7.43 million, with a year-over-year change of +17.1% [4] Stock Performance - Shares of Meritage returned +5.2% over the past month, outperforming the Zacks S&P 500 composite's +1.7% change [3] - The stock currently has a Zacks Rank 4 (Sell), indicating potential underperformance in the near term [3]