Meritage Homes (MTH) Is Up 1.51% in One Week: What You Should Know

Company Overview - Meritage Homes (MTH) currently holds a Momentum Style Score of A, indicating strong momentum characteristics [2] - The company has a Zacks Rank of 2 (Buy), suggesting a favorable outlook for investors [3] Price Performance - Over the past week, MTH shares increased by 1.51%, outperforming the Zacks Building Products - Home Builders industry, which rose by 1.18% [5] - In the last month, MTH's price change was 12.69%, significantly higher than the industry's 4.5% [5] - Over the past quarter, MTH shares have gained 14.13%, and over the last year, they have increased by 54.96%, while the S&P 500 only moved 7.23% and 28.67% respectively [6] Trading Volume - MTH's average 20-day trading volume is 451,433 shares, which serves as a bullish indicator when combined with rising stock prices [7] Earnings Estimates - In the past two months, 9 earnings estimates for MTH have been revised upwards, while none have been lowered, raising the consensus estimate from $17.72 to $20.04 [9] - For the next fiscal year, 8 estimates have increased, with only 1 downward revision during the same period [9] Conclusion - Given the strong momentum indicators and positive earnings outlook, MTH is positioned as a 2 (Buy) stock with a Momentum Score of A, making it a potential candidate for near-term investment [10]