Meritage Homes Q2 EPS $5.02 Vs $6.77 Last Year, Sales $1.57B Beat $1.31B Estimate
Portfolio Pulse from Benzinga Newsdesk
Meritage Homes reported Q2 earnings of $5.02 per share, a decrease of 25.85% from last year. However, the company's quarterly sales of $1.57 billion beat the analyst consensus estimate of $1.31 billion by 19.62%, marking a 10.98% increase from the same period last year.
July 27, 2023 | 8:32 pm
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NEUTRAL IMPACT
Meritage Homes' Q2 earnings per share decreased by 25.85% YoY, but sales exceeded estimates and increased by 10.98% YoY.
While Meritage Homes' earnings per share decreased significantly, the company's sales exceeded estimates and showed a healthy increase from the same period last year. This mixed result could lead to neutral short-term price movement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100