Meritage Homes Q3 EPS $5.98 Beats $5.14 Estimate, Sales $1.61B Beat $1.57B Estimate
Portfolio Pulse from bharat@benzinga.com
Meritage Homes reported Q3 earnings of $5.98 per share, beating the analyst consensus estimate of $5.14 by 16.34%. However, this is a 15.77% decrease from the same period last year. The company also reported quarterly sales of $1.61 billion, beating the estimate of $1.57 billion by 2.74%, and marking a 2.22% increase from the same period last year.
October 31, 2023 | 8:34 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Meritage Homes' Q3 earnings and sales beat estimates, but earnings are down 15.77% YoY. Sales are up 2.22% YoY.
Meritage Homes' Q3 earnings beat estimates, which is positive. However, the YoY decrease in earnings could be a concern for investors. The increase in sales is a positive sign, but the overall impact is neutral as the positive and negative factors balance each other out.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100