Earnings Preview: Meritage Homes
Portfolio Pulse from Benzinga Insights
Meritage Homes (NYSE:MTH) is expected to report an EPS of $5.17 in its upcoming quarterly earnings on January 31, 2024. Investors are looking for an earnings beat and positive guidance for future growth. Historically, MTH has seen share price increases following earnings beats, with the last quarter resulting in a 7.04% rise. Over the past year, MTH shares have increased by 53.15%, indicating a bullish sentiment among long-term shareholders.
January 30, 2024 | 4:01 pm
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Meritage Homes is anticipated to report a strong EPS of $5.17. Positive earnings history suggests potential for a stock price increase, especially if earnings beat estimates and guidance is favorable.
Given MTH's history of beating EPS estimates and the subsequent positive stock price reactions, there is a high likelihood of a similar outcome if the company beats the $5.17 EPS estimate and provides strong guidance. The 53.15% year-over-year stock increase reflects a positive investor sentiment that could be further bolstered by a strong earnings report.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100