Recap: Meritage Homes Q4 Earnings
Portfolio Pulse from Benzinga Insights
Meritage Homes (NYSE:MTH) reported Q4 earnings with an EPS of $5.38, beating estimates by 4.06% but with a revenue decrease from the previous year. The company has a history of beating EPS estimates, which in the past has led to a share price increase the following day.
January 31, 2024 | 9:35 pm
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Meritage Homes reported a higher-than-expected Q4 EPS of $5.38, outperforming estimates by 4.06%, but experienced a year-over-year revenue decline.
Meritage Homes' positive earnings surprise is likely to be viewed favorably by investors, as historical data shows a share price increase following past earnings beats. However, the decline in revenue may temper some of the positive sentiment, leading to a mixed but overall positive short-term impact.
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