Meritage Homes Q1 2024 GAAP EPS $5.06 Beats $3.55 Estimate, Sales $1.468B Beat $1.288B Estimate
Portfolio Pulse from Benzinga Newsdesk
Meritage Homes reported Q1 2024 earnings of $5.06 per share, surpassing the $3.55 estimate, with sales of $1.468B also beating the $1.288B estimate. This represents a 14.78% increase in sales compared to the same period last year.

April 24, 2024 | 8:40 pm
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POSITIVE IMPACT
Meritage Homes reported a significant beat on both earnings per share and sales for Q1 2024, with a notable year-over-year sales increase.
The substantial beat on both earnings per share and sales estimates, coupled with a significant year-over-year sales growth, is likely to positively impact investor sentiment and the stock price in the short term. The company's performance significantly exceeded analyst expectations, which typically leads to positive stock price movement as the market adjusts to the new information.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100