Meritage Homes Q2 2024 GAAP EPS $6.31 Beats $4.97 Estimate, Sales $1.693B Beat $1.571B Estimate
Portfolio Pulse from Benzinga Newsdesk
Meritage Homes (NYSE:MTH) reported Q2 2024 earnings per share (EPS) of $6.31, significantly beating the analyst consensus estimate of $4.97. The company also reported quarterly sales of $1.693 billion, surpassing the estimate of $1.571 billion. This represents an 8.04% increase over the same period last year.
July 24, 2024 | 8:32 pm
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Meritage Homes (NYSE:MTH) reported strong Q2 2024 earnings, with EPS of $6.31 beating estimates by 26.96% and sales of $1.693 billion exceeding expectations by 7.74%. This performance indicates robust growth and could positively impact the stock price in the short term.
The significant beat on both EPS and sales estimates suggests strong operational performance and market demand, likely leading to a positive short-term impact on MTH's stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100