Meritage Homes Sees FY24 EPS $19.80-$21.00 Vs $20.00 Est.; Revenue $6.1B-$6.3B Vs $6.19B Est.
Portfolio Pulse from Benzinga Newsdesk
Meritage Homes has provided its financial outlook for FY24, projecting an EPS range of $19.80 to $21.00, compared to the estimated $20.00. The company also forecasts revenue between $6.1 billion and $6.3 billion, against the estimated $6.19 billion.
July 24, 2024 | 8:34 pm
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POSITIVE IMPACT
Meritage Homes has provided a positive financial outlook for FY24, with EPS and revenue projections slightly above estimates. This could boost investor confidence in the short term.
The company's EPS and revenue projections for FY24 are slightly above market estimates, which is generally seen as a positive indicator. This could lead to a short-term increase in stock price as investors react to the optimistic outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100