Meritage Homes Q3 2024 GAAP EPS $5.34 Beats $4.97 Estimate, Sales $1.588B Beat $1.58B Estimate
Portfolio Pulse from Benzinga Newsdesk
Meritage Homes reported Q3 2024 earnings per share of $5.34, surpassing the analyst estimate of $4.97. Sales reached $1.588 billion, also beating the estimate of $1.58 billion. Despite these beats, both EPS and sales decreased compared to the same period last year.
October 29, 2024 | 8:33 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Meritage Homes reported better-than-expected Q3 2024 earnings and sales, but both figures declined compared to last year. The EPS of $5.34 beat the estimate of $4.97, and sales of $1.588 billion surpassed the $1.58 billion estimate.
The positive earnings surprise and sales beat are likely to have a short-term positive impact on MTH's stock price. However, the year-over-year decline in both metrics may temper investor enthusiasm.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100