Meritage Homes Sees Q4 GAAP EPS $4.10-4.60 vs $4.97 Est
Portfolio Pulse from Benzinga Newsdesk
Meritage Homes (NYSE:MTH) has announced its Q4 GAAP EPS guidance of $4.10-4.60, which is below the analyst estimate of $4.97.
October 29, 2024 | 9:00 pm
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Meritage Homes has provided a Q4 GAAP EPS guidance of $4.10-4.60, which is below the analyst estimate of $4.97. This could lead to a negative short-term impact on the stock price as the market may react to the lower-than-expected earnings guidance.
The company's guidance for Q4 GAAP EPS is significantly lower than the analyst estimate, which typically results in a negative market reaction as investors adjust their expectations. This discrepancy suggests potential challenges or lower performance than anticipated, leading to a likely decrease in stock price.
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