Meritage Homes (MTH) Gears Up For Q3 Earnings: What's Up?
Zacks Investment Research | Oct 16, 2019 11:40PM ET
Meritage Homes Corporation (NYSE:MTH) is slated to report third-quarter 2019 results on Oct 22, after market close.
In the last reported quarter, the company’s earnings and revenues topped the Zacks Consensus Estimate by 27.2% and 7.2%, respectively. In fact, the company surpassed earnings estimates in 14 of the trailing 15 quarters.
Solid homebuilding fundamentals are likely to have supported its third-quarter results.
How are Estimates Faring?
Let’s take a look at the estimate revision trend in order to get a clear picture of what analysts are thinking about the company prior to the earnings release.
For the quarter to be reported, the Zacks Consensus Estimate for earnings per share has been revised 0.7% upward over the past 30 days to $1.49. This indicates an increase of 12.3% from the year-ago earnings of $1.33 per share. Revenues are also expected to rise 3.6% from the prior-year quarter to $916.38 million.
Meritage Corporation Price and EPS Surprise
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