Meritage Properties (MTH) reported $1.47 billion in income for the quarter ended March 2024, representing a year-over-year improve of 14.8%. EPS of $5.06 for a similar interval compares to $3.54 a yr in the past.
The reported income compares to the Zacks Consensus Estimate of $1.28 billion, representing a shock of +14.54%. The corporate delivered an EPS shock of +42.94%, with the consensus EPS estimate being $3.54.
Whereas buyers scrutinize income and earnings modifications year-over-year and the way they evaluate with Wall Road expectations to find out their subsequent transfer, some key metrics all the time provide a extra correct image of an organization’s monetary well being.
As these metrics affect top- and bottom-line efficiency, evaluating them to the year-ago numbers and what analysts estimated helps buyers mission a inventory’s worth efficiency extra precisely.
Right here is how Meritage carried out within the simply reported quarter when it comes to the metrics most generally monitored and projected by Wall Road analysts:
- Dwelling Closing Income – Common gross sales worth – Complete: $418 in comparison with the $408.66 common estimate primarily based on 10 analysts.
- Order Backlog – Complete: 3,033 in comparison with the three,303 common estimate primarily based on 10 analysts.
- Properties closed – Complete: 3,507 in comparison with the three,118 common estimate primarily based on 10 analysts.
- Properties ordered – Complete: 3,991 versus the 10-analyst common estimate of three,880.
- Order Backlog – Common gross sales worth – Complete: $410 in comparison with the $427.69 common estimate primarily based on eight analysts.
- Order Backlog Worth – Complete: $1.24 billion versus $1.44 billion estimated by seven analysts on common.
- Dwelling Orders – Common gross sales worth – Complete: $409 versus $413.46 estimated by seven analysts on common.
- Properties Ordered Worth – Complete: $1.63 billion in comparison with the $1.62 billion common estimate primarily based on six analysts.
- Income- Dwelling closing: $1.47 billion versus the 10-analyst common estimate of $1.27 billion. The reported quantity represents a year-over-year change of +16.2%.
- Income- Monetary Providers: $6.35 million in comparison with the $5.97 million common estimate primarily based on 9 analysts. The reported quantity represents a change of +10.9% yr over yr.
- Income- Complete closing income (Homebuilding): $1.47 billion in comparison with the $1.28 billion common estimate primarily based on 9 analysts. The reported quantity represents a change of +14.8% yr over yr.
- Income- Land closing: $2.31 million versus the eight-analyst common estimate of $9.66 million. The reported quantity represents a year-over-year change of -86.7%.
View all Key Company Metrics for Meritage here>>>
Shares of Meritage have returned -5.2% over the previous month versus the Zacks S&P 500 composite’s -3% change. The inventory presently has a Zacks Rank #3 (Maintain), indicating that it may carry out according to the broader market within the close to time period.
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