For the quarter ended December 2024, Meritage Properties (MTH) reported income of $1.61 billion, down 2.4% over the identical interval final 12 months. EPS got here in at $4.72, in comparison with $2.69 within the year-ago quarter.
The reported income represents a shock of +2.80% over the Zacks Consensus Estimate of $1.57 billion. With the consensus EPS estimate being $2.21, the EPS shock was +113.57%.
Whereas buyers scrutinize income and earnings adjustments year-over-year and the way they evaluate with Wall Road expectations to find out their subsequent transfer, some key metrics all the time supply a extra correct image of an organization’s monetary well being.
Since these metrics play a vital function in driving the top- and bottom-line numbers, evaluating them with the year-ago numbers and what analysts estimated about them helps buyers higher challenge a inventory’s worth efficiency.
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:
- Residence Closing Income – Common gross sales worth – Whole: $395 versus the 10-analyst common estimate of $402.77.
- Properties closed – Whole: 4,044 in comparison with the three,885 common estimate based mostly on 10 analysts.
- Properties ordered – Whole: 3,304 versus the 10-analyst common estimate of three,352.
- Order Backlog – Whole: 1,544 versus 1,759 estimated by 9 analysts on common.
- Energetic Communities – Ending – Whole: 292 versus the eight-analyst common estimate of 303.
- Order Backlog – Common gross sales worth – Whole: $408 versus $406 estimated by eight analysts on common.
- Order Backlog Worth – Whole: $629.55 million versus the seven-analyst common estimate of $708.57 million.
- Properties Ordered Worth – Whole: $1.32 billion versus $1.35 billion estimated by six analysts on common.
- Income- Whole closing income (Homebuilding): $1.61 billion versus the 11-analyst common estimate of $1.57 billion. The reported quantity represents a year-over-year change of -2.4%.
- Income- Residence closing: $1.60 billion versus the 11-analyst common estimate of $1.56 billion. The reported quantity represents a year-over-year change of -2.8%.
- Income- Land closing: $17.36 million in comparison with the $6.15 million common estimate based mostly on 10 analysts. The reported quantity represents a change of +48.6% 12 months over 12 months.
- Income- Monetary Providers: $8.43 million versus the 10-analyst common estimate of $7.43 million. The reported quantity represents a year-over-year change of +17.1%.
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 +1.7% change. The inventory at the moment has a Zacks Rank #4 (Promote), indicating that it may underperform the broader market within the close to time period.
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Meritage Homes Corporation (MTH) : Free Stock Analysis Report
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