Stock Performance Insights
Meritage Homes (MTH) closed at $175.46 in its recent trading session, showcasing a robust +1.64% leap from the day prior. This climb outperformed the S&P 500’s marginal increase of 0.11%, while the Dow and Nasdaq moved by 0.12% and -0.12%, respectively.
In the last month, the homebuilder’s stock surged by an impressive 11.13%, surpassing the Construction sector’s 7.71% gain and the S&P 500’s 3.55% increase.
Earnings Preview and Analyst Projections
Investors eagerly await Meritage Homes’ upcoming earnings release. Projections indicate an EPS of $3.55, reflecting a 0.28% uptick from the same quarter last year. Additionally, the anticipated revenue of $1.28 billion signifies a 0.2% rise from the previous year.
For the full year, Zacks Consensus Estimates predict earnings of $17.72 per share and revenue of $6.09 billion. These forecasts suggest fluctuations of -11.09% and -0.31%, respectively, from the prior year.
Monitoring analyst predictions is crucial, as revisions mirror short-term business trends. Positive adjustments signal confidence in the company’s performance and financial health.
Zacks Rank and Stock Outlook
Zacks Research emphasizes that estimate alterations directly impact future stock prices. The Zacks Rank, ranging from #1 (Strong Buy) to #5 (Strong Sell), incorporates these changes, offering a reliable rating system. One-month data reveals Meritage Homes holding a Zacks Rank of #4 (Sell).
Valuation-wise, Meritage Homes boasts a Forward P/E ratio of 9.74, indicating a discount compared to the industry average of 10.03. Positioned within the Construction sector, the Building Products – Home Builders industry ranks in the top 17%, with an Industry Rank of 41 among 250+ industries.
Industry Performance Overview
The prowess of industry groups is gauged by the Zacks Industry Rank, derived from individual stock performance within sectors. According to Zacks, top-ranked industries outpace lower performers by a substantial margin of 2 to 1.
It is advised to track these critical metrics on Zacks.com to stay abreast of potential market movements in the days ahead.
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