Meritage Homes: Here’s What Investors Need to Know Before Earnings

Meritage Homes (NYSE:MTH) will report earnings before markets open on Wednesday, July 24th. Meritage Homes Corporation designs, builds, and sells single-family homes ranging from entry level to semi-custom luxury. The Company operates in the South and West of the United States.

Here is your Cheat Sheet to Meritage Homes Earnings:

Earnings Expectations: Analysts expect earnings of $0.46 per share on revenues of $414.34 million. Currently, the company’s P/E ratio stands at 13.80.

Analyst Trends:

Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $0.59 to a profit $0.68. For the current year, the average estimate is a profit of $2.35, which is better than the estimate ninety days ago.

Earnings Trends:

Here’s how Meritage Homes has been performing on an annual basis:

Fiscal Year 2008 2009 2010 2011 2012
Revenue ($) in millions 1,523 970 942 861 1,194
Diluted EPS ($) -9.95 -2.12 0.22 -0.65 3.00

Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:

Quarter Jun. 30, 2012 Sep. 30, 2012 Dec. 31, 2012 Mar. 31, 2013
Revenue ($) in millions 282.10 342.64 364.59 337.28
Diluted EPS ($) 0.24 0.19 2.49 0.32

Past Performance:
Meritage Homes has beat analyst estimates 3 times in the past four quarters. Shareholders could expect a boost if the company beats estimates.

“E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our successful CHEAT SHEET investing framework. Don’t waste another minute – click here to discover our CHEAT SHEET stock picks now!

(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)

More Articles About:   , , , ,  

More from The Cheat Sheet