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.
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 $2.35, which is better than the estimate ninety days ago.
Here’s how Meritage Homes has been performing on an annual basis:
|Revenue ($) 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|
Meritage Homes has beat analyst estimates 3 times in the past four quarters. Shareholders could expect a boost if the company beats estimates.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)