Meritage Homes (NYSE:MTH) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$1.60b (down 1.4% from 3Q 2023).

• Net income: US$196.0m (down 12% from 3Q 2023).

• Profit margin: 12% (down from 14% in 3Q 2023).

• EPS: US$5.41 (down from US$6.06 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Meritage Homes EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 7.4%.

Looking ahead, revenue is forecast to grow 3.1% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Consumer Durables industry in the US.

Performance of the American Consumer Durables industry.

The company's shares are down 3.2% from a week ago.

Risk Analysis

You should learn about the 4 warning signs we've spotted with Meritage Homes (including 2 which don't sit too well with us).

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