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MTHBullishEarningsnews
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Meritage (MTH) Reports Q2 Earnings: What Key Metrics Have to Say

Jul 24, 2024, 7:36 PM EDT1 sourcesAI-analyzed

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What happened, with direct paths to the underlying reporting

MTH's Q2 revenue reached $1.69 billion, an 8.1% year-over-year increase. EPS at $6.31 exceeded estimates by 22.05%, showing strong profitability. Despite revenue growth, homes ordered fell short of estimates at 3,799. Order backlog decreased to 2,714, below expectations indicating potential future sales challenges. MTH stock returned +20.8% over the last month, outperforming the S&P 500.

  • MTH's Q2 revenue reached $1.69 billion, an 8.1% year-over-year increase.
  • EPS at $6.31 exceeded estimates by 22.05%, showing strong profitability.
  • Despite revenue growth, homes ordered fell short of estimates at 3,799.
  • Order backlog decreased to 2,714, below expectations indicating potential future sales challenges.
  • MTH stock returned +20.8% over the last month, outperforming the S&P 500.

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