As the Q4 earnings season wraps, let’s dig into this quarter’s best and worst performers in the home builders industry, including Meritage Homes (NYSE:MTH) and its peers.
As the craze of earnings season draws to a close, here’s a look back at some of the most exciting (and some less so) results from Q4. Today, we are looking at home builders stocks, starting with KB Home (NYSE:KBH).
Meritage Homes’s stock price has taken a beating over the past six months, shedding 22.2% of its value and falling to $74.61 per share. This may have investors wondering how to approach the situation.
Homebuilder Meritage Homes (NYSE:MTH) announced better-than-expected revenue in Q4 CY2024, but sales fell by 2.8% year on year to $1.61 billion. On the other hand, the company’s full-year revenue guidance of $6.75 billion at the midpoint came in 1.7% below analysts’ estimates. Its non-GAAP profit of $4.72 per share was significantly above analysts’ consensus estimates.
Consider MERITAGE HOMES CORP as a top value stock. NYSE:MTH shines in terms of profitability, solvency, and liquidity, all while remaining very reasonably priced.
Since June 2024, Meritage Homes has been in a holding pattern, posting a small return of 4.1% while floating around $177.01. The stock also fell short of the S&P 500’s 12.1% gain during that period.
Homebuilder stocks have rallied for much of the last year but recently dipped; is this an opportunity to buy or a correction of investor overzealousness?
Homebuilder Meritage Homes (NYSE:MTH) met Wall Street’s revenue expectations in Q3 CY2024, but sales fell 1.9% year on year to $1.59 billion. On the other hand, next quarter’s revenue guidance of $1.55 million was less impressive, coming in 99.9% below analysts’ estimates. Its non-GAAP profit of $5.34 per share was 7.2% above analysts’ consensus estimates.
