Meritage Homes (MTH) reported $1.17 billion in revenue for the quarter ended September 2026, representing a year-over-year decline of 17.5%. EPS of $1.11 for the same period compares to $1.39 a year ago.
The reported revenue represents a surprise of -10.81% over the Zacks Consensus Estimate of $1.31 billion. With the consensus EPS estimate being $1.18, the EPS surprise was -5.93%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Meritage performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Home Closing Revenue - Average sales price - Total: $365.00 compared to the $376.65 average estimate based on 10 analysts. Homes ordered - Total: 3,083 versus the 10-analyst average estimate of 3,472. Homes closed - Total: 3,187 versus the nine-analyst average estimate of 3,454. Active Communities - Ending - Total: 348 versus 348 estimated by eight analysts on average. Order Backlog - Total: 1,611 compared to the 1,736 average estimate based on eight analysts. Order Backlog - Average sales price - Total: $396.00 versus the six-analyst average estimate of $385.82. Home Orders - Average sales price - Total: $383.00 versus $380.49 estimated by six analysts on average. Homes Ordered Value - Total: $1.18 billion versus the six-analyst average estimate of $1.33 billion. Revenue- Home closing: $1.16 billion compared to the $1.3 billion average estimate based on 10 analysts. The reported number represents a change of -16.9% year over year. Revenue- Land closing: $6.08 million versus $9.62 million estimated by 10 analysts on average. Compared to the year-ago quarter, this number represents a -62.2% change. Revenue- Total closing revenue (Homebuilding): $1.17 billion compared to the $1.31 billion average estimate based on 10 analysts. The reported number represents a change of -17.5% year over year. Revenue- Financial Services: $7.5 million versus $7.8 million estimated by nine analysts on average. Compared to the year-ago quarter, this number represents a -11.4% change.View all Key Company Metrics for Meritage here>>>
Shares of Meritage have returned +0.1% over the past month versus the Zacks S&P 500 composite's -0.2% change. The stock currently has a Zacks Rank #5 (Strong Sell), indicating that it could underperform the broader market in the near term.Zacks' Research Chief Names "Stock Most Likely to Double"
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