Meritage Homes Corp.

NYSE:MTH  
116.66
+4.84 (+4.33%)
4:00:00 PM EDT: $116.69 +0.03 (+0.03%)
Earnings Announcements

Meritage Homes Reports Q1 2021 Results

Published: 04/28/2021 20:52 GMT
Meritage Homes Corp. (MTH) - Meritage Homes Reports First Quarter 2021 Results Including an 88% Increase in Diluted Eps, 470 Bps Increase in Home Closing Gross Margin and 25% Increase in Closings Over Prior Year.
Q1 Earnings per Share $3.44.
Qtrly Homes Closed 2,890 Units Versus 2,316 Units.
Qtrly Home Orders 3,458 Units Versus 3,102 Units.
Qtrly Total Closing Revenue $1.08 Billion Versus $901 Million.
Projecting 11,700-12,700 Annual Home Closings and Approximately $4.55-4.85 Billion in Total Home Closing Revenue for 2021.
Expect to Realize Diluted EPS in Range of $13.75-14.75 for 2021.
Q1 Earnings per Share View $2.46, Revenue View $1.05 Billion -- Refinitiv Ibes Data (analyst estimates).
FY2021 Earnings per Share View $11.85, Revenue View $4.63 Billion -- Refinitiv Ibes Data (analyst estimates).
Revenue is expected to be $1.16 Billion
Adjusted EPS is expected to be $3.27

Next Quarter Revenue Guidance is expected to be $1.16 Billion
Next Quarter EPS Guidance is expected to be $3.46

More details on our Analysts Page.