2024-05-07 09:21:30 ET
Summary
- Meritage Homes Corporation reported strong 1Q24 earnings, with revenue and EBIT growth exceeding expectations.
- The company raised its FY24 guidance, expecting growth in closings, homebuilding revenue, and gross margin.
- MTH is benefiting from strong demand and is able to maintain pricing, indicating a healthy consumer base and resilience to mortgage rate increases.
Investment overview
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Meritage Homes Corporation: Reiterate Buy Rating On Strong Demand Profile