Post-earnings recap
Reported
Wed, Jul 25, 2018
Est. EPS
—
Est. revenue
—
Implied move
—
EPS beat rate
63%
—
Est. EPS
—
Est. Rev
—
Impl. Move
—
Meritage Homes Corp reported better-than-expected earnings per share, but the stock fell by 4.08% following the announcement. The decline may be attributed to the lack of revenue details and management's acknowledgment of rising material costs. Investors might be concerned about the potential impact of these costs on future profitability.
| Metric | Actual | Expected | Surprise |
|---|---|---|---|
| EPS | $1.31 | N/A | +13.09% |
| Revenue | N/A | N/A | N/A |
Overall, management expressed cautious optimism about the housing market while acknowledging cost pressures. They emphasized a focus on operational efficiency.
Management highlighted strong demand in the housing market.
They noted challenges with rising material costs impacting margins.
Future projects are expected to focus on efficiency and cost management.