Meritage Homes reports first quarter 2020 diluted EPS of $1.83
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Meritage Homes Corporation (MTH) Tops Q1 EPS by 55c, Revenues Beat
April 28, 2020 4:35 PM EDTMeritage Homes Corporation (NYSE: MTH) reported Q1 EPS of $1.83, $0.55 better than the analyst estimate of $1.28. Revenue for the quarter came in at $890.42 million versus the consensus estimate of $799.94 million.
FIRST QUARTER RESULTS
Total orders for the first quarter of 2020 increased 23% year-over-year, driven by a 35% year-over-year increase in absorptions. Order trends during the quarter, compared to a year ago, were up 38% in January and 51% in February, but down 8% in March.Absorptions were up 41% in the West and Central regions, and 20% in the East region, primarily due to strong demand for our entry-level homes.... More