What to Expect From Meritage Homes’ Upcoming Q4 Results?
<p>Wedbush analysts raised their price target on <a href='https://financialmodelingprep.com/financial-summary/MTH'>Meritage Homes Corporation (NYSE:MTH)</a> to $122 from $90 ahead of the upcoming Q4 results announcement.</p>
<p>According to the analysts, the recent drift lower in mortgage rates along with the unceasing need for more affordable homes should be tailwinds for the company ahead of the spring selling season. </p>
<p>The analysts believe the company's focus on entry-level and first move up customers using a spec home strategy matches well with current demand trends.</p>
<p>For Q4, the analysts expect EPS of $6.95, compared to the Street estimate of $7.09. On the top line, the analysts expect $2.0 billion in total sales, up 33% year-over-year, which is in line with the Street estimate. The analysts expect the average closing price to grow 3% year-over-year to $438,000, compared to the Street estimate of $454,000.</p>

NYSE:MTH