Back to top

Image: Bigstock

Is Meritage Homes (MTH) a Great Growth Stock?

Read MoreHide Full Article

Growth stocks can be some of the most exciting picks in the market, as these high-flyers can captivate investors’ attention, and produce big gains as well. However, they can also lead on the downside when the growth story is over, so it is important to find companies which are still seeing strong growth prospects in their businesses.

One such company that might be well-positioned for future earnings growth is Meritage Homes Corporation (MTH - Free Report) . This firm, which is in the Building Products - Home Builders industry, saw EPS growth of 15.1% last year, and is looking great for this year too.

In fact, the current growth estimate for this year calls for earnings-per-share growth of 42.8%. Furthermore, the long-term growth rate is currently an impressive 18.5%, suggesting pretty good prospects for the long haul.

And if this wasn’t enough, the stock has actually seen estimates rise over the past month for the current fiscal year by about 50.6%. Thanks to this rise in earnings estimates, MTH has a Zacks Rank #1 (Strong Buy) which further underscores the potential for outperformance in this company. You can see the complete list of today’s Zacks #1 Rank stocks here.

So if you are looking for a fast growing stock that is still seeing plenty of opportunities on the horizon, make sure to consider MTH. Not only does it have double-digit earnings growth prospects, but its impressive Zacks Rank suggests that analysts believe better days are ahead for MTH as well.

Today's Best Stocks from Zacks

Would you like to see the updated picks from our best market-beating strategies? From 2017 through Q2 2020, while the S&P 500 gained an impressive +44.0%, five of our strategies returned +50.9%, +93.8%, +122.2%, +153.0%, and even +156.8%.

This outperformance has not just been a recent phenomenon. From 2000 – Q2 2020, while the S&P averaged +5.5% per year, our top strategies averaged up to +51.7% per year.

See their latest picks free >>
 


See More Zacks Research for These Tickers


Normally $25 each - click below to receive one report FREE:


Meritage Homes Corporation (MTH) - free report >>

Published in