Meritage Homes Corp: (NYSE: MTH)

$51.85

0.14 (0.27%)

Volume 756,763

May 14 04:02 PM ET

Zacks Rank: 1-Strong Buy

Zacks Rank	Definition	Annualized Return
#1	Strong Buy	26.27%
#2	Buy	18.43%
#3	Hold	9.86%
#4	Sell	4.09%
#5	Strong Sell	1.87%
S&P	500	9.59%

Detailed Estimates

Current Quarter Estimate	0.45
Next Quarter Estimate	0.67
Current Year Estimate	2.30
Next Year Estimate	3.67
Expected Earnings Growth	7.67%
Expected Sales Growth	-9.02%
Next Earnings Report Date	07-25-2013
EPS Last Quarter	0.25
Last Quarter EPS Surprise	32.00%
EPS (Trailing 12 Mos.)	1.65
PE (Forward)	22.45
ABR	2.27

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		Zacks Rank  Short-Term: 1-3 Months
                                                                
                                                                Zacks #1 Rank Strong Buys
                                                                
                                                            This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. How good is it? See rankings and related performance below. 

                                                                        Zacks Rank
                                                                        Definition
                                                                        Annualized Return
                                                                    
                                                                        #1
                                                                        Strong Buy
                                                                        26.27%
                                                                    
                                                                        #2
                                                                        Buy
                                                                        18.43%
                                                                    
                                                                        #3
                                                                        Hold
                                                                        9.86%
                                                                    
                                                                        #4
                                                                        Sell
                                                                        4.09%
                                                                    
                                                                        #5
                                                                        Strong Sell
                                                                        1.87%
                                                                    
                                                                        S&P
                                                                        500
                                                                        9.59%
                                                                    
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		1
Strong Buy

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		Top Peers
		Symbol
		Zacks Rank
	
		MERITAGE HOMES
		MTH
		
		D R HORTON INC
		DHI
		
		RYLAND GRP INC
		RYL
		
		BEAZER HOMES
		BZH
		
		KB HOME
		KBH
		
		MDC HLDGS
		MDC
		
		STANDARD PAC
		SPF
		
		TRI POINTE HOME
		TPH
		
		GAFISA SA-ADR
		GFA
		
		HOVNANIAN ENTRP
		HOV
		
                                  See all BLDG-RSDNT/COMR Peers
                                
Turn Earnings Surprises into quick profits.

Top Peers	Symbol	Zacks Rank
MERITAGE HOMES	MTH
D R HORTON INC	DHI
RYLAND GRP INC	RYL
BEAZER HOMES	BZH
KB HOME	KBH
MDC HLDGS	MDC
STANDARD PAC	SPF
TRI POINTE HOME	TPH
GAFISA SA-ADR	GFA
HOVNANIAN ENTRP	HOV

            Earnings Growth Estimates
         
		MTH
		IND
		S&P
	
		Current Qtr (06/2013)
		73.93
		NA
		NA
	
		Next Qtr (09/2013)
		55.81
		NA
		NA
	
		Current Year (12/2012)
		77.10
		35.80
		11.40
	
		Next Year (12/2013)
		59.60
		30.50
		6.50
	
		Past 5 Years
		NA
		-2.70
		5.70
	
		Next 5 Years
		7.70
		10.20
		NA
	
		PE
		22.50
		27.70
		15.20
	
		PEG Ratio
		2.93
		2.72
		NA
	
            Detailed Earnings Estimates
         
		Current Qtr 
 (06/2013)
		Next Qtr 
 (09/2013)
		Current Year 
 (12/2013)
		Next Year 
 (12/2014)
	
		Zacks Consensus Estimate
		0.45
		0.67
		2.30
		3.67
	
		# of Estimates
		9
		9
		7
		9
	
		Most Recent Consensus
		0.47
		0.74
		2.42
		4.07
	
		High Estimate
		0.50
		0.76
		2.42
		4.93
	
		Low Estimate
		0.39
		0.54
		2.11
		3.15
	
		Year ago EPS
		0.26
		0.43
		1.30
		2.30
	
		Year over Year Growth Est.
		73.93%
		55.81%
		77.14%
		59.56%
	
            Agreement - Estimate Revisions
       
		Current Qtr 
(06/2013)
		Next Qtr  
(09/2013)
		Current Year 
 (12/2013)
		Next Year 
   (12/2014)
	
		Up Last 7 Days
		0
		0
		0
		0
	
		Up Last 30 Days
		6
		5
		7
		6
	
		Up Last 60 Days
		6
		5
		7
		6
	
		Down Last 7 Days
		0
		0
		0
		0
	
		Down Last 30 Days
		0
		2
		0
		0
	
		Down Last 60 Days
		0
		2
		0
		0
	
            Magnitude - Consensus Estimate Trend
       
		Current Qtr 
 (06/2013)
		Next Qtr 
 (09/2013)
		Current Year 
 (12/2013)
		Next Year 
 (12/2014)
	
		Current
		0.45
		0.67
		2.30
		3.67
	
		7 Days Ago
		0.46
		0.68
		2.31
		3.67
	
		30 Days Ago
		0.41
		0.59
		1.95
		3.09
	
		60 Days Ago
		0.43
		0.63
		2.04
		3.11
	
		90 Days Ago
		0.43
		0.64
		2.05
		3.22
	
            Upside - Most Accurate Estimate versus Zacks Consensus
         
		Current Qtr 
 (06/2013)
		Next Qtr 
 (09/2013)
		Current Year 
 (12/2013)
		Next Year 
 (12/2014)
	
		Most Accurate Estimate
		0.45
		0.69
		2.30
		3.74
	
		Zacks Consensus Estimate
		0.45
		0.67
		2.30
		3.67
	
		Earnings ESP 
		0.00%
		2.99%
		0.00%
		1.91%
	
Earnings ESP (Expected Surprise Prediction) is Zacks' proprietary methodology for determining which stocks have the best chance to surprise with their next earnings announcement. The Earnings ESP shows the percentage difference between the Most Accurate Estimate and the Consensus. This % difference = the expected surprise prediction.

            Surprise - Reported Earnings History
         
		Quarter Ending 
 (03/2013)
		Quarter Ending 
 (12/2012)
		Quarter Ending 
 (09/2012)
		Quarter Ending 
 (06/2012)
		Average Surprise
	
		Reported
		0.33
		0.63
		0.43
		0.26
		NA
	
		Estimate
		0.25
		0.42
		0.33
		0.10
		NA
	
		Difference
		0.08
		0.21
		0.10
		0.16
		0.14
	
		Surprise
		32.00%
		50.00%
		30.30%
		160.00%
		68.08%
	
        Earnings Transcript for MTH from 11/15/2012
        
                                Quarterly Estimates by Analyst
                            
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                                Annual Estimates by Analyst
                            
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Meritage Homes Corp: (NYSE: MTH)

$51.85

0.14 (0.27%)

Volume 756,763

May 14 04:02 PM ET

Premium research

Zacks Rank Short-Term: 1-3 Months

Zacks #1 Rank Strong Buys

Zacks Recommendation Long-Term: 6+ Months

All Outperform Rated Stocks

Zacks Industry Rank

Equity Research Report

Premium research: Industry Analysis

See all BLDG-RSDNT/COMR Peers

Earnings Growth Estimates

Detailed Earnings Estimates

Agreement - Estimate Revisions

Magnitude - Consensus Estimate Trend

Upside - Most Accurate Estimate versus Zacks Consensus

Surprise - Reported Earnings History

Quarterly Estimates by Analyst

Annual Estimates by Analyst

	MTH	IND	S&P
Current Qtr (06/2013)	73.93	NA	NA
Next Qtr (09/2013)	55.81	NA	NA
Current Year (12/2012)	77.10	35.80	11.40
Next Year (12/2013)	59.60	30.50	6.50
Past 5 Years	NA	-2.70	5.70
Next 5 Years	7.70	10.20	NA
PE	22.50	27.70	15.20
PEG Ratio	2.93	2.72	NA

	Current Qtr (06/2013)	Next Qtr (09/2013)	Current Year (12/2013)	Next Year (12/2014)
Zacks Consensus Estimate	0.45	0.67	2.30	3.67
# of Estimates	9	9	7	9
Most Recent Consensus	0.47	0.74	2.42	4.07
High Estimate	0.50	0.76	2.42	4.93
Low Estimate	0.39	0.54	2.11	3.15
Year ago EPS	0.26	0.43	1.30	2.30
Year over Year Growth Est.	73.93%	55.81%	77.14%	59.56%

	Current Qtr (06/2013)	Next Qtr (09/2013)	Current Year (12/2013)	Next Year (12/2014)
Up Last 7 Days	0	0	0	0
Up Last 30 Days	6	5	7	6
Up Last 60 Days	6	5	7	6
Down Last 7 Days	0	0	0	0
Down Last 30 Days	0	2	0	0
Down Last 60 Days	0	2	0	0

	Current Qtr (06/2013)	Next Qtr (09/2013)	Current Year (12/2013)	Next Year (12/2014)
Current	0.45	0.67	2.30	3.67
7 Days Ago	0.46	0.68	2.31	3.67
30 Days Ago	0.41	0.59	1.95	3.09
60 Days Ago	0.43	0.63	2.04	3.11
90 Days Ago	0.43	0.64	2.05	3.22

	Current Qtr (06/2013)	Next Qtr (09/2013)	Current Year (12/2013)	Next Year (12/2014)
Most Accurate Estimate	0.45	0.69	2.30	3.74
Zacks Consensus Estimate	0.45	0.67	2.30	3.67
Earnings ESP	0.00%	2.99%	0.00%	1.91%

	Quarter Ending (03/2013)	Quarter Ending (12/2012)	Quarter Ending (09/2012)	Quarter Ending (06/2012)	Average Surprise
Reported	0.33	0.63	0.43	0.26	NA
Estimate	0.25	0.42	0.33	0.10	NA
Difference	0.08	0.21	0.10	0.16	0.14
Surprise	32.00%	50.00%	30.30%	160.00%	68.08%