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Meritage Homes Corporation

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Shares of Meritage Homes have outperformed its industry year to date. The outperformance was backed by an impressive earnings surprise history, beating the consensus mark for 10 straight quarters. Meanwhile, earnings estimates have moved 2.4% north for 2018 and 0.3% for 2019 over the past 60 days. Meritage Homes is well poised to gain traction on current positive housing scenario. The momentum is expected to continue through the remaining of 2018, courtesy of an improving economy, modest wage growth, low unemployment levels and positive consumer confidence. Importantly, its strategic shift to a pure-play entry-level and first-move-up builder is expected to yield higher absorptions, given the rising interest rates and home prices.


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