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For the quarter ended June 2026, Meritage Homes (MTH - Free Report) reported revenue of $1.4 billion, down 13.8% over the same period last year. EPS came in at $1.42, compared to $2.04 in the year-ago quarter.

The reported revenue compares to the Zacks Consensus Estimate of $1.43 billion, representing a surprise of -1.78%. The company delivered an EPS surprise of +9.23%, with the consensus EPS estimate being $1.30.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

Here is how Meritage performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

Home Closing Revenue - Average sales price - Total: $373.00 versus the nine-analyst average estimate of $377.59.Homes ordered - Total: 3,575 compared to the 3,774 average estimate based on nine analysts.Order Backlog - Total: 1,715 compared to the 1,856 average estimate based on eight analysts.Homes closed - Total: 3,725 compared to the 3,750 average estimate based on eight analysts.Active Communities - Ending - Total: 340 compared to the 351 average estimate based on six analysts.Home Orders - Average sales price - Total: $385.00 versus $379.23 estimated by six analysts on average.Homes Ordered Value - Total: $1.38 billion versus the six-analyst average estimate of $1.43 billion.Order Backlog Value - Total: $661.91 million versus the five-analyst average estimate of $725.24 million.Revenue- Total closing revenue (Homebuilding): $1.4 billion compared to the $1.43 billion average estimate based on nine analysts. The reported number represents a change of -13.8% year over year.Revenue- Home closing: $1.39 billion versus $1.42 billion estimated by nine analysts on average. Compared to the year-ago quarter, this number represents a -14.1% change.Revenue- Land closing: $12.72 million versus the nine-analyst average estimate of $8.5 million. The reported number represents a year-over-year change of +53.7%.Revenue- Financial Services: $7.78 million versus the eight-analyst average estimate of $8.69 million. The reported number represents a year-over-year change of -17.4%.View all Key Company Metrics for Meritage here>>>

Shares of Meritage have returned -12.7% over the past month versus the Zacks S&P 500 composite's +1.9% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.