Meritage Homes (MTH) Crumbles: Stock Falls by 5.2% - Tale of the Tape
Meritage Homes Corporation (MTH) saw a big move last session, as the company’s shares fell by over 5% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This reverses the recent trend for MTH as the stock is now up by over 2% in the past one-month time frame.
The company has seen a flat track record when it comes to current year estimate revisions over the past few weeks (0 increases, 0 decreases), and the consensus for earnings hasn’t been in a trend either. This recent price action is discouraging, so make sure to keep a close watch on this firm in the near future, and especially on earnings estimates following the recent slump.
MTH currently has a Zacks Rank #4 (Sell) while its Earnings ESP is 0.00%.
Investors interested in the Building-Resident/Commercial industry may consider a better-ranked stock like DR Horton Inc. (DHI), which carries a Zacks Rank #2 (Buy).
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MERITAGE HOMES (MTH): Free Stock Analysis Report
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