According to Seeking Alpha, what’s really driving the stock right now is its forecast for FY13. The homebuilder’s EPS forecast, based on a 40% increase in closings revenue the rest of the year, puts the midpoint of its profit estimate more than 15% above consensus views – which were already double that from 2012. It now expects to earn between $2.20 – 2.45, versus Street estimates of $2.04.
Real Estate
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0 minute readMeritage Homes continues to improve on stock market
April 24, 2013, 12:35pm
Articles written by HousingWire Staff are non-bylined, and typically involve press release coverage and aggregation of coverage appearing elsewhere. So who put all these together? Our entire staff does!see full bio
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