Meritage Homes reports Q1 EPS 82c, consensus 98c

Reports Q1 revenue $1.117B, consensus $1.17B. “With the spring selling season commencing this quarter, we experienced some improved demand, achieving an absorption rate of 3.6 net sales per month and sales orders of 3,664 homes. However, these results were below our expectations as 2026 began with a severe winter storm in January and then transitioned into military operations in Iran midway through the quarter, which negatively impacted consumer sentiment and mortgage rates,” said Steven Hilton, executive chairman of Meritage Homes (MTH). “In this environment, we acknowledge that capturing demand requires higher than anticipated incentive utilization, even as we look to optimize every asset while balancing pace and margin.”