Is MTH's Q3 2024 EPS trend a concern?

**Meritage Homes' Q3 2024 EPS trend is not a concern.** Here's why: 1. **Actual EPS vs. Estimates**: Meritage Homes reported a Q3 2024 EPS of $5.34, which is higher than the analyst's estimate of $4.83. This indicates that the company performed better than expected during the quarter. |code|Ticker|Name|Date|Diluted EPS YoY|Diluted EPS|market_code| |---|---|---|---|---|---|---| |MTH|MTH.N|Meritage Homes|2024 Q1|42.93785310734462|5.06|169| |MTH|MTH.N|Meritage Homes|2024 Q2|25.69721115537849|6.31|169| |MTH|MTH.N|Meritage Homes|2024 Q3|-10.702341137123755|5.34|169| 2. **Consistent Growth Pattern**: The company has shown a consistent growth pattern with an 18% increase in home closings year-over-year and a 26% rise in diluted EPS. This suggests a strong financial performance and stability. 3. **Strategic Focus**: Meritage Homes' focus on delivering quick-turn, move-in ready homes has been successful, resulting in higher absorption rates and improved financial performance. This strategic approach seems to be paying off, contributing to the company's growth and profitability. 4. **Market Position**: The company's market position, with a focus on affordable homes and a strong order backlog, positions it well for continued growth. This indicates a positive outlook for the company's future earnings potential. In conclusion, Meritage Homes' Q3 2024 EPS trend reflects a strong and stable financial performance, and the company's strategic focus and market position are indicative of a positive future outlook.