Meritage Homes stock falls 3.83 percent as revenue declines

Published on 09/24/2026 at 12:56 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Meritage Homes stock stood at USD 63.86 on September 23, 2026, 25.2 percent below its 52-week high. Adjusted EPS beat consensus in Q2.

MTH, US59001A1025, Illustration mit AI erstellt.

Meritage Homes stock (ISIN US59001A1025) fell 3.83 percent to USD 63.86 on the NYSE on September 23, 2026. The move leaves the stock 25.2 percent below its 52-week high of USD 85.38, while the latest quarterly figures show a split result for investors.

EPS beat revenue expectations

For the quarter ended June 30, 2026, Meritage Homes reported adjusted EPS of USD 1.42, exceeding the USD 1.30 consensus estimate by USD 0.12, according to MarketBeat. The comparison is favorable on earnings, but the revenue side moved in the opposite direction.

Quarterly revenue was USD 1.41 billion, down 14.1 percent from the same quarter a year earlier and below the USD 1.43 billion estimate. The prior-year quarter delivered EPS of USD 2.04, so adjusted earnings fell USD 0.62 even as the latest result beat expectations.

Affordability weighs on demand

The Q2 pattern reflects a housing business balancing cost control against weaker demand. Home-closing revenue fell 14.1 percent year over year to USD 1.388 billion, while the financial-services segment generated USD 7.78 million, according to Zacks. That combination makes the next report important for judging whether margin protection can offset slower home demand.

Meritage Homes also declared a quarterly dividend of USD 0.48, payable September 30, 2026, according to Meritage Homes. The payment provides a defined shareholder return, but it does not remove the pressure shown by the revenue decline.

October 29 sets the next test

Meritage Homes has scheduled its third-quarter 2026 earnings release and conference call for October 29, 2026, at 8:00 a.m. PT, according to Meritage Homes. The key comparison will be whether earnings remain above consensus while revenue and home closings recover from the Q2 decline.

Stock remains below yearly peak

Meritage Homes stock was valued at USD 63.86 on the NYSE on September 23, 2026, with a market capitalization of USD 4,259,615,264. Its 52-week range was USD 58.03 to USD 85.38, placing the price closer to the yearly low than the yearly high.