Real Estate

Meritage Homes continues to improve on stock market

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.

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3d rendering of a row of luxury townhouses along a street

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