Meritage Homes Corporation is expected to report Q3 2026 consensus revenue of $1.30 billion and EPS of $1.18, with the stock currently trading at $64.19 against an average analyst price target of $73.56.
The single most critical metric for investors this quarter is the home closing gross margin, which analysts expect to stabilize around 18.0% as the company navigates a challenging affordability environment.
Elevated mortgage rates have forced Meritage to maintain aggressive sales incentives and mortgage rate buy-downs, which continue to pressure profit margins despite resilient demand for entry-level housing. Investors are also watching for the company's ability to meet its quarterly closing guidance of 3,300 to 3,600 units while successfully managing rising land costs.