05:53 PM EDT, 10/28/2025 (MT Newswires) -- Meritage Homes ( MTH ) reported Q3 adjusted earnings late Tuesday of $1.55 per diluted share, down from $2.69 a year earlier.

Analysts polled by FactSet expected $1.63.

Home closing revenue for the quarter ended Sept. 30 was $1.40 billion, down from $1.59 billion a year earlier.

Analysts surveyed by FactSet expected $1.47 billion.

For Q4, the company expects EPS of $1.51 to $1.70 and home closing revenue between $1.46 billion and $1.54 billion. Analysts expect $1.77 and $1.58 billion, respectively.

Shares of Meritage Homes ( MTH ) were down 5.7% in after-hours activity.