MTHNYSEOperative Builders

Meritage Homes Corp (MTH) earnings date, market-implied expected move, and options open interest by expiry

67.15

pre 67.49 +0.61%

Pre-market06:05 ETdelayed

Open68.08Volume1.9MMkt cap$4.3BP/E14.67EPS4.60Div yield2.79%

Day67.49 – 68.080%52-wk56.66 – 84.7539%

MTH

Meritage Homes Corp

OpenVolumeMkt capP/EEPSDiv yield

Day – 52-wk –

Expected move

No implied move.

Expected move

Inputs

Next report

Jan 27

after close · in 84 days

est.Q4 FY26

Calendar

Next report

Last report

+3.98%

vs ±6.6% implied · ×0.60

shaded = implied · ▲▼ = realized

Oct 28 '26 · confirmed

Implied vs realized

Largest filed tie

—

13F top-10 QoQ

+4.56%

shares held · 10 largest managers

13F · Jun 30 '26127d lag

399 managers

Top fund weight

0.17%

MTH weight · IWM

N-PORTJun 30 '26

4 funds

Last reportshaded = implied▲▼ = realized× = |realized| ÷ implied

Meritage Homes (MTH) is expected to report on Jan 27 after close (estimated date).

Implied vs realized

8 reports

—≥ implied

Jan 29 '25Jan 29 '25confirmed—▲+2.79%—

Apr 23 '25Apr 23 '25confirmed—▲+1.04%—

Jul 23 '25Jul 23 '25confirmed—▼−4.99%—

Oct 28 '25Oct 28 '25confirmed—▼−5.57%—

Jan 28 '26Jan 28 '26confirmed—▲+1.13%—

Q1 FY26Apr 22 '26confirmed—▲+1.73%—

Q2 FY26Jul 29 '26confirmed±8.6%▼−1.12%×0.13

Q3 FY26Oct 28 '26confirmed±6.6%▲+3.98%×0.60

quarterimplied−10%0+10%realized×

Q3 FY26±6.6%▲+3.98%×0.60

Q2 FY26±8.6%

Shaded = implied · tick ▲▼ = realized · × = |realized| ÷ impliedSource: options EOD · implied at prior close · realized close to close

Implied vs realized

Positioning

OI · 3 expiries · Oct 30 close

0.95OI · 3 expiries · Oct 30 closeP/C open interest · Mar 19 · first expiry after the report

PUTS · chgexpiry · days · P/CCALLS · chgP/C

934+3%Nov 2016d1.76531+22%1.76

552+1%Dec 1844d0.461,2040%0.46

report · Jan 27 · after close · est.

1440%Mar 19135d1520%

ExpiryPutsCallsP/C

Nov 2016d934+3%531+22%1.76

Dec 1844d552+1%1,2040%0.46

report · Jan 27 · after close · est.

Mar 19135d1440%

Hatched = puts · solid = calls · bars scaled per expiry · chg = OI vs prior sessionSource: options EOD

Positioning

Linked exposure

No implied move.

Linked exposure

Revenue flow

as filedQ3 FY26

5.76%as filednet margin · revenue −16.52% QoQ · −17.34% YoY

Revenue

$1.2B−16.52% QoQ

Gross profit

$207M−20.03% QoQ

17.63% margin

Operating income

$80M−30.71% QoQ

6.79% margin

Pre-tax income

$85M−29.65% QoQ

Net income

$68M−25.21% QoQ

5.76% margin

Cost of revenue

$970M−15.73% QoQ

Operating expenses

$128M−11.49% QoQ

Marketing $82M

SG&A $45M

Tax

$17M−43.10% QoQ

Other income

$5M−6.58% QoQ

Revenue$1.2B−16.52%

Gross profit

$207M−20.03%

17.63% margin

Operating income

$80M−30.71%

6.79% margin

Pre-tax income

$85M−29.65%

Net income

$68M−25.21%

5.76% margin

Cost of revenue

$970M−15.73%

Operating expenses

$128M−11.49%

Marketing $82M

SG&A $45M

Other income$5M−6.58%

Tax$17M−43.10%

flow · deduction · inflow · signed % = QoQSource: SEC filings · standardized · QE Sep 30 '26 · width = $

Revenue flow

Intraday

15m bars

Hatch = extended hours · ▯ up · ▮ downSource: market data · 06:00 ET

Intraday

Event sensitivity

FOMC ×1.34· ±2.5% vs ±1.8% · 24 releases

eventrelease day|move|up · n×base

FOMCrate decision±2.5%8 of 24×1.34

PPIproducer prices±2.1%5 of 11×1.16

NFPjobs report±2.1%5 of 10×1.13

CPIconsumer prices±1.9%3 of 11×1.05

PCEpersonal income & outlays±1.4%8 of 20×0.76

GDPgross domestic product±1.3%10 of 20×0.74

CPROFcorporate profits±1.2%5 of 12×0.66

Bar = avg |move| to ±3% · tick = ±1.8% avg day · ×base = |move| ÷ ±1.8% · min 6 releases

Earnings history

EPS 1.04 · consensus —

Quarter	Reported	EPS	Consensus
Q3 FY26	Oct 28 '26 · confirmed	1.04	—
Q2 FY26	Jul 29 '26 · confirmed	1.37	—
Q1 FY26	Apr 22 '26 · confirmed	0.82	—

Source: filed financials

Methodology

ties · implied moves · holdersMethod