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Company Performance - M/I Homes (MHO) closed at $156.48, reflecting a -1.04% change from the previous day, underperforming the S&P 500 which gained 0.82% [1] - Over the past month, M/I Homes shares increased by 1.37%, outperforming the Construction sector's decline of 3.3% and the S&P 500's gain of 0.8% [1] Upcoming Financial Results - M/I Homes is set to announce its earnings on January 29, 2025, with analysts expecting earnings of $4.83 per share, indicating a year-over-year growth of 31.97% [2] - The consensus estimate for revenue is $1.17 billion, representing a 20.12% increase compared to the same quarter last year [2] Full Year Projections - For the full year, Zacks Consensus Estimates project earnings of $19.83 per share and revenue of $4.47 billion, reflecting year-over-year changes of +22.33% and +10.77% respectively [3] - Recent analyst estimate revisions suggest optimism regarding M/I Homes' business and profitability [3] Analyst Ratings and Valuation - M/I Homes currently holds a Zacks Rank of 3 (Hold), with the Zacks Consensus EPS estimate decreasing by 0.67% over the past month [5] - The company is trading at a Forward P/E ratio of 7.98, which is lower than the industry average Forward P/E of 9.15 [5] Industry Context - M/I Homes operates within the Building Products - Home Builders industry, which is part of the Construction sector and holds a Zacks Industry Rank of 148, placing it in the bottom 42% of over 250 industries [6] - The Zacks Industry Rank indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [6]

In the latest trading session, M/I Homes (MHO) closed at $159.81, marking a -1.47% move from the previous day. This change lagged the S&P 500's daily loss of 0.19%. Meanwhile, the Dow lost 0.55%, and the Nasdaq, a tech-heavy index, lost 0.18%.The homebuilder's stock has climbed by 0.79% in the past month, falling short of the Construction sector's gain of 6.66% and the S&P 500's gain of 6.66%.Analysts and investors alike will be keeping a close eye on the performance of M/I Homes in its upcoming earnings di ...

Group 1 - M/I Homes (NYSE: MHO) stock has experienced significant gains recently due to a resurgence in the U.S. homebuilding sector, driven by recent interest rate cuts [1] - The performance of real estate stocks, including M/I Homes, has been notably strong, indicating a positive trend in the market [1] Group 2 - The article highlights the expertise of the financial journalist Muslim Farooque, who has over five years of experience in covering stock and cryptocurrency markets [1]

M/I Homes (MHO) came out with quarterly earnings of $5.10 per share, beating the Zacks Consensus Estimate of $4.94 per share. This compares to earnings of $4.82 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of 3.24%. A quarter ago, it was expected that this homebuilder would post earnings of $4.60 per share when it actually produced earnings of $5.12, delivering a surprise of 11.30%. Over the last four quarters, the company has ...

Exhibit 99.1 M/I Homes Reports 2024 Third Quarter Results Columbus, Ohio (October 30, 2024) - M/I Homes, Inc. (NYSE:MHO) announced results for the three and nine months ended September 30, 2024. 2024 Third Quarter Highlights: • Record third quarter homes delivered, revenue, and income • Homes delivered increased 8% to 2,271 • Revenue increased 9% to $1.1 billion • Pre-tax income increased 6% to $188.7 million, 16.5% of revenue • Net income increased 5% to $145.4 million ($5.10 per diluted share) • Sharehold ...

COLUMBUS, Ohio, Oct. 30, 2024 /PRNewswire/ -- M/I Homes, Inc. (NYSE: MHO) announced results for the three and nine months ended September 30, 2024. 2024 Third Quarter Highlights: Record third quarter homes delivered, revenue, and income Homes delivered increased 8% to 2,271 Revenue increased 9% to $1.1 billion Pre-tax income increased 6% to $188.7 million, 16.5% of revenue Net income increased 5% to $145.4 million ($5.10 per diluted share) Shareholders' equity reached an all-time record $2.8 billion, a 17% ...

In its upcoming report, M/I Homes (MHO) is predicted by Wall Street analysts to post quarterly earnings of $4.94 per share, reflecting an increase of 2.5% compared to the same period last year. Revenues are forecasted to be $1.13 billion, representing a year-over-year increase of 7.7%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe. Prior to a company ...

In the latest market close, M/I Homes (MHO) reached $171.82, with a -1.77% movement compared to the previous day. This change lagged the S&P 500's 0.02% loss on the day. On the other hand, the Dow registered a gain of 0.38%, and the technology-centric Nasdaq increased by 0.04%. Coming into today, shares of the homebuilder had gained 4.6% in the past month. In that same time, the Construction sector lost 3.19%, while the S&P 500 gained 3.77%. The investment community will be closely monitoring the performanc ...

Core Viewpoint - M/I Homes, Inc. (MHO) has experienced a significant stock rally, gaining 36.8% over the past three months, outperforming both the Zacks Building Products - Home Builders industry and the broader S&P 500 Index [1][2][4] Performance Summary - MHO's stock performance of 36.8% exceeds the Zacks Building Products - Home Builders industry's 29.4% rise, the Construction sector's 18.9%, and the S&P 500 Index's 1.4% [1][3] - The stock is currently trading above its 50-day and 200-day moving averages, indicating strong investor confidence [4] Demand and Market Position - M/I Homes has successfully met sustained demand despite economic challenges, particularly among millennials and Gen Z buyers [2][6] - The company serves a broad segment of the housing market, including first-time, move-up, luxury, and empty-nester buyers, with a focus on affordability [6][7] - M/I Homes has a diverse geographic presence in high-demand markets such as Texas, Florida, and North Carolina, allowing it to capitalize on regional growth trends [6] Financial Health and Growth Strategy - The company has a robust land acquisition strategy, controlling 23,000 owned lots and 49,000 controlled lots, providing a solid foundation for future growth [8] - M/I Homes ended the second quarter with $837 million in cash and no borrowings under its revolving credit facility, indicating a strong balance sheet [8] - Shareholder equity rose 19% to $2.7 billion in the second quarter, reflecting prudent capital management [10] Challenges and Cost Management - Rising labor and material costs pose challenges for the homebuilding industry, including M/I Homes [11] - The company has seen increased land acquisition costs, with land purchases rising from $96 million to $119 million and development spending increasing to $144.5 million from $108.9 million year-over-year [14] - M/I Homes is offering below-market financing incentives to maintain sales momentum, which may pressure margins [13] Valuation and Earnings Outlook - MHO stock is currently undervalued compared to its industry peers, with a Value Score of A [15] - The trailing 12-month return on equity for MHO is 20.5%, surpassing the industry average of 18.3% [16] - There are positive estimate revisions for 2024 earnings per share (EPS), indicating a projected growth of 21.9% [19]