M/I Homes (MHO) Stock Drops Despite Market Gains: Important Facts to Note

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]