M/I Homes Inc reports results for the quarter ended in December - Earnings Summary

M/I Homes

31/01/2024 14:32

* M/I Homes Inc  MHO.N  reported quarterly adjusted earnings
of
$3.66​​ per share for the quarter ended in December, lower than
the same quarter last year, when the company reported EPS of
$5.15.  The lone analyst forecast for the quarter was
for earnings of $4.94 per share. 
    * Revenue fell 20.1% to $972.59 million from a year ago;
analysts
expected $1.19 billion. 
    * M/I Homes Inc's reported EPS for the quarter was $3.66​.
    * The company reported quarterly net income of $105.28
million.
    * M/I Homes Inc shares had fallen by 1.9% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * Wall Street's median 12-month price target for M/I Homes
Inc is
$93.50 

This summary was machine generated from LSEG data January 31 at
02:31 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      4.94           3.66           Missed
 Sep. 30 2023      4.27           4.82           Beat
 Jun. 30 2023      2.45           4.12           Beat
 Mar. 31 2023      2.36           3.64           Beat