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

M/I Homes

30/07/2024 14:32

* M/I Homes Inc  MHO.N  reported quarterly adjusted earnings
of
$5.12​​ per share for the quarter ended in January, higher than
the same quarter last year, when the company reported EPS of
$4.12.  The mean expectation of two analysts for the quarter was
for earnings of $4.59 per share. Wall Street expected results to
range from $4.40  to $4.79 per share.
    * Revenue rose 9.4% to $1.11 billion from a year ago;
analysts
expected $1.06 billion. 
    * M/I Homes Inc's reported EPS for the quarter was $5.12​.
    * The company reported quarterly net income of $146.75
million.
    * M/I Homes Inc shares had risen by 36.5% this quarter and
gained 21.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 4% 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 "buy"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the homebuilding
peer
group is also "buy"

Wall Street's median 12-month price target for M/I Homes Inc is
$165.00 
This summary was machine generated from LSEG data July 30 at
01:32 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
 Jun. 30 2024      4.59           5.12           Beat
 Mar. 31 2024      3.96           4.78           Beat
 Dec. 31 2023      4.94           3.66           Missed
 Sep. 30 2023      4.27           4.82           Beat