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

M/I Homes

24/04/2024 14:31

* M/I Homes Inc  MHO.N  reported quarterly adjusted earnings
of
$4.78​​ per share for the quarter ended in March, higher than
the same quarter last year, when the company reported EPS of
$3.64.  The lone analyst forecast for the quarter was
for earnings of $3.96 per share. 
    * Revenue rose 4.6% to $1.05 billion from a year ago;
analysts
expected $1.01 billion. 
    * M/I Homes Inc's reported EPS for the quarter was $4.78​.
    * The company reported quarterly net income of $138.06
million.
    * M/I Homes Inc shares had fallen by 12.3% this quarter and
lost 13.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 17.7%
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." 
    * The average consensus recommendation for the homebuilding
peer
group is also "hold"

Wall Street's median 12-month price target for M/I Homes Inc is
$93.50 
This summary was machine generated from LSEG data April 24 at
01:31 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
 Mar. 31 2024      3.96           4.78           Beat
 Dec. 31 2023      4.94           3.66           Missed
 Sep. 30 2023      4.27           4.82           Beat
 Jun. 30 2023      2.45           4.12           Beat