M/I Homes Inc reports results for the quarter ended in September 30 - Earnings Summary

M/I Homes

30/10/2024 15:19

* M/I Homes Inc  MHO.N  reported quarterly adjusted earnings
of
$5.10​​ per share for the quarter ended September 30, higher
than the same quarter last year, when the company reported EPS
of $4.82.  The mean expectation of three analysts for the
quarter was for earnings of $4.94 per share. Wall Street
expected results to range from $4.76  to $5.09 per share.
    * Revenue rose 9.2% to $1.14 billion from a year ago;
analysts
expected $1.12 billion. 
    * M/I Homes Inc's reported EPS for the quarter was $5.10​.
    * The company reported quarterly net income of $145.45
million.
    * M/I Homes Inc shares had fallen by 10.5% this quarter and
gained 11.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 3% 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," 2
"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
182.50 
This summary was machine generated from LSEG data October 30 at
03:19 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
 Sep. 30 2024      4.94           5.10           Beat
 Jun. 30 2024      4.59           5.12           Beat
 Mar. 31 2024      3.96           4.78           Beat
 Dec. 31 2023      4.94           3.66           Missed