Momentum investing is essentially the opposite of the tried-and-tested Wall Street adage -- "buy low and sell high." Investors following this investing style typically avoid betting on cheap stocks and waiting long for them to recover. They believe instead that one could make far more money in lesser time by "buying high and selling higher." Everyone likes betting on fast-moving trending stocks, but it isn't easy to determine the right entry point. These stocks often lose momentum when their future growth p ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____________ to _____________________ Commission File Number 1-12434 M/I HOMES, INC. For the Quarterly Period Ended June 30, 2024 Ohio 31-1210837 (Exact name of registrant as specified in it charter) 4131 Worth Avenue, ...

M/I Homes, Inc. (MHO) Q2 2024 Earnings Conference Call July 30, 2024 10:30 AM ET Company Participants Phil Creek - EVP and CFO Bob Schottenstein - President and CEO Derek Klutch - President, Mortgage Company Conference Call Participants Alan Ratner - Zelman & Associates Buck Horne - Raymond James Jay McCanless - Wedbush Securities Alex Barron - Housing Research Center Operator Good morning, ladies and gentlemen, and welcome to the M/I Homes Inc. Second Quarter Earnings Conference Call. At this time, all lin ...

This quarterly report represents an earnings surprise of 11.30%. A quarter ago, it was expected that this homebuilder would post earnings of $3.96 per share when it actually produced earnings of $4.78, delivering a surprise of 20.71%. M/I Homes, which belongs to the Zacks Building Products - Home Builders industry, posted revenues of $1.11 billion for the quarter ended June 2024, surpassing the Zacks Consensus Estimate by 4.96%. This compares to year-ago revenues of $1.01 billion. The company has topped con ...

Exhibit 99.1 M/I Homes Reports 2024 Second Quarter Results Columbus, Ohio (July 30, 2024) - M/I Homes, Inc. (NYSE:MHO) announced results for the three and six months ended June 30, 2024. 2024 Second Quarter Highlights: The Company reported pre-tax income of $194.1 million and net income of $146.7 million ($5.12 per diluted share), both all-time quarterly records. This compares to pre-tax income of $155.4 million and net income of $118.0 million, or $4.12 per diluted share, for the second quarter of 2023. Fo ...

COLUMBUS, Ohio, July 30, 2024 /PRNewswire/ -- M/I Homes, Inc. (NYSE:MHO) announced results for the three and six months ended June 30, 2024. Robert H. Schottenstein, Chief Executive Officer and President, commented, "We had a very strong second quarter highlighted by all-time quarterly records in income, gross margins and pre-tax margins. For the quarter, revenue increased by 9%, gross margins were 28% compared to 25% a year-ago, pre-tax margins were 17.5% compared to 15.3% a year ago, and pre-tax income im ...

While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights. The average prediction of analysts places 'Revenue- Homebuilding revenue' at $1.03 billion. The estimate suggests a change of +4.2% year over year. Analysts' assessment points toward 'New contracts - Total' reaching 2,364. The estimate compares to the yearago value of 2,197. Analysts forecast 'Number of a ...

M/I Homes, Inc. (MHO) is scheduled to report second-quarter 2024 results on Jul 30, 2024, before market open. In the last reported quarter, the company's earnings and revenues topped the Zacks Consensus Estimate by 20.7% and 4.1%, respectively. On a year-over-year basis, earnings and revenues increased 31% and 5%, respectively. This homebuilding company's earnings topped the consensus mark in three of the trailing four quarters and missed on the remaining occasion, the average surprise being 19%. Trend in E ...

Market participants will be closely following the financial results of M/I Homes in its upcoming release. The company plans to announce its earnings on July 30, 2024. The company is predicted to post an EPS of $4.79, indicating a 16.26% growth compared to the equivalent quarter last year. Alongside, our most recent consensus estimate is anticipating revenue of $1.05 billion, indicating a 3.71% upward movement from the same quarter last year. Our research shows that these estimate changes are directly correl ...

The most recent trading session ended with M/I Homes (MHO) standing at $136.06, reflecting a +1.84% shift from the previouse trading day's closing. The stock outpaced the S&P 500's daily gain of 0.55%. Elsewhere, the Dow gained 0.62%, while the tech-heavy Nasdaq added 0.63%. Analysts and investors alike will be keeping a close eye on the performance of M/I Homes in its upcoming earnings disclosure. The company's earnings report is set to go public on July 30, 2024. On that day, M/I Homes is projected to rep ...