In its upcoming report, M/I Homes (MHO) is predicted by Wall Street analysts to post quarterly earnings of $4.94 per share, reflecting an increase of 2.5% compared to the same period last year. Revenues are forecasted to be $1.13 billion, representing a year-over-year increase of 7.7%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe. Prior to a company ...

In the latest market close, M/I Homes (MHO) reached $171.82, with a -1.77% movement compared to the previous day. This change lagged the S&P 500's 0.02% loss on the day. On the other hand, the Dow registered a gain of 0.38%, and the technology-centric Nasdaq increased by 0.04%. Coming into today, shares of the homebuilder had gained 4.6% in the past month. In that same time, the Construction sector lost 3.19%, while the S&P 500 gained 3.77%. The investment community will be closely monitoring the performanc ...

Core Viewpoint - M/I Homes, Inc. (MHO) has experienced a significant stock rally, gaining 36.8% over the past three months, outperforming both the Zacks Building Products - Home Builders industry and the broader S&P 500 Index [1][2][4] Performance Summary - MHO's stock performance of 36.8% exceeds the Zacks Building Products - Home Builders industry's 29.4% rise, the Construction sector's 18.9%, and the S&P 500 Index's 1.4% [1][3] - The stock is currently trading above its 50-day and 200-day moving averages, indicating strong investor confidence [4] Demand and Market Position - M/I Homes has successfully met sustained demand despite economic challenges, particularly among millennials and Gen Z buyers [2][6] - The company serves a broad segment of the housing market, including first-time, move-up, luxury, and empty-nester buyers, with a focus on affordability [6][7] - M/I Homes has a diverse geographic presence in high-demand markets such as Texas, Florida, and North Carolina, allowing it to capitalize on regional growth trends [6] Financial Health and Growth Strategy - The company has a robust land acquisition strategy, controlling 23,000 owned lots and 49,000 controlled lots, providing a solid foundation for future growth [8] - M/I Homes ended the second quarter with $837 million in cash and no borrowings under its revolving credit facility, indicating a strong balance sheet [8] - Shareholder equity rose 19% to $2.7 billion in the second quarter, reflecting prudent capital management [10] Challenges and Cost Management - Rising labor and material costs pose challenges for the homebuilding industry, including M/I Homes [11] - The company has seen increased land acquisition costs, with land purchases rising from $96 million to $119 million and development spending increasing to $144.5 million from $108.9 million year-over-year [14] - M/I Homes is offering below-market financing incentives to maintain sales momentum, which may pressure margins [13] Valuation and Earnings Outlook - MHO stock is currently undervalued compared to its industry peers, with a Value Score of A [15] - The trailing 12-month return on equity for MHO is 20.5%, surpassing the industry average of 18.3% [16] - There are positive estimate revisions for 2024 earnings per share (EPS), indicating a projected growth of 21.9% [19]

Group 1 - M/I Homes, Inc. will announce its third quarter earnings on October 30, 2024, before the market opens [1] - A live webcast of the earnings announcement will take place at 10:00 AM Eastern Time on the same day [1] - The webcast can be accessed through the company's website, and an archived version will be available for those unable to attend live [1] Group 2 - M/I Homes, Inc. is recognized as one of the leading homebuilders in the United States, specializing in single-family homes [2] - The company operates in multiple states, including Ohio, Indiana, Illinois, Minnesota, Michigan, Florida, Texas, North Carolina, and Tennessee [2]

M/I Homes (MHO) closed the latest trading day at $172.34, indicating a +0.57% change from the previous session's end. The stock's change was more than the S&P 500's daily loss of 0.93%. On the other hand, the Dow registered a loss of 0.41%, and the technology-centric Nasdaq decreased by 1.53%. The homebuilder's stock has climbed by 7.52% in the past month, exceeding the Construction sector's gain of 4.66% and the S&P 500's gain of 2.17%. The upcoming earnings release of M/I Homes will be of great interest t ...

Group 1: Stock Highlights - SK Telecom Co., Ltd (SKM) has a Zacks Rank 1 and a 7.5% increase in the Zacks Consensus Estimate for current year earnings over the last 60 days [1] - M/I Homes, Inc. (MHO) also holds a Zacks Rank 1 with a 7.7% increase in the Zacks Consensus Estimate for current year earnings over the last 60 days [2] - NEXT plc (NXGPY) carries a Zacks Rank 1 and has seen nearly a 7% increase in the Zacks Consensus Estimate for current year earnings over the last 60 days [3] Group 2: Valuation Metrics - SK Telecom has a price-to-earnings ratio (P/E) of 10.43, lower than the industry average of 12.00, and a Value Score of B [1] - M/I Homes has a P/E of 8.15, significantly lower than the industry average of 11.70, and possesses a Value Score of A [2] - NEXT has a P/E of 16.33, compared to the industry average of 26.10, and holds a Growth Score of B [3]

The latest trading session saw M/I Homes (MHO) ending at $168.80, denoting a -1.11% adjustment from its last day's close. This change lagged the S&P 500's daily gain of 0.25%. On the other hand, the Dow registered a gain of 0.2%, and the technology-centric Nasdaq increased by 0.56%. The homebuilder's stock has climbed by 3.72% in the past month, exceeding the Construction sector's gain of 3.49% and the S&P 500's gain of 1.65%. The investment community will be paying close attention to the earnings performan ...

Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers. Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by th ...

The Construction group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. M/I Homes (MHO) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? Let's take a closer look at the stock's year-to-date performance to find out. M/I Homes is a member of our Construction group, which includes 91 different companies and currently sits at #7 in the Zacks Sector Rank. Th ...

Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades. Eve ...