M/I Homes(US:MHO) ZACKSยท2024-07-29 14:21Core Viewpoint - Analysts' projections for M/I Homes indicate positive growth in key metrics, suggesting a favorable outlook for the company's upcoming earnings report. Revenue Projections - Analysts estimate 'Revenue- Homebuilding revenue' at $1.03 billion, reflecting a year-over-year increase of +4.2% [2] - The forecast for 'Revenue- Homebuilding revenue- Housing revenue' is also $1.03 billion, indicating a +4.9% change from the prior-year quarter [6] - The 'Revenue- Financial services revenue' is projected to be $26.80 million, suggesting a +6.1% year-over-year increase [13] Earnings Per Share (EPS) - The consensus EPS estimate for the quarter is $4.60, representing an 11.7% increase compared to the same period last year [9] - The EPS estimate has been revised upward by 4.3% in the past 30 days, indicating analysts' reassessment of their initial estimates [5] Sales and Contracts - Analysts predict 'New contracts - Total' to reach 2,364, up from 2,197 a year ago [3] - The 'Homes delivered - Total' is expected to be 2,182, compared to 1,990 in the same quarter last year [7] Community and Backlog Metrics - The 'Number of active communities (Average community count)' is forecasted to reach 218, an increase from 198 a year ago [4] - 'Homes in backlog' is estimated at 3,573, compared to 3,508 the previous year [15] - The 'Aggregate sales value of homes in backlog - Total Homebuilding Regions' is projected to be $1.88 billion, up from $1.78 billion [14] Pricing Metrics - The 'Average sales price of homes in backlog - Total Homebuilding Regions' is expected to be $526.69 thousand, compared to $507 thousand last year [8] - The 'Average home closing price' is projected to reach $471.14 thousand, down from $493 thousand a year ago [11] Market Performance - Shares of M/I Homes have increased by +35.5% over the past month, contrasting with the Zacks S&P 500 composite's -0.2% change [16]