Here's Why M/I Homes (MHO) Gained But Lagged the Market Today

Group 1 - M/I Homes closed at $131.95, reflecting a +0.96% change from the previous day, underperforming the S&P 500's gain of 1.26% [1] - The stock has decreased by 18.22% over the past month, while the Construction sector and S&P 500 have lost 12.76% and 2.82%, respectively [1] Group 2 - M/I Homes is set to report earnings on January 29, 2025, with an expected EPS of$ 4.83, indicating a 31.97% increase year-over-year [2] - The projected revenue for the upcoming earnings report is $1.17 billion, which represents a 20.12% increase from the same period last year [2] Group 3 - Recent changes in analyst estimates for M/I Homes are important as they reflect near-term business trends, with positive revisions indicating optimism about the company's outlook [3] - The Zacks Rank system, which incorporates estimate changes, has a strong track record, with 1 rated stocks averaging a +25% annual return since 1988 [4][5] Group 4 - M/I Homes has a Forward P/E ratio of 6.4, which is lower than the industry average of 7.77, suggesting the company is trading at a discount [6] - The Building Products - Home Builders industry, part of the Construction sector, has a Zacks Industry Rank of 172, placing it in the bottom 32% of over 250 industries [6][7]