M/I Homes (MHO) Q4 Earnings Lag Estimates

Core Insights - M/I Homes reported quarterly earnings of $4.71 per share, missing the Zacks Consensus Estimate of $4.83 per share, but showing an increase from $3.66 per share a year ago, resulting in an earnings surprise of -2.48% [1] - The company posted revenues of $1.21 billion for the quarter, exceeding the Zacks Consensus Estimate by 3.17%, and up from $972.59 million year-over-year [2] - M/I Homes has surpassed consensus EPS estimates three times over the last four quarters and topped revenue estimates four times in the same period [2] Earnings Outlook - The immediate price movement of M/I Homes' stock will depend on management's commentary during the earnings call and future earnings expectations [3] - The current consensus EPS estimate for the upcoming quarter is $4.73 on revenues of $1.1 billion, and for the current fiscal year, it is $20.42 on revenues of $4.68 billion [7] Industry Context - The Building Products - Home Builders industry, to which M/I Homes belongs, is currently ranked in the bottom 14% of over 250 Zacks industries, indicating potential challenges ahead [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which could impact M/I Homes' stock performance [5][6]