M/I Homes (MHO) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates

Core Insights - M/I Homes reported revenue of $1.21 billion for the quarter ended December 2024, reflecting a year-over-year increase of 23.9% [1] - The company's EPS was$ 4.71, up from $3.66 in the same quarter last year, although it fell short of the consensus estimate of$ 4.83 by 2.48% [1] Financial Performance - Revenue exceeded the Zacks Consensus Estimate of $1.17 billion by 3.17% [1] - Homebuilding revenue was reported at$ 1.18 billion, surpassing the average estimate of $1.14 billion, marking a year-over-year increase of 23.7% [4] - Financial services revenue reached$ 28.51 million, slightly below the average estimate of $29.15 million, but showed a significant year-over-year growth of 44.8% [4] Key Metrics - Average home closing price was$ 490 thousand, closely aligning with the average estimate of $490.39 thousand [4] - Total homes delivered were 2,402, exceeding the average estimate of 2,338 [4] - New contracts totaled 1,759, slightly above the average estimate of 1,746 [4] - The average sales price of homes in backlog was$ 553 thousand, compared to the estimated $542.93 thousand [4] - The number of active communities was 219, below the average estimate of 225 [4] - Homes in backlog numbered 2,531, compared to the average estimate of 2,582 [4] - The aggregate sales value of homes in backlog was$ 1.40 billion, matching the average estimate [4] Stock Performance - Shares of M/I Homes returned +1.7% over the past month, in line with the Zacks S&P 500 composite's +1.7% change [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market [3]