M/I Homes (MHO) Stock Falls Amid Market Uptick: What Investors Need to Know

Core Viewpoint - M/I Homes is experiencing a mixed performance in the stock market, with a recent decline while showing resilience compared to the broader construction sector and S&P 500 [1][2] Company Performance - M/I Homes' stock closed at $121.10, reflecting a -0.39% change from the previous day, underperforming the S&P 500 which gained 0.55% [1] - Over the past month, M/I Homes shares have increased by 1.25%, contrasting with the Construction sector's decline of 8.2% and the S&P 500's loss of 5.56% [1] Upcoming Earnings - The upcoming earnings report for M/I Homes is anticipated, with projected earnings per share (EPS) of$ 4.16, indicating a 12.97% decrease year-over-year [2] - Revenue is expected to reach $1.12 billion, reflecting a 7.09% growth compared to the same quarter last year [2] Full Year Projections - For the full year, earnings are projected at$ 18.44 per share and revenue at $4.67 billion, representing changes of -6.44% and +3.61% respectively from the previous year [3] - Recent analyst estimate revisions suggest a positive outlook for M/I Homes' business and profitability [3] Valuation Metrics - M/I Homes is currently trading at a Forward P/E ratio of 6.59, which is lower than the industry average of 8.16, indicating a potential discount [6] - The Building Products - Home Builders industry, to which M/I Homes belongs, ranks in the bottom 10% of all industries according to the Zacks Industry Rank [6] Analyst Ratings - M/I Homes holds a Zacks Rank of 4 (Sell), with the consensus EPS estimate remaining unchanged over the past month [5] - The Zacks Rank system has a historical track record of outperformance, with 1 stocks returning an average of +25% annually since 1988 [5]