M/I Homes(US:MHO) ZACKS·2025-04-23 14:35Core Insights - M/I Homes reported a revenue of $976.09 million for the quarter ended March 2025, reflecting a year-over-year decline of 6.8% and an EPS of $3.98, down from $4.78 a year ago, with a revenue surprise of -12.92% compared to the Zacks Consensus Estimate of $1.12 billion and an EPS surprise of -4.33% against the consensus estimate of $4.16 [1] Financial Performance - Homes in backlog totaled 2,847, slightly below the average estimate of 2,910 from two analysts [4] - The number of active communities was 223, compared to the average estimate of 224 [4] - New contracts totaled 2,292, which was lower than the average estimate of 2,599 [4] - The average sales price of homes in backlog was $548 thousand, slightly above the average estimate of $547.03 thousand [4] - The average home closing price was $476 thousand, below the average estimate of $489.71 thousand [4] - The aggregate sales value of homes in backlog was $1.56 billion, compared to the estimated $1.59 billion [4] - Homes delivered totaled 1,976, which was lower than the average estimate of 2,221 [4] - Financial services revenue was $31.52 million, slightly above the average estimate of $31.40 million, representing a year-over-year increase of 16.9% [4] - Homebuilding revenue was $940.03 million, below the average estimate of $1.09 billion, reflecting a year-over-year decline of 7.5% [4] Market Performance - Shares of M/I Homes have returned -7.4% over the past month, compared to the Zacks S&P 500 composite's -6.6% change [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [3]