Ahead of M/I Homes (MHO) Q2 Earnings: Get Ready With Wall Street Estimates for Key Metrics

Core Viewpoint - Analysts expect M/I Homes (MHO) to report quarterly earnings of $4.43 per share, reflecting a year-over-year decline of 13.5%, with revenues projected at $1.12 billion, a slight increase of 0.5% from the previous year [1]. Earnings Estimates - The consensus EPS estimate for the quarter has remained unchanged over the past 30 days, indicating a reassessment of projections by covering analysts [1][2]. Revenue Projections - Analysts estimate 'Revenue- Financial services revenue' at $28.50 million, down 7.4% year-over-year [4]. - 'Revenue- Homebuilding revenue- Housing revenue' is projected to be $1.06 billion, reflecting a decrease of 0.9% compared to the previous year [4]. Key Metrics - The 'Average home closing price' is expected to be $479.99 thousand, slightly lower than the year-ago value of $482.00 thousand [5]. - 'Homes delivered - Total' is projected at 2,213, down from 2,224 year-over-year [5]. - 'New contracts - Total' is expected to be 2,200, compared to 2,255 in the previous year [5]. Backlog and Active Communities - The 'Average sales price of homes in backlog - Total Homebuilding Regions' is forecasted to reach $547.64 thousand, up from $533.00 thousand in the same quarter last year [6]. - The number of active communities is expected to reach 227, compared to 215 in the same quarter last year [6]. - The 'Aggregate sales value of homes in backlog - Total Homebuilding Regions' is estimated at $1.55 billion, down from $1.82 billion year-over-year [7]. - 'Homes in backlog' is projected to be 2,835, compared to 3,422 in the previous year [7]. Stock Performance - Over the past month, M/I Homes shares have increased by 10.7%, outperforming the Zacks S&P 500 composite's increase of 5.4% [7].