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M/I Homes (MHO) closed the most recent trading day at $117.93, moving -0.07% from the previous trading session. This change was narrower than the S&P 500's 1.12% loss on the day. Elsewhere, the Dow saw a downswing of 0.31%, while the tech-heavy Nasdaq depreciated by 2.04%.
The homebuilder's shares have seen a decrease of 2.57% over the last month, not keeping up with the Construction sector's loss of 1.75% and outstripping the S&P 500's loss of 2.91%.
The upcoming earnings release of M/I Homes will be of great interest to investors. The company's earnings report is expected on April 23, 2025. On that day, M/I Homes is projected to report earnings of $4.16 per share, which would represent a year-over-year decline of 12.97%. Our most recent consensus estimate is calling for quarterly revenue of $1.12 billion, up 7.09% from the year-ago period.
For the full year, the Zacks Consensus Estimates project earnings of $18.44 per share and a revenue of $4.67 billion, demonstrating changes of -6.44% and +3.61%, respectively, from the preceding year.
Any recent changes to analyst estimates for M/I Homes should also be noted by investors. Such recent modifications usually signify the changing landscape of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the company's business operations and its ability to generate profits.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. M/I Homes is holding a Zacks Rank of #4 (Sell) right now.
Digging into valuation, M/I Homes currently has a Forward P/E ratio of 6.4. Its industry sports an average Forward P/E of 8.47, so one might conclude that M/I Homes is trading at a discount comparatively.
The Building Products - Home Builders industry is part of the Construction sector. This industry currently has a Zacks Industry Rank of 221, which puts it in the bottom 12% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.