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Ahead of M/I Homes (MHO) Q2 Earnings: Get Ready With Wall Street Estimates for Key Metrics
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Wall Street analysts expect M/I Homes (MHO - Free Report) to post quarterly earnings of $4.43 per share in its upcoming report, which indicates a year-over-year decline of 13.5%. Revenues are expected to be $1.12 billion, up 0.5% from the year-ago quarter.
Over the past 30 days, the consensus EPS estimate for the quarter has remained unchanged. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.
With that in mind, let's delve into the average projections of some M/I Homes metrics that are commonly tracked and projected by analysts on Wall Street.
The collective assessment of analysts points to an estimated 'Revenue- Financial services revenue' of $28.50 million. The estimate indicates a year-over-year change of -7.4%.
According to the collective judgment of analysts, 'Revenue- Homebuilding revenue- Housing revenue' should come in at $1.06 billion. The estimate indicates a year-over-year change of -0.9%.
It is projected by analysts that the 'Average home closing price' will reach $479.99 thousand. The estimate compares to the year-ago value of $482.00 thousand.
Based on the collective assessment of analysts, 'Homes delivered - Total' should arrive at 2,213 . The estimate compares to the year-ago value of 2,224 .
Analysts expect 'New contracts - Total' to come in at 2,200 . The estimate is in contrast to the year-ago figure of 2,255 .
Analysts forecast 'Average sales price of homes in backlog - Total Homebuilding Regions' to reach $547.64 thousand. Compared to the current estimate, the company reported $533.00 thousand in the same quarter of the previous year.
Analysts' assessment points toward 'Number of active communities (Average community count)' reaching 227 . Compared to the present estimate, the company reported 215 in the same quarter last year.
The consensus estimate for 'Aggregate sales value of homes in backlog - Total Homebuilding Regions' stands at $1.55 billion. The estimate is in contrast to the year-ago figure of $1.82 billion.
The consensus among analysts is that 'Homes in backlog' will reach 2,835 . The estimate is in contrast to the year-ago figure of 3,422 .
Over the past month, M/I Homes shares have recorded returns of +10.7% versus the Zacks S&P 500 composite's +5.4% change. Based on its Zacks Rank #3 (Hold), MHO will likely exhibit a performance that aligns with the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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Ahead of M/I Homes (MHO) Q2 Earnings: Get Ready With Wall Street Estimates for Key Metrics
Wall Street analysts expect M/I Homes (MHO - Free Report) to post quarterly earnings of $4.43 per share in its upcoming report, which indicates a year-over-year decline of 13.5%. Revenues are expected to be $1.12 billion, up 0.5% from the year-ago quarter.
Over the past 30 days, the consensus EPS estimate for the quarter has remained unchanged. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.
With that in mind, let's delve into the average projections of some M/I Homes metrics that are commonly tracked and projected by analysts on Wall Street.
The collective assessment of analysts points to an estimated 'Revenue- Financial services revenue' of $28.50 million. The estimate indicates a year-over-year change of -7.4%.
According to the collective judgment of analysts, 'Revenue- Homebuilding revenue- Housing revenue' should come in at $1.06 billion. The estimate indicates a year-over-year change of -0.9%.
It is projected by analysts that the 'Average home closing price' will reach $479.99 thousand. The estimate compares to the year-ago value of $482.00 thousand.
Based on the collective assessment of analysts, 'Homes delivered - Total' should arrive at 2,213 . The estimate compares to the year-ago value of 2,224 .
Analysts expect 'New contracts - Total' to come in at 2,200 . The estimate is in contrast to the year-ago figure of 2,255 .
Analysts forecast 'Average sales price of homes in backlog - Total Homebuilding Regions' to reach $547.64 thousand. Compared to the current estimate, the company reported $533.00 thousand in the same quarter of the previous year.
Analysts' assessment points toward 'Number of active communities (Average community count)' reaching 227 . Compared to the present estimate, the company reported 215 in the same quarter last year.
The consensus estimate for 'Aggregate sales value of homes in backlog - Total Homebuilding Regions' stands at $1.55 billion. The estimate is in contrast to the year-ago figure of $1.82 billion.
The consensus among analysts is that 'Homes in backlog' will reach 2,835 . The estimate is in contrast to the year-ago figure of 3,422 .
View all Key Company Metrics for M/I Homes here>>>Over the past month, M/I Homes shares have recorded returns of +10.7% versus the Zacks S&P 500 composite's +5.4% change. Based on its Zacks Rank #3 (Hold), MHO will likely exhibit a performance that aligns with the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .