We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
M/I Homes (MHO) Declines More Than Market: Some Information for Investors
Read MoreHide Full Article
In the latest trading session, M/I Homes (MHO - Free Report) closed at $129.85, marking a -2.41% move from the previous day. The stock's change was less than the S&P 500's daily loss of 0.08%. At the same time, the Dow lost 0.61%, and the tech-heavy Nasdaq gained 0.08%.
Prior to today's trading, shares of the homebuilder had lost 8.49% was narrower than the Construction sector's loss of 9.08% and lagged the S&P 500's loss of 2.16%.
Investors will be eagerly watching for the performance of M/I Homes in its upcoming earnings disclosure. The company's earnings per share (EPS) are projected to be $2.64, reflecting a 33.67% decrease from the same quarter last year. At the same time, our most recent consensus estimate is projecting a revenue of $929.65 million, reflecting a 4.76% fall from the equivalent quarter last year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $13.63 per share and a revenue of $4.48 billion, indicating changes of -7.53% and +1.36%, respectively, from the former year.
Investors should also pay attention to any latest changes in analyst estimates for M/I Homes. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. M/I Homes is currently a Zacks Rank #4 (Sell).
Investors should also note M/I Homes's current valuation metrics, including its Forward P/E ratio of 9.76. This denotes a discount relative to the industry average Forward P/E of 12.93.
The Building Products - Home Builders industry is part of the Construction sector. This group has a Zacks Industry Rank of 233, putting it in the bottom 5% 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.
You can find more information on all of these metrics, and much more, on Zacks.com.
Zacks' 7 Best Strong Buy Stocks (New Research Report)
Valued at $99, click below to receive our just-released report
predicting the 7 stocks that will soar highest in the coming month.
View the Zacks #1 Rank List
Image: Bigstock
M/I Homes (MHO) Declines More Than Market: Some Information for Investors
In the latest trading session, M/I Homes (MHO - Free Report) closed at $129.85, marking a -2.41% move from the previous day. The stock's change was less than the S&P 500's daily loss of 0.08%. At the same time, the Dow lost 0.61%, and the tech-heavy Nasdaq gained 0.08%.
Prior to today's trading, shares of the homebuilder had lost 8.49% was narrower than the Construction sector's loss of 9.08% and lagged the S&P 500's loss of 2.16%.
Investors will be eagerly watching for the performance of M/I Homes in its upcoming earnings disclosure. The company's earnings per share (EPS) are projected to be $2.64, reflecting a 33.67% decrease from the same quarter last year. At the same time, our most recent consensus estimate is projecting a revenue of $929.65 million, reflecting a 4.76% fall from the equivalent quarter last year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $13.63 per share and a revenue of $4.48 billion, indicating changes of -7.53% and +1.36%, respectively, from the former year.
Investors should also pay attention to any latest changes in analyst estimates for M/I Homes. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. M/I Homes is currently a Zacks Rank #4 (Sell).
Investors should also note M/I Homes's current valuation metrics, including its Forward P/E ratio of 9.76. This denotes a discount relative to the industry average Forward P/E of 12.93.
The Building Products - Home Builders industry is part of the Construction sector. This group has a Zacks Industry Rank of 233, putting it in the bottom 5% 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.
You can find more information on all of these metrics, and much more, on Zacks.com.