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Why M/I Homes (MHO) Dipped More Than Broader Market Today
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In the latest close session, M/I Homes (MHO - Free Report) was down 3.35% at $143.29. The stock fell short of the S&P 500, which registered a loss of 0.58% for the day. On the other hand, the Dow registered a loss of 1.18%, and the technology-centric Nasdaq decreased by 0.32%.
Coming into today, shares of the homebuilder had gained 0.11% in the past month. In that same time, the Construction sector lost 7.66%, while the S&P 500 lost 0.36%.
Analysts and investors alike will be keeping a close eye on the performance of M/I Homes in its upcoming earnings disclosure. The company is forecasted to report an EPS of $3.15, showcasing a 23.91% downward movement from the corresponding quarter of the prior year. Alongside, our most recent consensus estimate is anticipating revenue of $1.1 billion, indicating a 2.78% downward movement from the same quarter last year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $12.5 per share and revenue of $4.2 billion, indicating changes of -15.2% and -4.86%, respectively, compared to the previous year.
Investors should also pay attention to any latest changes in analyst estimates for M/I Homes. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. M/I Homes presently features a Zacks Rank of #3 (Hold).
From a valuation perspective, M/I Homes is currently exchanging hands at a Forward P/E ratio of 11.86. This valuation marks a discount compared to its industry average Forward P/E of 13.59.
The Building Products - Home Builders industry is part of the Construction sector. At present, this industry carries a Zacks Industry Rank of 92, placing it within the top 38% of over 250 industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
View the Zacks #1 Rank List
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Why M/I Homes (MHO) Dipped More Than Broader Market Today
In the latest close session, M/I Homes (MHO - Free Report) was down 3.35% at $143.29. The stock fell short of the S&P 500, which registered a loss of 0.58% for the day. On the other hand, the Dow registered a loss of 1.18%, and the technology-centric Nasdaq decreased by 0.32%.
Coming into today, shares of the homebuilder had gained 0.11% in the past month. In that same time, the Construction sector lost 7.66%, while the S&P 500 lost 0.36%.
Analysts and investors alike will be keeping a close eye on the performance of M/I Homes in its upcoming earnings disclosure. The company is forecasted to report an EPS of $3.15, showcasing a 23.91% downward movement from the corresponding quarter of the prior year. Alongside, our most recent consensus estimate is anticipating revenue of $1.1 billion, indicating a 2.78% downward movement from the same quarter last year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $12.5 per share and revenue of $4.2 billion, indicating changes of -15.2% and -4.86%, respectively, compared to the previous year.
Investors should also pay attention to any latest changes in analyst estimates for M/I Homes. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. M/I Homes presently features a Zacks Rank of #3 (Hold).
From a valuation perspective, M/I Homes is currently exchanging hands at a Forward P/E ratio of 11.86. This valuation marks a discount compared to its industry average Forward P/E of 13.59.
The Building Products - Home Builders industry is part of the Construction sector. At present, this industry carries a Zacks Industry Rank of 92, placing it within the top 38% of over 250 industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.