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Why the Market Dipped But M/I Homes (MHO) Gained Today
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M/I Homes (MHO - Free Report) ended the recent trading session at $120.45, demonstrating a +1.01% swing from the preceding day's closing price. This change outpaced the S&P 500's 0.16% loss on the day. Meanwhile, the Dow experienced a rise of 0.04%, and the technology-dominated Nasdaq saw a decrease of 0.18%.
Shares of the homebuilder have depreciated by 2.77% over the course of the past month, outperforming the Construction sector's loss of 4.52% and lagging the S&P 500's gain of 3.15%.
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 $4.79, showcasing a 16.26% upward movement from the corresponding quarter of the prior year. Simultaneously, our latest consensus estimate expects the revenue to be $1.05 billion, showing a 3.71% escalation compared to the year-ago quarter.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $18.18 per share and a revenue of $4.25 billion, signifying shifts of +12.15% and +5.39%, respectively, from the last year.
Furthermore, it would be beneficial for investors to monitor any recent shifts in analyst projections for M/I Homes. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
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. The Zacks Consensus EPS estimate remained stagnant within the past month. At present, M/I Homes boasts a Zacks Rank of #1 (Strong Buy).
Digging into valuation, M/I Homes currently has a Forward P/E ratio of 6.56. This valuation marks a discount compared to its industry's average Forward P/E of 8.25.
The Building Products - Home Builders industry is part of the Construction sector. This industry, currently bearing a Zacks Industry Rank of 48, finds itself in the top 20% echelons of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
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Why the Market Dipped But M/I Homes (MHO) Gained Today
M/I Homes (MHO - Free Report) ended the recent trading session at $120.45, demonstrating a +1.01% swing from the preceding day's closing price. This change outpaced the S&P 500's 0.16% loss on the day. Meanwhile, the Dow experienced a rise of 0.04%, and the technology-dominated Nasdaq saw a decrease of 0.18%.
Shares of the homebuilder have depreciated by 2.77% over the course of the past month, outperforming the Construction sector's loss of 4.52% and lagging the S&P 500's gain of 3.15%.
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 $4.79, showcasing a 16.26% upward movement from the corresponding quarter of the prior year. Simultaneously, our latest consensus estimate expects the revenue to be $1.05 billion, showing a 3.71% escalation compared to the year-ago quarter.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $18.18 per share and a revenue of $4.25 billion, signifying shifts of +12.15% and +5.39%, respectively, from the last year.
Furthermore, it would be beneficial for investors to monitor any recent shifts in analyst projections for M/I Homes. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
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. The Zacks Consensus EPS estimate remained stagnant within the past month. At present, M/I Homes boasts a Zacks Rank of #1 (Strong Buy).
Digging into valuation, M/I Homes currently has a Forward P/E ratio of 6.56. This valuation marks a discount compared to its industry's average Forward P/E of 8.25.
The Building Products - Home Builders industry is part of the Construction sector. This industry, currently bearing a Zacks Industry Rank of 48, finds itself in the top 20% echelons of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.