M/I Homes (MHO) closed at $148.11 in the latest trading session, marking a +1.4% move from the prior day. The stock outpaced the S&P 500's daily gain of 0.38%. Elsewhere, the Dow gained 0.02%, while the tech-heavy Nasdaq added 0.9%.
The homebuilder's stock has climbed by 3.38% in the past month, exceeding the Construction sector's loss of 3.74% and the S&P 500's gain of 1.27%.
The upcoming earnings release of M/I Homes will be of great interest to investors. The company's earnings report is expected on July 29, 2026. In that report, analysts expect M/I Homes to post earnings of $3.17 per share. This would mark a year-over-year decline of 28.28%. At the same time, our most recent consensus estimate is projecting a revenue of $1.18 billion, reflecting a 1.84% rise from the equivalent quarter last year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $12.6 per share and a revenue of $4.37 billion, indicating changes of -14.52% and -0.98%, respectively, from the former year.
It is also important to note the recent changes to analyst estimates for M/I Homes. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. M/I Homes presently features a Zacks Rank of #3 (Hold).
With respect to valuation, M/I Homes is currently being traded at a Forward P/E ratio of 11.59. This expresses a discount compared to the average Forward P/E of 14.45 of its industry.
The Building Products - Home Builders industry is part of the Construction sector. This industry, currently bearing a Zacks Industry Rank of 194, finds itself in the bottom 22% echelons of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
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M/I Homes, Inc. (MHO): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).