M/I Homes (MHO) closed at $123.48 in the latest trading session, marking a -1.99% move from the prior day. The stock trailed the S&P 500, which registered a daily loss of 1.11%. At the same time, the Dow lost 0.09%, and the tech-heavy Nasdaq lost 1.88%.
Prior to today's trading, shares of the homebuilder had lost 11.48% lagged the Construction sector's loss of 3.55% and the S&P 500's gain of 2.06%.
The investment community will be paying close attention to the earnings performance of M/I Homes in its upcoming release. The company is slated to reveal its earnings on October 21, 2026. In that report, analysts expect M/I Homes to post earnings of $3.05 per share. This would mark a year-over-year decline of 26.33%. Meanwhile, the latest consensus estimate predicts the revenue to be $1.09 billion, indicating a 3.31% decrease compared to the same quarter of the previous year.
For the full year, the Zacks Consensus Estimates project earnings of $12 per share and a revenue of $4.18 billion, demonstrating changes of -18.59% and -5.37%, respectively, from the preceding year.
Any recent changes to analyst estimates for M/I Homes should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. 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. 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 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. Over the past month, the Zacks Consensus EPS estimate has remained steady. M/I Homes is currently sporting a Zacks Rank of #5 (Strong Sell).
Investors should also note M/I Homes's current valuation metrics, including its Forward P/E ratio of 10.5. This indicates a discount in contrast to its industry's Forward P/E of 12.24.
The Building Products - Home Builders industry is part of the Construction sector. At present, this industry carries a Zacks Industry Rank of 238, placing it within the bottom 4% of over 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.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming 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).