M/I Homes (MHO) closed the most recent trading day at $143.88, moving +1.17% from the previous trading session. This move outpaced the S&P 500's daily gain of 0.78%. Meanwhile, the Dow experienced a rise of 0.49%, and the technology-dominated Nasdaq saw an increase of 1.29%.
Prior to today's trading, shares of the homebuilder had gained 5.65% outpaced the Construction sector's gain of 2.43% and the S&P 500's loss of 1.33%.
Investors will be eagerly watching for the performance of M/I Homes in its upcoming earnings disclosure. The company's upcoming EPS is projected at $2.64, signifying a 33.67% drop compared to the same quarter of the previous year. Our most recent consensus estimate is calling for quarterly revenue of $929.65 million, down 4.76% from the year-ago period.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $13.63 per share and a revenue of $4.48 billion, signifying shifts of -7.53% and +1.36%, respectively, from the last year.
Investors should also pay attention to any latest changes in analyst estimates for M/I Homes. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. 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, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 8.09% lower. As of now, M/I Homes holds 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 10.43. This valuation marks a discount compared to its industry average Forward P/E of 13.94.
The Building Products - Home Builders industry is part of the Construction sector. With its current Zacks Industry Rank of 233, this industry ranks in the bottom 5% of all industries, numbering over 250.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming 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).