In the latest trading session, M/I Homes (MHO) closed at $152.37, marking a -2.85% move from the previous day. This change lagged the S&P 500's 0.72% gain on the day. On the other hand, the Dow registered a gain of 0.3%, and the technology-centric Nasdaq increased by 1.12%.
Shares of the homebuilder witnessed a gain of 14.21% over the previous month, beating the performance of the Construction sector with its gain of 0.11%, and the S&P 500's loss of 0.9%.
The investment community will be closely monitoring the performance of M/I Homes in its forthcoming earnings report. The company is scheduled to release its earnings on July 29, 2026. The company's upcoming EPS is projected at $3.17, signifying a 28.28% drop compared to the same quarter of the previous year. Alongside, our most recent consensus estimate is anticipating revenue of $1.18 billion, indicating a 1.84% upward movement from the same quarter last year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $12.6 per share and revenue of $4.37 billion, indicating changes of -14.52% and -0.98%, respectively, compared to the previous year.
Investors should also take note of any recent adjustments to analyst estimates for M/I Homes. Recent revisions tend to reflect the latest near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 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 #3 (Hold).
From a valuation perspective, M/I Homes is currently exchanging hands at a Forward P/E ratio of 12.45. Its industry sports an average Forward P/E of 15.51, so one might conclude that M/I Homes is trading at a discount comparatively.
The Building Products - Home Builders industry is part of the Construction sector. This group has a Zacks Industry Rank of 225, putting it in the bottom 9% of all 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.
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M/I Homes, Inc. (MHO): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).