In the latest trading session, M/I Homes (MHO) closed at $140.34, marking a +1.08% move from the previous day. This change lagged the S&P 500's 1.49% gain on the day. At the same time, the Dow added 0.71%, and the tech-heavy Nasdaq gained 2.26%.
Shares of the homebuilder have depreciated by 8.88% over the course of the past month, outperforming the Construction sector's loss of 8.95%, and lagging the S&P 500's gain of 0.1%.
Analysts and investors alike will be keeping a close eye on the performance of M/I Homes in its upcoming earnings disclosure. The company's earnings report is set to go public 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%. Our most recent consensus estimate is calling for quarterly revenue of $1.09 billion, down 3.31% from the year-ago period.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $12 per share and a revenue of $4.18 billion, indicating changes of -18.59% and -5.37%, respectively, from the former year.
Any recent changes to analyst estimates for M/I Homes should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical 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. Over the past month, there's been a 3.96% fall in the Zacks Consensus EPS estimate. At present, M/I Homes boasts a Zacks Rank of #5 (Strong Sell).
Looking at valuation, M/I Homes is presently trading at a Forward P/E ratio of 11.57. Its industry sports an average Forward P/E of 12.83, 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 207, putting it in the bottom 16% 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.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming 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).