From Nasdaq: 2024-06-21 18:15:21

In recent trading, M/I Homes (MHO) closed at $120.45, up 1.01% from the previous day. The S&P 500 lost 0.16%, with the Dow rising 0.04% and Nasdaq falling 0.18%. Over the past month, MHO’s stock fell 2.77%, beating the Construction sector’s 4.52% decline but trailing S&P 500’s 3.15% gain.

Investors await M/I Homes’ earnings report, with forecasted EPS of $4.79, up 16.26% from last year. Revenue is expected to hit $1.05 billion, a 3.71% rise. Full-year estimates predict EPS of $18.18 and revenue of $4.25 billion, up 12.15% and 5.39%. Analysts continue to monitor and revise projections for near-term stock movements.

M/I Homes boasts a Zacks Rank of #1 (Strong Buy), with a favorable forward P/E ratio of 6.56 compared to the industry average of 8.25. This positions them well within the Building Products – Home Builders industry, ranked in the top 20% of over 250 industries. Using Zacks.com for real-time stock monitoring is advised.

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Read more at Nasdaq: Why the Market Dipped But M/I Homes (MHO) Gained Today