M/I Homes stock drops 1.78% while market gains, underperforming sector and S&P 500

From Nasdaq: 2024-12-20 18:15:09

In the latest market close, M/I Homes (MHO) stock reached $133.97, with a -1.78% change from the previous day, trailing the S&P 500’s gain of 1.09%. The company’s stock has dropped by 12.67% in the past month, underperforming its sector and the S&P 500.

Investors are eagerly awaiting M/I Homes’ upcoming earnings report on January 29, 2025. Analysts anticipate earnings of $4.83 per share, a 31.97% increase year-over-year. Revenue is predicted to be $1.17 billion, up by 20.12%. Zacks Consensus Estimates forecast full-year earnings of $19.83 per share and revenue of $4.47 billion.

M/I Homes currently holds a Zacks Rank #3 (Hold) and a Forward P/E ratio of 6.88, indicating a discount compared to its industry’s average. The Building Products – Home Builders industry has a Zacks Industry Rank of 146, positioning it in the bottom 42% of all industries. Stay tuned for more updates on M/I Homes’ performance.

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Read more at Nasdaq: M/I Homes (MHO) Stock Sinks As Market Gains: Here’s Why