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0 0 0.0011334766464724 0.000562829783075931 0.00524760601915186 0.0103576314246628 0.0186828219659956 0.0130154387336329
Stock impact report

M/I Homes (MHO) Q4 Earnings & Revenues Lag, New Orders Rise [Yahoo! Finance]

M/I Homes, Inc. (MHO) 
Last m/i homes, inc. earnings: 4/29 08:30 am Check Earnings Report
US:NYSE Investor Relations: mihomes.com/support/investors
Company Research Source: Yahoo! Finance
Post the announcement, shares of this homebuilder fell 5.7% during the trading session on Jan 31. The downtrend in the company's quarterly results is driven by year-over-year low home deliveries attributable to the lingering headwinds in the form of high mortgage rates, inflationary pressures and other economic risk factors. Low backlog levels, along with the sales value, are also concerning. Nonetheless, the growth prospects of the company are partially salvaged by the year-over-year increase in new home contracts and reduced cancellation rates, thanks to the demand uptrend for affordable homes on the back of low existing home inventory. Inside the Headlines The company reported quarterly earnings per share of $3.66, which missed the Zacks Consensus Estimate of $4.94 by 25.9%. In the year-ago quarter, the company reported adjusted earnings of $5.15 per share. M/I Homes, Inc. Price, Consensus and EPS Surprise M/I Homes, Inc. price-consensus-eps-surprise-chart | M/I Homes, I Show less Read more
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