Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
M/I Homes NYSE: MHO reported record second-quarter new contracts as demand increased despite higher mortgage rates, economic uncertainty and what management described as a choppy housing market. The homebuilder sold 2,387 homes during the quarter, a 15% increase from a year earlier, while first-half sales rose 8% to 4,737 homes.
M/I Homes (MHO) came out with quarterly earnings of $3.14 per share, missing the Zacks Consensus Estimate of $3.17 per share. This compares to earnings of $4.42 per share a year ago.
M/I Homes (MHO) reached $146.66 at the closing of the latest trading day, reflecting a -1.92% change compared to its last close.
M/I Homes (MHO) closed at $148.11 in the latest trading session, marking a +1.4% move from the prior day.
M/I Homes (MHO) closed at $152.37 in the latest trading session, marking a -2.85% move from the prior day.
In the latest trading session, M/I Homes (MHO) closed at $163, marking a +2.39% move from the previous day.
The latest trading day saw M/I Homes (MHO) settling at $145.04, representing a +2.65% change from its previous close.
In the latest trading session, M/I Homes (MHO) closed at $137.4, marking a -2.4% move from the previous day.
Investors need to pay close attention to MHO stock based on the movements in the options market lately.
M/I Homes, Inc. (MHO) Shareholder/Analyst Call Prepared Remarks Transcript
This homebuilding company has been waiting for lower rates and it looks like the wait is going to be longer than expected.