M/I Homes, Inc. (MHO) Q2 2024 Earnings Conference Call July 30, 2024 10:30 AM ET Company Participants Phil Creek - EVP and CFO Bob Schottenstein - President and CEO Derek Klutch - President, Mortgage Company Conference Call Participants Alan Ratner - Zelman & Associates Buck Horne - Raymond James Jay McCanless - Wedbush Securities Alex Barron - Housing Research Center Operator Good morning, ladies and gentlemen, and welcome to the M/I Homes Inc. Second Quarter Earnings Conference Call. At this time, all lines are in a listen-only mode.
While the top- and bottom-line numbers for M/I Homes (MHO) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
M/I Homes (MHO) came out with quarterly earnings of $5.12 per share, beating the Zacks Consensus Estimate of $4.60 per share. This compares to earnings of $4.12 per share a year ago.
Get a deeper insight into the potential performance of M/I Homes (MHO) for the quarter ended June 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.
M/I Homes' (MHO) second-quarter 2024 performance is likely to have benefited from the lack of existing homes for sale in the market.
The latest trading day saw M/I Homes (MHO) settling at $147.61, representing a -1.94% change from its previous close.
In the latest trading session, M/I Homes (MHO) closed at $136.06, marking a +1.84% move from the previous day.
The latest trading day saw M/I Homes (MHO) settling at $119.59, representing a +0.64% change from its previous close.
In the closing of the recent trading day, M/I Homes (MHO) stood at $120.45, denoting a +1.01% change from the preceding trading day.
Housing starts & building permits decrease in May, given higher rates, falling short of market expectations.
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 (MHO) reachead $125.99 at the closing of the latest trading day, reflecting a +0.26% change compared to its last close.