Home Earnings Preview What Analysts Predict For M/I Homes, Inc. ($MHO) 3Q20?

What Analysts Predict For M/I Homes, Inc. ($MHO) 3Q20?

M/I Homes, Inc. (NYSE:MHO) is reporting third quarter financial results on Wednesday 28th October 2020, before market open.

According to analysts surveyed by Thomson Reuters, MHO is expected to report 3Q20 income of $ 1.44 per share from revenue of $ 668.17 million.

For the full year, analysts anticipate top line of $ 2699.62 million, while looking forward to income of $ 6.11 per share bottom line.

Previous Quarter Performance

M/I Homes, Inc. reported income for the second quarter of $ 1.89 per share, from the revenue of $ 714.19 million. The quarterly earnings grew 75.00 percent while revenues raised 14.51 percent compared with the same quarter last year.
The consensus estimates are income of $ 0.88 per share from $ 597.88 million in revenue. The bottom line results beat street analysts by $ 1.01 or 114.77 percent, at the same time, top line results outshined analysts by $ 116.31 million or 19.45 percent.

Stock Performance

Shares of M/I Homes, Inc. traded low $ -0.36 or -0.84 percent on Tuesday, reaching $ 42.45 with volume of 889.50 thousand shares. M/I Homes, Inc. has traded high as $ 43.20 and has cracked $ 41.51 on the downward trend

According to the previous trading day, closing price of $ 42.45, representing a 345.01 % increase from the 52 week low of $ 9.62 and a 13.41 % decrease over the 52 week high of $ 49.44.

The company has a market capital of $ 1.21 billion and is part of the Consumer Cyclical sector and Residential Construction industry.

M/I Homes, Inc., together with its subsidiaries, operates as a builder of single-family homes in Ohio, Indiana, Illinois, Minnesota, Maryland, Virginia, North Carolina, Florida, and Texas, the United States. The company operates through Midwest Homebuilding, Southern Homebuilding, Mid-Atlantic Homebuilding, and Financial Services segments. It designs, constructs, markets, and sells single-family homes and attached townhomes to first-time, millennial, move-up, empty-nester, and luxury buyers under the M/I Homes and Showcase Collection brand names.