* M/I Homes Inc reported quarterly adjusted earnings of $5.10 per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of $4.82. The mean expectation of three analysts for the quarter was for earnings of $4.94 per share. Wall Street expected results to range from $4.76 to $5.09 per share.
* Revenue rose 9.2% to $1.14 billion from a year ago; analysts expected $1.12 billion.
* M/I Homes Inc's reported EPS for the quarter was $5.10.
* The company reported quarterly net income of $145.45 million.
* M/I Homes Inc shares had fallen by 10.5% this quarter and gained 11.4% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had risen by about 3% in the last three months.
* In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.
RECOMMENDATIONS
* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy," 2 "hold" and no "sell" or "strong sell."
* The average consensus recommendation for the homebuilding peer group is also "buy"
Wall Street's median 12-month price target for M/I Homes Inc is 182.50 This summary was machine generated from LSEG data October 30 at 03:19 p.m. UTC. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING ESTIMATE ACTUAL BEAT, MET,
MISSED
Sep. 30 2024 4.94 5.10 Beat
Jun. 30 2024 4.59 5.12 Beat
Mar. 31 2024 3.96 4.78 Beat
Dec. 31 2023 4.94 3.66 Missed
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