M/I Homes Q2 EPS $4.12 Beats $2.45 Estimate, Sales $1.01B Beat $822.80M Estimate
Portfolio Pulse from Benzinga Newsdesk
M/I Homes reported Q2 earnings of $4.12 per share, beating the analyst consensus estimate of $2.45 by 68.16%. However, this is a 13.99% decrease from the same period last year. The company also reported quarterly sales of $1.01 billion, beating the estimate of $822.80 million by 23.24%, but this is a 2.59% decrease from last year.
July 26, 2023 | 11:36 am
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
M/I Homes reported better than expected Q2 earnings and sales, but both figures are down from the same period last year.
While M/I Homes beat analyst estimates for Q2 earnings and sales, the year-over-year decrease in both figures could potentially offset any positive impact from the earnings beat. This could lead to a neutral short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100