M/I Homes Q4 2023 GAAP EPS $3.66 Misses $4.94 Estimate, Sales $972.60 Miss $1.19B Estimate
Portfolio Pulse from Benzinga Newsdesk
M/I Homes reported Q4 2023 earnings with a GAAP EPS of $3.66, falling short of the expected $4.94. Sales were also below expectations at $972.60 million compared to the estimated $1.19 billion.
January 31, 2024 | 12:31 pm
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NEGATIVE IMPACT
M/I Homes' Q4 earnings missed analyst estimates with a lower-than-expected GAAP EPS and sales, which could negatively impact investor sentiment.
Missing both EPS and sales estimates for Q4 is a significant negative signal for investors, likely leading to a decrease in stock price in the short term as the market adjusts to the new information.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100