M/I Homes Q1 2024 GAAP EPS $4.78 Beats $3.96 Estimate, Sales $1.046B Beat $1.005B Estimate
Portfolio Pulse from Benzinga Newsdesk
M/I Homes (NYSE:MHO) reported Q1 2024 earnings of $4.78 per share, surpassing the $3.96 estimate, a 31.32% increase from last year. Sales reached $1.046B, beating the $1.005B estimate, marking a 4.54% increase from the previous year.
April 24, 2024 | 11:32 am
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M/I Homes reported a significant beat on both earnings per share and sales for Q1 2024, indicating strong financial performance.
Beating both EPS and sales estimates by a notable margin suggests M/I Homes is outperforming expectations, which could lead to positive investor sentiment and a potential increase in stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100