M/I Homes Q2 2024 GAAP EPS $5.12 Beats $4.59 Estimate, Sales $1.1B Beat $1.057B Estimate
Portfolio Pulse from Benzinga Newsdesk
M/I Homes (NYSE:MHO) reported Q2 2024 earnings per share (EPS) of $5.12, surpassing the analyst consensus estimate of $4.59 by 11.55%. The company also reported quarterly sales of $1.1 billion, exceeding the estimate of $1.057 billion by 4.04%. This represents an 8.48% increase over the same period last year.
July 30, 2024 | 11:31 am
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M/I Homes reported strong Q2 2024 results, with EPS and sales both beating analyst estimates. EPS was $5.12, 11.55% above the estimate, and sales were $1.1 billion, 4.04% above the estimate. Sales increased by 8.48% year-over-year.
The strong earnings and sales performance, both exceeding analyst expectations, are likely to positively impact MHO's stock price in the short term. The year-over-year sales growth further supports a positive outlook.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100