M/I Homes Q3 2024 GAAP EPS $5.10 Beats $4.86 Estimate, Sales $1.143B Beat $1.122B Estimate
Portfolio Pulse from Benzinga Newsdesk
M/I Homes reported Q3 2024 earnings per share of $5.10, surpassing the analyst estimate of $4.86. The company's sales reached $1.143 billion, exceeding the expected $1.122 billion and marking a 9.27% increase from the previous year.
October 30, 2024 | 11:34 am
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M/I Homes reported better-than-expected Q3 2024 earnings and sales, with EPS of $5.10 beating the $4.86 estimate and sales of $1.143 billion surpassing the $1.122 billion estimate. This reflects a 9.27% year-over-year sales increase.
The positive earnings surprise and year-over-year sales growth indicate strong performance, likely boosting investor confidence and positively impacting MHO's stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100