M/I Homes Down 3.62% To $130.26 After Earnings

reported that it broke-even during the quarter.

Revenues were downbeat at $0.00. Keep in mind that the revenues reported were on an adjusted basis, so they may not be directly comparable to estimates and prior periods.

The stock is down 3.62% to $130.26 after the report.

The firm's lower revenue growth to earnings signals that the firm has been able to reduce costs and improve its profit margin overall.

Wall Street Analysts had an average rating of Hold on the stock prior to the report.

Trading in the five days leading up to the report earned M/I Homes a Bullish Sentiment Rank from InvestorsObserver.

M/I Homes has been a strong performer over the past few months, garnering a high Long-Term Technical Rank by InvestorsObserver of 90, putting M/I Homes in the top 25% of stocks. The firm was recently trading at a 52-week high of $140.73 on December 29, 2023 and set a 52-week low on February 21, 2023 at $54.55.

M/I Homes Inc is an American construction company that focuses on residential construction. It consists of two distinct operations: homebuilding and financial services. The homebuilding operations are spread into the Midwest, Mid-Atlantic and Southern regions and the financial services operations support homebuilding operations by providing mortgage loans and title services to the customers of homebuilding operations. The homebuilding operations comprise the most significant portion of the revenue. The company builds homes and communities that target entry-level, move-up, and luxury homebuyers.