M/I Homes Reports Lower-Than-Expected Q4 Earnings
COLUMBUS, Ohio (AP) – M/I Homes Inc. (MHO) announced a net income of $133.5 million for the fourth quarter, representing a 2.04% decline. Earnings per share (EPS) were reported at $4.71, falling short of the Zacks Investment Research analysts' consensus estimate of $4.83.
Despite the EPS shortfall, M/I Homes exceeded revenue expectations, generating $1.21 billion in the quarter. This outpaced the Zacks consensus estimate of $1.17 billion. The company's annual revenue reached $4.5 billion, while profit totaled $563.7 million, or $19.71 EPS.
This article was automatically generated using data from Zacks Investment Research. Access the full Zacks stock report on MHO at https://www.zacks.com/ap/MHO.