M/I Homes Misses Where it Counts

Seth Jayson, The Motley Fool
Updated

M/I Homes (NYS: MHO) reported earnings on Jan. 31. Here are the numbers you need to know.

The 10-second takeaway
 For the quarter ended Dec. 31 (Q4), M/I Homes met expectations on revenues and missed estimates on earnings per share.

Compared to the prior-year quarter, revenue increased significantly and GAAP earnings per share grew.


Margins expanded across the board.

Revenue details
 M/I Homes logged revenue of $250.9 million. The two analysts polled by S&P Capital IQ predicted a top line of $253.9 million on the same basis. GAAP reported sales were 42% higher than the prior-year quarter's $176.8 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
 EPS came in at $0.23. The one earnings estimate compiled by S&P Capital IQ forecast $0.29 per share. GAAP EPS were $0.23 for Q4 compared to -$0.16 per share for the prior-year quarter.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
 For the quarter, gross margin was 19.6%, 120 basis points better than the prior-year quarter. Operating margin was 4.4%, 130 basis points better than the prior-year quarter. Net margin was 2.0%, 370 basis points better than the prior-year quarter.

Looking ahead
 Next quarter's average estimate for revenue is $176.2 million.

Next year's average estimate for revenue is $906.3 million. The average EPS estimate is $0.92.

Investor sentiment
 The stock has a one-star rating (out of five) at Motley Fool CAPS, with 148 members out of 358 rating the stock outperform, and 210 members rating it underperform. Among 116 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 47 give M/I Homes a green thumbs-up, and 69 give it a red thumbs-down.

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The article M/I Homes Misses Where it Counts originally appeared on Fool.com.

Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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