Stock Track | M/I Homes Plummets 5% Despite Solid Q4 and Record Annual Results

Stock Track

Jan 30, 2025

M/I Homes (NYSE: MHO), a leading homebuilder, saw its stock plummet by 5.07% in intraday trading on Wednesday, January 29th, despite reporting solid fourth-quarter and record annual results for 2024.

In the fourth quarter of 2024, M/I Homes reported earnings per share of $4.71, slightly missing the analyst consensus estimate of $4.83. However, the company's revenue for the quarter came in at $1.21 billion, surpassing the expected $1.17 billion.

For the full year 2024, M/I Homes achieved record revenue of $4.5 billion, up 12% from the previous year, and record net income of $563.7 million, reflecting a 21% increase year-over-year. The company's pre-tax income also rose 21% to $734 million, representing 16% of its revenue.

Despite these impressive financial results, M/I Homes' stock experienced a 5.07% plummet during intraday trading on Wednesday, potentially due to investors' concerns or profit-taking after the recent rally. However, the company's management remained optimistic about the industry's strong fundamentals, driven by favorable demographic trends and an undersupply of housing.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

1
2
3
4
5
6
7
8
9
10

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/1130705993"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"1130705993\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/1130705993?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-01-30 00:10","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1130705993","market":"us","top_or_hot":-1,"title":"Stock Track | M/I Homes Plummets 5% Despite Solid Q4 and Record Annual Results","media":"Stock Track","content":"<p>M/I Homes (NYSE: MHO), a leading homebuilder, saw its stock plummet by 5.07% in intraday trading on Wednesday, January 29th, despite reporting solid fourth-quarter and record annual results for 2024.</p>\n\n<p>In the fourth quarter of 2024, M/I Homes reported earnings per share of $4.71, slightly missing the analyst consensus estimate of $4.83. However, the company's revenue for the quarter came in at $1.21 billion, surpassing the expected $1.17 billion.</p>\n\n<p>For the full year 2024, M/I Homes achieved record revenue of $4.5 billion, up 12% from the previous year, and record net income of $563.7 million, reflecting a 21% increase year-over-year. The company's pre-tax income also rose 21% to $734 million, representing 16% of its revenue.</p>\n\n<p>Despite these impressive financial results, M/I Homes' stock experienced a 5.07% plummet during intraday trading on Wednesday, potentially due to investors' concerns or profit-taking after the recent rally. However, the company's management remained optimistic about the industry's strong fundamentals, driven by favorable demographic trends and an undersupply of housing.</p>","source":"ai_movement_en","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stock Track | M/I Homes Plummets 5% Despite Solid Q4 and Record Annual Results</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStock Track | M/I Homes Plummets 5% Despite Solid Q4 and Record Annual Results\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1086803395\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Stock Track </p>\n<p class=\"h-time\">2025-01-30 00:10</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>M/I Homes (NYSE: MHO), a leading homebuilder, saw its stock plummet by 5.07% in intraday trading on Wednesday, January 29th, despite reporting solid fourth-quarter and record annual results for 2024.</p>\n\n<p>In the fourth quarter of 2024, M/I Homes reported earnings per share of $4.71, slightly missing the analyst consensus estimate of $4.83. However, the company's revenue for the quarter came in at $1.21 billion, surpassing the expected $1.17 billion.</p>\n\n<p>For the full year 2024, M/I Homes achieved record revenue of $4.5 billion, up 12% from the previous year, and record net income of $563.7 million, reflecting a 21% increase year-over-year. The company's pre-tax income also rose 21% to $734 million, representing 16% of its revenue.</p>\n\n<p>Despite these impressive financial results, M/I Homes' stock experienced a 5.07% plummet during intraday trading on Wednesday, potentially due to investors' concerns or profit-taking after the recent rally. However, the company's management remained optimistic about the industry's strong fundamentals, driven by favorable demographic trends and an undersupply of housing.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"MHO","symbol_name":"MI 家居","start_time":0,"source_url":"","article_id":"1130705993","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1130705993","pubTimestamp":1738167055,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"M/I Homes , a leading homebuilder, saw its stock plummet by 5.07% in intraday trading on Wednesday, January 29th, despite reporting solid fourth-quarter and record annual results for 2024.In the fourth quarter of 2024, M/I Homes reported earnings per share of $4.71, slightly missing the analyst consensus estimate of $4.83. However, the company's revenue for the quarter came in at $1.21 billion, surpassing the expected $1.17 billion.For the full year 2024, M/I Homes achieved record revenue of $4.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"MHO":"MI 家居"},"translate_title":"尽管第四季度业绩稳健且年度业绩创纪录，但M/I Homes股票仍暴跌5%","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"MHO":1},"content_text":"M/I Homes (NYSE: MHO), a leading homebuilder, saw its stock plummet by 5.07% in intraday trading on Wednesday, January 29th, despite reporting solid fourth-quarter and record annual results for 2024.\nIn the fourth quarter of 2024, M/I Homes reported earnings per share of $4.71, slightly missing the analyst consensus estimate of $4.83. However, the company's revenue for the quarter came in at $1.21 billion, surpassing the expected $1.17 billion.\nFor the full year 2024, M/I Homes achieved record revenue of $4.5 billion, up 12% from the previous year, and record net income of $563.7 million, reflecting a 21% increase year-over-year. The company's pre-tax income also rose 21% to $734 million, representing 16% of its revenue.\nDespite these impressive financial results, M/I Homes' stock experienced a 5.07% plummet during intraday trading on Wednesday, potentially due to investors' concerns or profit-taking after the recent rally. However, the company's management remained optimistic about the industry's strong fundamentals, driven by favorable demographic trends and an undersupply of housing.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"movement","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}