Replies to post #71656 on Savvy Trades and Investments

[researcher59]

MHO out with a very strong Q1 report this morning -

briefing -

M/I Homes beats single estimate handily, beats on revs (23.28)

Reports Q1 (Mar) earnings of $1.09 per share, $0.38 better than the single analyst estimate of $0.71; revenues rose 20.1% year/year to $577.6 mln vs the $511.8 mln single analyst estimate.
Homes delivered increased 26% to a Q1 record of 1,495 homes.
"The pandemic first began impacting our results in the second half of March. New contracts in the last of half of March were 50% below prior year levels. New contracts during the first three weeks of April have improved and are 35% below the comparable period in 2019....we are confident that we will navigate through this very challenging environment."