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M/I Homes (NYSE:MHO) announces its next round of earnings this Tuesday, February 02. Here is Benzinga's look at M/I Homes's Q4 earnings report.
Net Income, Earnings, And Earnings Per Share
Earnings and especially earnings per share (EPS) are useful measures of a company's profitability. Total earnings, which is also referred to as net income, equals total revenue minus total expenses. EPS equals to net income divided by the number of shares outstanding.
Earnings And Revenue
Wall Street expects EPS of $2.42 and sales around $961.99 million. M/I Homes reported a per-share profit of $1.57 when it published results during the same quarter last year. Sales in that period totaled $742.15 million.
Why Analyst Estimates And Earnings Surprises Are Important
Wall Street analysts who study this company will publish analyst estimates of revenue and EPS. The averages of all analyst EPS and revenue estimates are called the "consensus estimates"; these consensus estimates can have a significant effect on a company's performance during an earnings release. When a company posts earnings or revenue above or below a consensus estimate, it has posted an "earnings surprise", which can really move a stock depending on the difference between actual and estimated values.
If the company were to match the consensus estimate, earnings would be up 54.14%. Sales would be up 29.62% on a year-over-year basis. The company's reported EPS has stacked up against analyst estimates in the past like this:
Over the last 52-week period, shares of M/I Homes are up 11.52%.
Do not be surprised to see the stock move on comments made during its conference call. M/I Homes is scheduled to hold the call at 16:00:00 ET and can be accessed here.
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