M/I Homes, Inc. (MHO)

M/I Homes’ preliminary third fiscal quarter of 2026 results, reported October 21, 2026, missed consensus on both the top and bottom line, with adjusted EPS of $2.70 trailing the $3.25 estimate (-16.9%) and revenue of $1.076 billion trailing the $1.106 billion estimate (-2.7%). On a year-over-year basis, revenue fell 4.9% to about $1.1 billion (from about $1.1 billion a year ago), reflecting results across its Northern Homebuilding, Southern Homebuilding, and Financial Services operations. Profitability was thinner, with gross margin at about 20.9% and operating margin near 7.7%, alongside gross profit of roughly $224.5 million and operating income of about $83.3 million. Net income declined 37.5% year over year to roughly $66.6 million (down from about $106.5 million), while adjusted EPS fell from $4.14 a year ago. Cash generation was also pressured, with negative operating cash flow of about $13.3 million. For the next period, consensus calls for EPS of $3.19 on revenue of $1.062 billion.