MHO

M/I Homes reported Q3 2026 pretax income of $87 million while facing margin pressures from rising mortgage rate buydown costs, which reduced gross margins to 21.3%. The company's mortgage subsidiary achieved a 96% capture rate of homebuyer financing. Management deployed $50 million in share repurchases while maintaining strong cash reserves and a conservative balance sheet to weather market volatility.

M/I Homes reported quarterly earnings of $2.7 per share, missing consensus estimates of $3.05 and falling from $4.14 a year ago. The company also missed revenue expectations at $1.08 billion.

With unfavorable estimate revisions, M/I Homes received a Zacks Rank #5 (Strong Sell) rating. The homebuilding industry ranks in the bottom 5% of Zacks industries, suggesting broader sector weakness.

M/I Homes (MHO) closed down 1.99% and is rated a Strong Sell by Zacks. The homebuilder is expected to report a 26.33% year-over-year earnings decline and 3.31% revenue decrease in its upcoming Q3 2026 earnings release on October 21.

Full-year projections show an 18.59% earnings decline and 5.37% revenue decline. The Building Products - Home Builders industry ranks in the bottom 4% of sectors.

M/I Homes stock declined 2.05% to $132.00, underperforming the broader market which gained 0.66%. The homebuilder has fallen 9.11% over the past month and faces headwinds with projected Q3 earnings down 26.33% year-over-year and full-year earnings expected to decline 18.59%. The stock holds a Zacks Rank of #5 (Strong Sell) due to downward estimate revisions.

M/I Homes stock declined 1.17% on September 29, 2026, underperforming the broader market. The homebuilder faces headwinds with projected Q3 EPS down 26.33% year-over-year and full-year earnings expected to decline 18.59%.

The stock carries a Zacks Rank #4 (Sell) rating, with analyst estimates revised downward 3.96% over the past month. The home building industry ranks in the bottom 7% of all industries.

Garmin Ltd. (GRMN) was named Bull of the Day due to impressive revenue and earnings growth, strong momentum in its Fitness segment (up 32% in H1 2026), and a debt-free balance sheet. M/I Homes (MHO) was named Bear of the Day as the homebuilder faces headwinds from rising mortgage rates above 7% and a cooling housing market, with downward earnings revisions and a Zacks Rank #5 (Strong Sell). Micron Technology (MU) was also analyzed ahead of Q4 earnings, with strong AI-driven demand expected to support continued growth.