M/I Homes, Inc. MHO is scheduled to report third-quarter 2021 results on Oct 27, before market open.In the last reported quarter, the company’s sales and earnings beat the Zacks Consensus Estimate by 25.9% and 64.2%, increasing 34.6% and 89.4% on a year-over-year basis, respectively. Markedly, the company beat earnings expectations in the last four quarters, the average being 63%. The upside was driven by robust demand for new homes, given the continuous momentum in housing market.Trend in Estimate RevisionFor the quarter to be reported, the Zacks Consensus Estimate for earnings per share has moved 34.5% up to $3.55 over the past 90 days. Also, the estimated figure indicates an increase of 41.4% from $2.51 per share reported in the year-ago quarter. The consensus mark for revenues is pegged at $975.6 million, suggesting 15.1% growth from the year-ago reported figure of $847.9 million.Factors to ConsiderM/I Homes’ Homebuilding revenues for third-quarter 2021 are expected to have increased from the year-ago basis, backed by the company’s record backlog level and resilient housing market conditions. The company’s revenues are expected to improve for the quarter to be reported, backed by an increased number of home deliveries.Furthermore, the higher average selling price of homes delivered is expected to have contributed to its top line. The imbalance in demand and supply of homes and rising material costs prompted builders to raise prices. Additionally, significant operating momentum coupled with strong brand-building efforts is likely to have driven the company’s performance in third-quarter 2021.The Zacks Consensus Estimate for average home closing price of home deliveries for third-quarter 2021 is pegged at $413 million, suggesting an increase of 0.5% sequentially and 8.7% year over year. The consensus estimate for Homebuilding Revenue is pegged at $951 million, indicating 16.1% growth year over year. Notably, the Zacks Consensus Estimate for homes in backlog for the third quarter is pegged at 5,395 units, suggesting a 1.7% sequential decline from 5,488 homes. Nonetheless, the estimated figure calls for 19.8% growth year over year.However, higher land and raw material costs are likely to reflect on the company’s third-quarter results. MI Homes, Inc. Price and EPS Surprise MI Homes, Inc. price-eps-surprise | MI Homes, Inc. QuoteWhat Our Model IndicatesOur proven model does not conclusively predict an earnings beat for M/I Homes this time around. That is because a stock needs to have both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) for this to happen. Unfortunately, that is not the case here, as you will see below.Earnings ESP: Earnings ESP for M/I Homes is 0.00%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.Zacks Rank: The company currently has a Zacks Rank #3. You can see the complete list of today’s Zacks #1 Rank stocks here.Stocks With Favorable CombinationHere are some companies in the Zacks Construction sector, which according to our model, have the right combination of elements to post an earnings beat in the quarters to be reported.KBR, Inc. KBR has an Earnings ESP of +2.66% and carries a Zacks Rank #2.Otis Worldwide Corporation OTIS has an Earnings ESP of +0.91% and a Zacks Rank #3.Martin Marietta Materials, Inc. MLM has an Earnings ESP of +0.37% and a Zacks Rank #3. Zacks Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. You know this company from its past glory days, but few would expect that it's poised for a monster turnaround. Fresh from a successful repositioning and flush with A-list celeb endorsements, it could rival or surpass other recent Zacks' Stocks Set to Double like Boston Beer Company which shot up +143.0% in a little more than 9 months and Nvidia which boomed +175.9% in one year.Free: See Our Top Stock and 4 Runners Up >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report KBR, Inc. (KBR): Free Stock Analysis Report Martin Marietta Materials, Inc. (MLM): Free Stock Analysis Report MI Homes, Inc. (MHO): Free Stock Analysis Report Otis Worldwide Corporation (OTIS): Free Stock Analysis Report To read this article on Zacks.com click here.