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KB Home(KBH) - 2024 Q1 - Earnings Call Presentation
2024-03-21 00:45
Forward-Looking Statements Items in this presentation, and statements by KB Home management in relation to this presentation or otherwise, may be “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward- looking statements are based on current (at the time made) expectations and projections about future events and are subject to risks, uncertainties, and assumptions about our operations, economic and market factors, and the homebuilding industry, among ...
KB Home(KBH) - 2024 Q1 - Earnings Call Transcript
2024-03-21 00:45
KB Home (NYSE:KBH) Q1 2024 Earnings Conference Call March 20, 2024 5:00 PM ET Company Participants Jill Peters - Senior Vice President, Investor Relations Jeff Mezger - Chairman and CEO Rob McGibney - President and COO Jeff Kaminski - Executive Vice President and CFO Bill Hollinger - Senior Vice President and CAO Thad Johnson - Senior Vice President and Treasurer Conference Call Participants Elizabeth Langan - Barclays Stephen Kim - Evercore ISI Alan Ratner - Zelman & Associates John Lovallo - UBS Susan McC ...
Compared to Estimates, KB Home (KBH) Q1 Earnings: A Look at Key Metrics
Zacks Investment Research· 2024-03-20 23:01
For the quarter ended February 2024, KB Home (KBH) reported revenue of $1.47 billion, up 6% over the same period last year. EPS came in at $1.76, compared to $1.45 in the year-ago quarter.The reported revenue represents a surprise of +1.18% over the Zacks Consensus Estimate of $1.45 billion. With the consensus EPS estimate being $1.56, the EPS surprise was +12.82%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectati ...
KB Home (KBH) Surpasses Q1 Earnings and Revenue Estimates
Zacks Investment Research· 2024-03-20 22:20
KB Home (KBH) came out with quarterly earnings of $1.76 per share, beating the Zacks Consensus Estimate of $1.56 per share. This compares to earnings of $1.45 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 12.82%. A quarter ago, it was expected that this homebuilder would post earnings of $1.69 per share when it actually produced earnings of $1.85, delivering a surprise of 9.47%.Over the last four quarters, the company has su ...
KB Home(KBH) - 2024 Q1 - Quarterly Results
2024-03-20 20:20
Exhibit 99.1 FOR RELEASE, Wednesday, March 20, 2024 For Further Information: 1:10 p.m. Pacific Time Jill Peters, Investor Relations Contact (310) 893-7456 or jpeters@kbhome.com Cara Kane, Media Contact (321) 299-6844 or ckane@kbhome.com KB HOME REPORTS 2024 FIRST QUARTER RESULTS Revenues Grew 6% to $1.47 Billion; Diluted Earnings Per Share Increased 21% to $1.76 Net Orders Up 55%; Net Order Value Increased 58% to $1.58 billion Repurchased $50 Million of Common Stock LOS ANGELES (March 20, 2024) — KB Home (N ...
KB Home (KBH) to Report Q1 Earnings: What's in the Offing?
Zacks Investment Research· 2024-03-19 16:16
KB Home (KBH) is slated to report first-quarter fiscal 2024 results (ended Feb 29) on Mar 20, 2024, after market close.In the last reported quarter, its earnings and revenues beat the Zacks Consensus Estimate by 9.5% and 4.1%, respectively. On a year-over-year basis, revenues and earnings decreased 13.7% and 25.1%, respectively.The company’s earnings topped analysts’ expectations in 29 of the trailing 32 quarters.Trend in Estimate RevisionFor the quarter to be reported, the Zacks Consensus Estimate for earn ...
KB Home (KBH) is a Top-Ranked Value Stock: Should You Buy?
Zacks Investment Research· 2024-03-19 14:41
Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both.The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens.Zacks Premium also includes the Zacks Style Scores.What are the Zacks Style Scores?Developed alongs ...
Why Fast-paced Mover KB Home (KBH) Is a Great Choice for Value Investors
Zacks Investment Research· 2024-03-19 13:51
Momentum investing is essentially an exception to the idea of "buying low and selling high." Investors following this style of investing are usually not interested in betting on cheap stocks and waiting long for them to recover. Instead, they believe that "buying high and selling higher" is the way to make far more money in lesser time.Everyone likes betting on fast-moving trending stocks, but it isn't easy to determine the right entry point. These stocks often lose momentum when their future growth potenti ...
KB Home Announces the Grand Opening of Its Newest Community in Lakeland, Florida
Businesswire· 2024-03-18 12:00
ORLANDO, Fla.--(BUSINESS WIRE)--KB Home (NYSE: KBH) today announced the grand opening of Wilder Pines, its latest new-home community in Lakeland. These new homes are designed for the way people live today, with popular interior features like modern kitchens overlooking large great rooms and expansive bedroom suites with walk-in closets. The community’s one- and two-story floor plans feature up to five bedrooms and three baths. What sets KB Home apart is the company’s focus on building strong, personal re ...
KB Home Announces the Grand Opening of Its Newest Gated Community Within Orchard Hills, a Premier Master Plan in Irvine, California
Businesswire· 2024-03-15 20:15
IRVINE, Calif.--(BUSINESS WIRE)--KB Home (NYSE: KBH) today announced the grand opening of Fresco in the Reserve at Orchard Hills, its newest gated community within the world-renowned Irvine Ranch master plan in Irvine, California. The new homes are designed for the way people live today, with popular interior features like modern kitchens overlooking large great rooms, bedroom suites with walk-in closets, and ample storage space. The community’s floor plans feature up to five bedrooms and four-and-a-half ba ...