Key PointsKB Home had a solid quarter and raised guidance after backlogs showed sequential growth. Cash flow and capital returns are solid, improving shareholder value over the last twelve months. Analysts are raising their targets following the report, which may lead the stock to a new high. 5 stocks we like better than KB HomeKB Home’s NYSE: KBH stock price can increase in 2024 despite struggles with traction following the Q1 release. The company is firing on all cylinders and driving value for shareholde ...

KB Home (KBH) reported better-than-expected results in first-quarter fiscal 2024 (ended Feb 29, 2024). Both earnings and revenues beat the Zacks Consensus Estimate and rose on a year-over-year basis.Shares of this leading homebuilder gained 1.1% in the after-market trading session on Mar 20.Looking forward to the second quarter and full-year 2024, KBH foresees enhanced conditions in the housing market and ongoing positive trends in the supply chain. Leveraging the advantages of its Built to Order model, whi ...

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 (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 ...

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) 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 ...

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) 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 ...

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