Core Viewpoint - KB Home has shown a strong stock performance recently, outperforming both the S&P 500 and its industry peers, raising questions about its future trajectory [1] Earnings Estimate Revisions - KB Home is projected to report earnings of $1.69 per share for the current quarter, reflecting a year-over-year increase of +16.6% [2] - The consensus earnings estimate for the current fiscal year stands at $7.59, indicating an +8% change from the previous year, while the next fiscal year's estimate is $8.38, showing a +10.5% increase [3] Revenue Growth Forecast - The consensus sales estimate for the current quarter is $1.45 billion, representing a year-over-year growth of +4.8% [5] - For the current fiscal year, revenue estimates are $6.69 billion (+4.4%), and for the next fiscal year, $7.33 billion (+9.6%) [5] Last Reported Results and Surprise History - In the last reported quarter, KB Home generated revenues of $1.67 billion, a decrease of -13.7% year-over-year, with an EPS of $1.85 compared to $2.47 a year ago [6] - The company exceeded consensus revenue estimates by +4.11% and EPS estimates by +9.47% [6][7] Valuation - KB Home's valuation metrics suggest it is trading at a discount compared to its peers, as indicated by a Zacks Value Style Score of A [9] Bottom Line - The Zacks Rank 2 for KB Home suggests potential for outperformance in the near term, indicating it may be worth monitoring amidst market buzz [10]

SAN JACINTO, Calif.--(BUSINESS WIRE)--KB Home (NYSE: KBH) today announced the grand opening of its newest community, Rancho Madrina in San Jacinto, 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. Rancho Madrina’s one- and two-story homes offer up to six bedrooms and three baths. The oversized homesites provide space for large backyards and opt ...

Company Performance - KB Home shares have increased by 7% over the past month, reaching a new 52-week high of $64.21 [1] - The company has reported positive earnings surprises for the last four quarters, with the latest EPS of $1.85 exceeding the consensus estimate of $1.69 [2] - For the current fiscal year, KB Home is projected to achieve earnings of $7.59 per share on revenues of $6.69 billion, reflecting a 7.97% increase in EPS and a 4.35% increase in revenues [2] Valuation Metrics - The stock trades at 8.4 times the current fiscal year EPS estimates, below the peer industry average of 9 times [4] - The trailing cash flow basis shows the stock trading at 8 times, matching the peer group's average [4] - KB Home has a PEG ratio of 0.77, indicating it is not among the top echelon of stocks from a value perspective [4] Zacks Rank and Style Scores - KB Home holds a Zacks Rank of 2 (Buy) due to rising earnings estimates, suggesting potential for further gains [5] - The company has a Value Score of A, a Growth Score of A, and a Momentum Score of F, resulting in a combined VGM Score of A [3] Industry Comparison - The Building Products - Home Builders industry is performing well, ranking in the top 7% of all industries [6] - Toll Brothers Inc. is a notable competitor with a Zacks Rank of 1 (Strong Buy) and strong earnings performance, expected to post earnings of $12.82 per share on revenues of $9.94 billion [6] - Toll Brothers shares have gained 13% over the past month, trading at a forward P/E of 8.68 times and a P/CF of 8.26 times [6]

RIVERSIDE, Calif.--(BUSINESS WIRE)--KB Home (NYSE: KBH) today announced the grand opening of its newest community, Argento at Citrine, in Riverside, California’s highly desirable Orangecrest neighborhood. 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. Argento at Citrine’s single-story homes offer up to four bedrooms and two baths. Homeowners will appreci ...

LAS VEGAS--(BUSINESS WIRE)--KB Home (NYSE: KBH) today announced the grand opening of its newest community, Quail Cove at Las Vegas’ highly desirable Summerlin master plan. 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, ample storage space and balconies with scenic views. Quail Cove at Summerlin’s three-story homes offer up to four bedrooms and three-and-a-half baths. Homeowners ...

The U.S. homebuilding industry has been suffering for a long time as higher raw material costs and soaring mortgage rates are keeping buyers away from the housing market. Sky-high inflation saw the Federal Reserve aggressively hike interest rates since March 2022, which sent mortgage rates to two-decade highs.The homebuilding industry started to rebound after the Federal Reserve halted its interest rate hike for the first time in July 2023. It got a further boost at the end of October as the central bank le ...

KB Home (KBH) closed at $61.69 in the latest trading session, marking a +0.69% move from the prior day. The stock outperformed the S&P 500, which registered a daily loss of 0.6%. At the same time, the Dow lost 0.17%, and the tech-heavy Nasdaq lost 0.92%.Coming into today, shares of the homebuilder had lost 2.7% in the past month. In that same time, the Construction sector gained 4.17%, while the S&P 500 gained 3.56%.Analysts and investors alike will be keeping a close eye on the performance of KB Home in it ...

Growth stocks are attractive to many investors, as above-average financial growth helps these stocks easily grab the market's attention and produce exceptional returns. However, it isn't easy to find a great growth stock.In addition to volatility, these stocks carry above-average risk by their very nature. Also, one could end up losing from a stock whose growth story is actually over or nearing its end.However, the task of finding cutting-edge growth stocks is made easy with the help of the Zacks Growth Sty ...

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the broader market. Value investors use fundamental analysis and traditional va ...

KB Home (KBH) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.Shares of this homebuilder have returned -0.1% over the past month versus the Zacks S&P 500 composite's +5.2% change. The Zacks Building Products - Home Builders industry, to which KB Home belongs, has lost 1.1% over this period. Now the key question is: Where could the stock be headed in the near term?Although media reports ...