KB Home (NYSE:KBH) stock is slipping today, despite better-than-expected fourth-quarter results, after the homebuilding name announced a decrease in home selling prices and the number of homes delivered. Plus, Seaport Research downgraded KBH  to "neutral" from "buy." No fewer than seven other analysts lifted their price targets, however, with the highest from UBS to $82. At last glance, KBH was down 3.6% at $60.91. Shares are falling from yesterday's roughly 18-year high of $64, but have added 70.6% in the ...

KB Home (KBH) reported better-than-expected results in fourth-quarter fiscal 2023 (ended Nov 30, 2023). Both the earnings and revenues beat the Zacks Consensus Estimate. With this, the company’s earnings and revenues surpassed the consensus mark in four consecutive quarters.Shares of this leading homebuilder lost 1.1% in the after-market trading session on Jan 10.Looking forward to the first quarter and the entirety of 2024, KBH foresees enhanced conditions in the housing market and ongoing positive trends ...

Key PointsKB Home had a better-than-expected quarter and gave favorable guidance. Shares are down on the news due to valuation, but a buy-the-dip opportunity is forming. Capital returns include an 11% YTD reduction in share count, with dividends and repurchases expected to remain strong in 2024. 5 stocks we like better than KB HomeKB Home NYSE: KBH is no high-yielding or hyper-growth stock, but there is more to capital returns and shareholder value than that. Despite numerous economic headwinds and widespre ...

KB Home (NYSE:KBH) Q4 2023 Earnings Conference Call January 10, 2024 5:00 PM ET Company Participants Jill Peters - SVP, IR Jeffrey Mezger - Chairman, President & CEO Robert McGibney - EVP & COO Jeff Kaminski - EVP & CFO Conference Call Participants John Lovallo - UBS Stephen Kim - Evercore ISI Alan Ratner - Zelman & Associates Matthew Bouley - Barclays Bank PLC Michael Rehaut - JPMorgan Jay McCanless - Wedbush Securities Susan McCleary - Goldman Sachs Alex Barron - Housing Research Center Joe Ahlersmeyer - ...

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) came out with quarterly earnings of $1.85 per share, beating the Zacks Consensus Estimate of $1.69 per share. This compares to earnings of $2.47 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 9.47%. A quarter ago, it was expected that this homebuilder would post earnings of $1.38 per share when it actually produced earnings of $1.80, delivering a surprise of 30.43%.Over the last four quarters, the company has su ...

Homebuilder KB Home on Wednesday said it had seen a “meaningful” increase in orders over the first several weeks of its first quarter, after a dip in mortgage rates last month made buying a home more attractive. “We have experienced a meaningful sequential increase in our net orders for the first five weeks of our 2024 first quarter, as consumers are responding favorably to the recent decline in mortgage rates,” Chief Executive Jeffrey Mezger said in the company’s fourth-quarter earnings release. “With ...

LOS ANGELES--(BUSINESS WIRE)--KB Home (NYSE: KBH) today reported results for its fourth quarter and year ended November 30, 2023. “We ended the year with solid fourth quarter results, outperforming on key financial metrics relative to our guidance, including homes delivered that exceeded our expectations, reflecting improved build times. In addition, we generated considerable cash flow and continued to return capital to shareholders, repurchasing a significant amount of our common stock at well-below boo ...

KB Home (KBH) is slated to report fourth-quarter fiscal 2023 results (ended Nov 30) on Jan 10, after market close.In the last reported quarter, its earnings and revenues beat the Zacks Consensus Estimate by 30.4% and 8.9%, respectively. On a year-over-year basis, revenues and earnings decreased.The company’s earnings topped analysts’ expectations in 28 of the trailing 31 quarters.Trend in Estimate RevisionFor the quarter to be reported, the Zacks Consensus Estimate for earnings has decreased to $1.67 per sh ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the quarterly period ended August 31, 2023. or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the transition period from [ ] to [ ]. Commission File No. 001-09195 KB HOME (Exact name of registrant as specified in its charter) Delaware 95-3666267 (State of incorporation) (IRS employer i ...