Exhibit 99.1 FOR RELEASE, Tuesday, September 24, 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 THIRD QUARTER RESULTS Revenues Increased 10% to $1.75 Billion; Diluted Earnings Per Share Up 13% to $2.04 Repurchased $150.0 Million of Common Stock LOS ANGELES (September 24, 2024) — KB Home (NYSE: KBH) today reported results for its third quarter end ...

KB Home (KBH) is slated to report third-quarter fiscal 2024 results (ended Aug. 31) on Sept. 24, after the closing bell.In the last reported quarter, KB Home's earnings and revenues beat the Zacks Consensus Estimate by 20.8% and 4.3%, respectively. On a year-over-year basis, earnings increased 11% on 3.4% lower revenues.The company’s earnings topped analysts’ expectations in 31 of the trailing 34 quarters.How Are Estimates Placed for KBH?For the quarter to be reported, the Zacks Consensus Estimate for earni ...

KB Home KBH will release earnings results for its third quarter, after the closing bell on Tuesday.Analysts expect the Los Angeles-based company to report quarterly earnings at $2.06 per share. That’s up from $1.80 per share in the year-ago period. KB Home projects quarterly revenue of $1.73 billion, according to data from Benzinga Pro.On Sept. 19, Bank of America Securities analyst Rafe Jadrosich maintained KB Home with a Neutral rating and raised the price target from $75 to $90.With the recent buzz aroun ...

Core Viewpoint - KB Home is set to release its third-quarter earnings results on September 24, with expectations of increased earnings and revenue compared to the previous year [1][2]. Earnings Expectations - Analysts anticipate KB Home will report quarterly earnings of $2.06 per share, an increase from $1.80 per share in the same period last year [2]. - The projected quarterly revenue for KB Home is $1.73 billion [2]. Dividend Information - On July 18, KB Home's board declared a quarterly cash dividend of 25 cents per share on its common stock [2]. Stock Performance - KB Home shares experienced a decline of 2.7%, closing at $87.23 on the previous Friday [2]. Analyst Ratings - KB Home has a consensus rating of 67.6 based on 21 analysts [2]. - Recent analyst ratings include: - B of A Securities maintained a Neutral rating and raised the price target from $75 to $90 [2]. - Wedbush reiterated a Neutral rating with a price target of $67 [2]. - Wells Fargo maintained an Equal-Weight rating and increased the price target from $70 to $80 [2]. - RBC Capital downgraded the stock from Sector Perform to Underperform with a price target of $70 [2]. - Goldman Sachs maintained a Neutral rating and raised the price target from $72 to $82 [2].

Wall Street analysts forecast that KB Home (KBH) will report quarterly earnings of $2.04 per share in its upcoming release, pointing to a year-over-year increase of 13.3%. It is anticipated that revenues will amount to $1.73 billion, exhibiting an increase of 8.8% compared to the year-ago quarter.The consensus EPS estimate for the quarter has been revised 0.2% higher over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial esti ...

Investors are always looking for stocks that are poised to beat at earnings season and KB Home (KBH) may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report.That is because KB Home is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. After all, analysts raising estimates right before earnings — with the most up-to-date information possible — is a pretty good indicator of s ...

Joe Hendrickson One industry that I have been very bullish about for well over a year now is the homebuilding industry. Estimates vary, but usually the consensus is that this country is suffering from a shortage of between 4 million and 7 million homes. Until this shortage is reduced significantly, I would argue that the housing market would be quite attractive for investors. And one company that I have been bullish on during this time, and actually longer, is KB Home (NYSE:KBH). KB Home Overwhelmingly, ...

Company Performance - KB Home's stock closed at $79.71, reflecting a -0.98% change from the previous day, underperforming the S&P 500 which gained 1.07% [1] - Over the past month, KB Home's shares increased by 0.12%, lagging behind the Construction sector's gain of 2.28% and the S&P 500's gain of 2.92% [1] - The upcoming earnings report on September 24, 2024, is expected to show an EPS of $2.04, representing a 13.33% growth year-over-year, with revenue projected at $1.73 billion, an 8.88% increase from the same quarter last year [1] Annual Forecast - Zacks Consensus Estimates predict KB Home's earnings for the year to be $8.38 per share and revenue at $6.84 billion, indicating increases of +19.2% and +6.68% respectively compared to the previous year [2] - Recent modifications to analyst estimates reflect short-term business trends, with upward revisions indicating analysts' positive outlook on the company's profitability [2] Valuation Metrics - KB Home currently has a Zacks Rank of 2 (Buy), with a Forward P/E ratio of 9.6, consistent with the industry average [3] - The company has a PEG ratio of 0.81, compared to the industry average PEG ratio of 0.96, indicating a favorable growth outlook relative to its valuation [3] Industry Context - The Building Products - Home Builders industry is ranked 27 in the Zacks Industry Rank, placing it in the top 11% of over 250 industries [4] - Strong industry performance is indicated by the Zacks Industry Rank, which shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [4]

Core Insights - KB Home (KBH) has a stronger Zacks Rank of 2 (Buy) compared to D.R. Horton (DHI) which has a Zacks Rank of 3 (Hold), indicating a better earnings outlook for KBH [1] - Value investors utilize various valuation metrics to assess whether a company is undervalued, with KBH showing more favorable metrics than DHI [2] Valuation Metrics - KBH has a forward P/E ratio of 9.60, significantly lower than DHI's forward P/E of 13.37, suggesting KBH is more attractively priced [2] - The PEG ratio for KBH is 0.81, while DHI's PEG ratio is 0.87, indicating that KBH offers better value relative to its expected earnings growth [2] - KBH's P/B ratio stands at 1.52, compared to DHI's P/B of 2.43, further supporting the argument that KBH is undervalued [2] Overall Value Assessment - Based on the valuation metrics, KBH earns a Value grade of A, while DHI receives a Value grade of C, highlighting KBH as the superior value option at this time [3]

KB Home (KBH) closed at $78.86 in the latest trading session, marking a -1.45% move from the prior day. The stock fell short of the S&P 500, which registered a loss of 0.3% for the day. Meanwhile, the Dow lost 0.54%, and the Nasdaq, a tech-heavy index, added 0.25%.Heading into today, shares of the homebuilder had gained 3.49% over the past month, outpacing the Construction sector's gain of 0.95% and the S&P 500's gain of 3.42% in that time.The investment community will be closely monitoring the performance ...