Company Performance - KB Home stock increased by 6.1% to $67.98 following a positive forecast for higher housing revenue in 2025 [1] - The company reported Q4 earnings of $2.52 per share on $2 billion revenue, surpassing analyst estimates of $2.45 per share on $1.99 billion [1] - Year-over-year, the stock has risen by 10% [3] Analyst Sentiment - KBH received two price-target cuts and two price-target hikes from analysts [2] - The 12-month consensus price target is $78, representing a 17% premium to current levels [2] - Majority of analysts are bearish, with 13 out of 16 maintaining a "hold" or worse rating [2] Market Activity - KB Home stock has been consolidating around $65 since a pullback in December [3] - The stock broke above its 10- and 20-day moving averages but faces resistance at the 40-day trendline [3] - Options activity surged, with KBH seeing 4.1 times its average daily options volume, particularly at the January 70 call [3]

Financial Data and Key Metrics - The company reported its Q4 2024 earnings and full-year fiscal 2024 results during the conference call [3] Business Line Data and Key Metrics - No specific data or metrics related to individual business lines were mentioned in the provided content [1][2][3][4] Market Data and Key Metrics - No specific data or metrics related to individual markets were mentioned in the provided content [1][2][3][4] Company Strategy and Industry Competition - No specific details on company strategy, development direction, or industry competition were mentioned in the provided content [1][2][3][4] Management Commentary on Operating Environment and Future Outlook - No specific commentary from management on the operating environment or future outlook was mentioned in the provided content [1][2][3][4] Other Important Information - The call included forward-looking statements under the Private Securities Litigation Reform Act of 1995, with the company noting that these statements are not guarantees of future results and that the company does not undertake any obligation to update them [4] Q&A Session Summary - No Q&A session details were provided in the content [1][2][3][4]

Market Performance - Dow gained +358 points, +0.86%, and S&P 500 gained +9 points, +0.16%, while Nasdaq fell -73 points, -0.38% [1] - Russell 2000 small-cap index gained +5 points, +0.24% [1] - Over the past six months, Russell 2000 is up +0.3% and Dow is up +5.2% [2] - 10-year bond yield rose to +4.792% and 2-year bond yield rose to +4.396% [2] Natural Disaster Impact - Property damage estimates from Los Angeles fires increased from $150 billion to $270 billion, potentially the worst natural disaster in U.S. history by property value [3] - Insurers expected to raise prices due to the disaster [3] Company Performance - KB Home (KBH) reported Q4 earnings of $2.52 per share, beating consensus by 7 cents, and quarterly revenues of $2.0 billion, exceeding consensus of $1.99 billion [4] - KB Home's year-over-year revenue growth was +19% [4] - Deliveries increased +17% year-over-year to 3978 units, with Average Selling Price up +3% [5] - KBH shares rose +8% in late trading, offsetting a -3.7% year-to-date decline [5] Economic Indicators - Producer Price Index (PPI) expected to show +0.4% month-over-month headline increase and +0.3% core increase [6] - Year-over-year PPI was +3.0% a month ago, with core at +3.4%, the highest levels in the past 12 months [6] - Beige Book expected to show slight improvements in most regions, with public addresses from Fed Presidents John Williams and Jeffrey Schmid [7]

For the quarter ended November 2024, KB Home (KBH) reported revenue of $2 billion, up 19.5% over the same period last year. EPS came in at $2.52, compared to $1.85 in the year-ago quarter.The reported revenue represents a surprise of +0.39% over the Zacks Consensus Estimate of $1.99 billion. With the consensus EPS estimate being $2.45, the EPS surprise was +2.86%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectatio ...

Exhibit 99.1 FOR RELEASE, Monday, January 13, 2025 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 LOS ANGELES (January 13, 2025) — KB Home (NYSE: KBH) today reported results for its fourth quarter and year ended November 30, 2024. "We had a strong finish to 2024, with significant year-over-year growth in our fourth-quarter revenues and diluted earnings per share. Our high ...

Earnings Report and Expectations - KB Home is scheduled to report Q4 fiscal 2024 results on January 9, after market close [1] - In the last quarter, adjusted earnings met consensus estimates while revenues exceeded by 1.5%, with both metrics increasing year-over-year [2] - Earnings have topped consensus estimates in three of the last four quarters, with an average surprise of 10.8% [2] Earnings and Revenue Trends - The Zacks Consensus Estimate for Q4 adjusted earnings has been revised downward to $2.45 per share from $2.47, but still indicates a 32.4% increase from the year-ago quarter's $1.85 per share [3] - Revenue consensus estimate is $1.99 billion, a 19% increase from the prior-year quarter [3] Revenue Drivers - Revenue growth is expected due to strong demand for affordably priced personalized homes and improving housing market trends, including homebuyers adjusting to new mortgage rates and an improved job environment [4] - Housing revenues are anticipated to be between $1.94-$2.04 billion, up from $1.66 billion a year ago, with an average selling price (ASP) of $510,000, up from $487,300 [5] - Model predicts housing revenues to increase 18.6% year-over-year to $1.97 billion, with ASP rising 5% to $511,600 and home deliveries increasing 13% to 3,850 units [6] Margins and Costs - Higher construction and land costs may pressure margins, but initiatives like the Returns-Focused Growth Plan and Built-to-Order approach are expected to offset these challenges [7] - Homebuilding operating margin is expected to be between 11.4% and 11.8%, up from 10.9% a year ago [8] - Housing gross margin is projected to be 21-21.4%, up from 20.8%, with SG&A expenses as a percentage of housing revenues likely to decrease to 9.6% from 9.9% [9] Orders and Backlogs - New orders are expected to increase 57.6% year-over-year to 3,008 units, while backlog is expected to decrease to 4,882 units from 5,510 units [11] Earnings Model and Rank - The model does not predict an earnings beat for KB Home this quarter, with an Earnings ESP of -0.48% and a Zacks Rank of 4 (Sell) [12] Other Companies in the Sector - Weyerhaeuser Company (WY) has an Earnings ESP of +27.27% and a Zacks Rank of 1, with Q4 2024 earnings expected to decline 62.5% year-over-year [13][15] - PotlatchDeltic Corporation (PCH) has an Earnings ESP of +420.00% and a Zacks Rank of 3, with Q4 2024 earnings expected to be a loss of one cent compared to break-even a year ago [15][16] - Acuity Brands, Inc. (AYI) has an Earnings ESP of +1.16% and a Zacks Rank of 3, with Q1 fiscal 2025 earnings expected to increase 4.3% year-over-year [14][16]

Wall Street analysts forecast that KB Home (KBH) will report quarterly earnings of $2.45 per share in its upcoming release, pointing to a year-over-year increase of 32.4%. It is anticipated that revenues will amount to $1.99 billion, exhibiting an increase of 19% compared to the year-ago quarter.The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.Prior to ...

Core Viewpoint - KB Home is expected to report significant growth in earnings and revenue for its fourth quarter, with analysts projecting earnings of $2.46 per share and revenue of $1.99 billion, compared to $1.85 per share and $1.67 billion in the same period last year [1] Group 1: Earnings and Revenue Expectations - KB Home is set to release its fourth-quarter earnings on January 9, with anticipated earnings of $2.46 per share, an increase from $1.85 per share year-over-year [1] - The company is projected to report quarterly revenue of $1.99 billion, up from $1.67 billion a year earlier [1] Group 2: Analyst Ratings and Price Target - Wells Fargo analyst Sam Reid has maintained an Underweight rating on KB Home and lowered the price target from $83 to $74 [2] Group 3: Dividend Information - KB Home currently offers an annual dividend yield of 1.55%, translating to a quarterly dividend of 25 cents per share, or $1.00 annually [2] - To achieve a monthly income of $500 from dividends, an investor would need to own approximately 6,000 shares, equating to a total investment of about $387,840 [3] - For a more conservative monthly income goal of $100, an investor would need to hold 1,200 shares, requiring an investment of around $77,568 [4] Group 4: Dividend Yield Dynamics - The dividend yield can fluctuate based on changes in the stock price and dividend payments, impacting the overall yield [4][5] - An example illustrates that if a stock's price increases, the dividend yield decreases, and vice versa [5] - Changes in the dividend payment itself can also affect the dividend yield, with increases leading to higher yields if the stock price remains constant [6] Group 5: Stock Performance - KB Home shares experienced a decline of 1.6%, closing at $64.64 [6]

Earnings and Revenue Projections - KB Home is expected to report quarterly earnings of $2 46 per share, up from $1 85 per share in the year-ago period [1] - The company projects quarterly revenue of $1 99 billion, compared to $1 67 billion a year earlier [1] Previous Quarter Performance - KB Home reported third-quarter revenue of $1 75 billion, beating analyst estimates of $1 728 billion [2] - Third-quarter earnings were $2 04 per share, surpassing analyst estimates of $2 02 per share [2] - KB Home shares fell 1 6% to close at $64 64 on Thursday [2] Analyst Ratings and Price Targets - JP Morgan analyst Michael Rehaut maintained a Neutral rating and cut the price target from $92 5 to $82 on Dec 13, 2024 [4] - Barclays analyst Matthew Bouley downgraded the stock from Overweight to Equal-Weight and slashed the price target from $99 to $85 on Dec 11, 2024 [4] - Wedbush analyst Jay McCanless maintained a Neutral rating and raised the price target from $67 to $75 on Sept 25, 2024 [4] - B of A Securities analyst Rafe Jadrosich maintained a Neutral rating and boosted the price target from $75 to $90 on Sept 19, 2024 [4] - RBC Capital analyst Mike Dahl downgraded the stock from Sector Perform to Underperform with a price target of $70 on Sept 5, 2024 [4]

Earnings and Revenue Projections - KB Home is set to announce its earnings on January 9, 2025, with projected EPS of $2 45, reflecting a 32 43% increase from the same quarter last year [1] - Revenue is expected to reach $1 99 billion, up 19% from the prior-year quarter [1] Valuation Metrics - KB Home currently trades at a PEG ratio of 0 56, lower than the industry average of 0 68 [2] - The company has a Forward P/E ratio of 7 3, trading at a discount compared to the industry average of 8 04 [7] Stock Performance - KB Home shares lost 17 05% in the past month, underperforming the Construction sector, which lost 8 04%, and the S&P 500, which gained 0 34% [8] - The stock closed at $65 90, with a +0 06% change from the previous session, lagging behind the S&P 500's daily gain of 0 73%, the Dow's 0 16%, and the Nasdaq's 0 98% [11] Industry and Sector Analysis - The Building Products - Home Builders industry has a Zacks Industry Rank of 164, placing it in the bottom 35% of all 250+ industries [10] - The Zacks Industry Rank shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [3] Analyst Estimates and Revisions - The Zacks Consensus EPS estimate for KB Home has moved 1 47% lower within the past month [4] - Recent changes to analyst estimates reflect the dynamic nature of near-term business trends, with positive revisions indicating optimism about the company's business and profitability [9] Zacks Rank and Model - KB Home currently holds a Zacks Rank 4 (Sell) [4] - The Zacks Rank system, which integrates estimate changes, has a proven track record of outperformance, with 1 stocks returning an average of +25% annually since 1988 [4][6]