Have you been paying attention to shares of KB Home (KBH) ? Shares have been on the move with the stock up 13.8% over the past month. The stock hit a new 52-week high of $70.91 in the previous session. KB Home has gained 12.3% since the start of the year compared to the 10.9% move for the Zacks Construction sector and the 8.5% return for the Zacks Building Products - Home Builders industry.What's Driving the Outperformance?The stock has a great record of positive earnings surprises, as it hasn't missed our ...

KB Home (KBH) closed the most recent trading day at $70.17, moving +1.17% from the previous trading session. This change outpaced the S&P 500's 0.19% loss on the day. On the other hand, the Dow registered a gain of 0.1%, and the technology-centric Nasdaq decreased by 0.54%.The homebuilder's shares have seen an increase of 14.8% over the last month, surpassing the Construction sector's gain of 6.64% and the S&P 500's gain of 3.18%.The investment community will be paying close attention to the earnings perfor ...

DALLAS--(BUSINESS WIRE)--KB Home (NYSE: KBH) today announced the grand opening of The Preserve, its first new-home community in Justin. These new homes are designed for the way people live today, with popular interior features like modern kitchens overlooking large great rooms and expansive bedroom suites with walk-in closets. The community’s one- and two-story floor plans feature up to six bedrooms and four baths. The Preserve will have a variety of community amenities in this master-plan, including a club ...

Company Performance - KB Home's stock closed at $69.10, reflecting a -0.5% change from the previous trading day, underperforming the S&P 500 which had a loss of 0.11% [1] - Over the past month, KB Home's shares have increased by 14.04%, outperforming the Construction sector's gain of 8.1% and the S&P 500's gain of 2.7% [1] - The upcoming earnings report on March 20, 2024, is projected to show earnings of $1.56 per share, indicating a year-over-year growth of 7.59%, with revenue expected to be $1.45 billion, up 4.81% from the prior-year quarter [1] Earnings Estimates - For the full year, the Zacks Consensus Estimates project earnings of $7.59 per share and revenue of $6.69 billion, reflecting changes of +7.97% and +4.35% respectively from the previous year [2] - Recent revisions to analyst estimates for KB Home are seen as positive indicators for the company's business outlook [2] Valuation Metrics - KB Home has a Forward P/E ratio of 9.15, which is lower than the industry's average Forward P/E of 9.5, indicating a valuation discount [3] - The company has a PEG ratio of 0.85, compared to the average PEG ratio of 0.87 for Building Products - Home Builders stocks [3] Industry Overview - The Building Products - Home Builders industry is part of the Construction sector and currently holds a Zacks Industry Rank of 36, placing it in the top 15% of over 250 industries [4] - The Zacks Industry Rank assesses the strength of industry groups, with the top 50% rated industries outperforming the bottom half by a factor of 2 to 1 [4]

Core Viewpoint - KB Home's stock performance has shown resilience with a notable monthly gain, and upcoming earnings are anticipated to reflect positive growth trends [1][2]. Group 1: Stock Performance - KB Home's shares closed at $67.86, reflecting a -0.56% change from the previous day, underperforming compared to the S&P 500's loss of 0.12% [1]. - Over the past month, KB Home's shares increased by 13.89%, outperforming the Construction sector's gain of 9.47% and the S&P 500's gain of 4.83% [1]. Group 2: Earnings Estimates - Analysts expect KB Home to report earnings of $1.56 per share, indicating a year-over-year growth of 7.59% [1]. - The consensus estimate for revenue is projected at $1.45 billion, reflecting a 4.81% increase from the same quarter last year [1]. - For the annual period, earnings are anticipated to be $7.59 per share with revenue of $6.69 billion, representing increases of +7.97% and +4.35%, respectively [1]. Group 3: Analyst Estimates and Rankings - Recent modifications to analyst estimates for KB Home are crucial, as upward revisions indicate positive sentiment regarding the company's profitability [2]. - The Zacks Rank system, which evaluates these estimate changes, currently ranks KB Home as 2 (Buy) [2]. Group 4: Valuation Metrics - KB Home is trading at a Forward P/E ratio of 8.99, which is lower than the industry average of 9.45 [3]. - The company has a PEG ratio of 0.83, compared to the industry average PEG ratio of 0.88 [3]. - The Building Products - Home Builders industry ranks in the top 6% of all industries, with a Zacks Industry Rank of 15 [3].

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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 ...