Core Viewpoint - KB Home is expected to report its second-quarter fiscal 2024 results on June 18, with earnings and revenues anticipated to decline compared to the previous year, influenced by challenging market conditions and a decrease in housing deliveries [1][2][3]. Revenue Performance - In the last reported quarter, KB Home's earnings and revenues exceeded the Zacks Consensus Estimate by 12.8% and 1.2%, respectively, with year-over-year increases of 6% in revenues and 21% in earnings [1]. - For the upcoming quarter, the consensus estimate for earnings has decreased to $1.78 per share, reflecting an 8.3% decline from the previous year's earnings of $1.94 per share. Revenue is projected at $1.64 billion, indicating a 7.2% decrease from the prior-year quarter [2]. - Housing revenues are expected to be in the range of $1.6 billion to $1.7 billion, down from $1.75 billion a year ago, with an anticipated average selling price (ASP) of $483,000, up from $479,500 [4]. Factors Affecting Performance - The decline in revenues is attributed to a decrease in housing deliveries, expected to fall by 7.9% year-over-year, influenced by consumer confidence, economic conditions, and interest rates [3]. - Despite these challenges, KB Home's strategies, such as reducing build time and increasing community count, may help mitigate some negative impacts [3]. Margins and Expenses - The housing gross margin for the second quarter of 2024 is projected to be between 20.5% and 21%, affected by concessions provided to homebuyers in the previous year due to market conditions [4]. - Selling, general, and administrative expenses as a percentage of housing revenues are expected to rise to 10.5%, up from 9.6% a year ago, with an effective tax rate of approximately 24% [5]. Orders and Backlogs - New orders are anticipated to increase to 4,164 units, up from 3,936 units in the previous year, driven by limited supply of pre-owned homes [5]. - The backlog is expected to be 6,583 units, a decrease from 7,286 units reported in the prior-year quarter [5]. Earnings Prediction - The model indicates a potential earnings beat for KB Home, supported by a positive Earnings ESP of +0.38% and a Zacks Rank of 2 [6][7].

Loading...Loading...KB Home KBH is set to release second-quarter financial results, after the closing bell on Tuesday.Analysts expect the Los Angeles, California-based company to report quarterly earnings at $1.80 per share. That’s down from $1.94 per share in the year-ago period. KB Home is expected to post revenue of $1.65 billion, according to data from Benzinga Pro.On April 18, KB Home’s board of directors authorized the repurchase of up to $1 billion of the company's outstanding common stock. The board ...

Core Viewpoint - KB Home is a strong candidate for investors due to its consistent performance in beating earnings estimates and positive indicators for future earnings growth [1][3]. Group 1: Earnings Performance - KB Home has a history of exceeding earnings estimates, with an average surprise of 11.14% over the past two quarters [1]. - In the most recent quarter, KB Home reported earnings of $1.76 per share, surpassing the expected $1.56 per share by 12.82% [1]. - For the previous quarter, the company reported $1.85 per share against an expectation of $1.69 per share, resulting in a surprise of 9.47% [1]. Group 2: Earnings ESP and Zacks Rank - KB Home currently has an Earnings ESP of +0.38%, indicating a positive outlook from analysts regarding its near-term earnings potential [3]. - The stock holds a Zacks Rank of 2 (Buy), suggesting a strong likelihood of another earnings beat in the upcoming report [3]. - Stocks with a positive Earnings ESP and a Zacks Rank of 3 or better have a nearly 70% chance of producing a positive surprise [2]. Group 3: Future Outlook - The next earnings report for KB Home is anticipated to be released on June 18, 2024 [3]. - It is crucial for investors to check the Earnings ESP before quarterly releases to enhance the probability of successful investments [4].

Analysts on Wall Street project that KB Home (KBH) will announce quarterly earnings of $1.78 per share in its forthcoming report, representing a decline of 8.3% year over year. Revenues are projected to reach $1.64 billion, declining 7.2% from the same quarter last year.Over the last 30 days, there has been an upward revision of 0.2% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over th ...

KB Home (KBH) could be a solid addition to your portfolio given its recent upgrade to a Zacks Rank #2 (Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices.The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate.The power of a changing earn ...

KB Home (KBH) closed the most recent trading day at $69.32, moving +1.72% from the previous trading session. The stock outperformed the S&P 500, which registered a daily gain of 0.26%. Elsewhere, the Dow saw an upswing of 0.18%, while the tech-heavy Nasdaq appreciated by 0.35%.Shares of the homebuilder have depreciated by 2.84% over the course of the past month, outperforming the Construction sector's loss of 4% and lagging the S&P 500's gain of 3.25%.The investment community will be paying close attention ...

Homebuilding giant KB Home (NYSE:KBH) is surging today, up 2% to trade at $69.49 at last glance, building on its 11.1% year-to-date gain. The equity has been working hard to recover from its October lows, recently bouncing back after its January post-earnings slump. While things seem to be looking up, KBH doesn't seem to have hit its ceiling yet, as it nears a historically bullish trendline.Per Schaeffer’s Senior Quantitative Analyst Rocky White, KBH has moved within one standard deviation of the 80-day mov ...

KB Home (KBH) closed the most recent trading day at $70.96, moving +0.51% from the previous trading session. The stock's performance was ahead of the S&P 500's daily gain of 0.11%. At the same time, the Dow lost 0.3%, and the tech-heavy Nasdaq gained 0.56%.The homebuilder's stock has climbed by 2.65% in the past month, falling short of the Construction sector's gain of 3.96% and the S&P 500's gain of 5.06%.Investors will be eagerly watching for the performance of KB Home in its upcoming earnings disclosure. ...

The most recent trading session ended with KB Home (KBH) standing at $69.24, reflecting a -1.79% shift from the previouse trading day's closing. The stock fell short of the S&P 500, which registered a gain of 0.03% for the day. Elsewhere, the Dow saw a downswing of 0.56%, while the tech-heavy Nasdaq appreciated by 0.59%.Heading into today, shares of the homebuilder had gained 6.62% over the past month, outpacing the Construction sector's gain of 2.31% and the S&P 500's gain of 4.19% in that time.The upcomin ...

Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Even ...