KB Home (KBH) is benefiting from improved housing demand trends and reduced cancellation rates, showcasing an increase in homes delivered and net new orders growth. The improving trends are further backed by the company’s implementation of the Build-to-Order approach, accompanied with land buyout initiatives.Shares of this Zacks Rank #2 (Buy) company have risen 54.5% in the past six months, outperforming the Zacks Building Products - Home Builders industry’s 53.1% growth.The Zacks Consensus Estimate for the ...

While the proven Zacks Rank places an emphasis on earnings estimates and estimate revisions to find strong stocks, we also know that investors tend to develop their own individual strategies. With this in mind, we are always looking at value, growth, and momentum trends to discover great companies.Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Value investors use a variety of methods, inc ...

Growth investors focus on stocks that are seeing above-average financial growth, as this feature helps these securities garner the market's attention and deliver solid returns. But finding a great growth stock is not easy at all.In addition to volatility, these stocks carry above-average risk by their very nature. Also, one could end up losing from a stock whose growth story is actually over or nearing its end.However, the task of finding cutting-edge growth stocks is made easy with the help of the Zacks Gr ...

Key PointsKB Home had a solid quarter and raised guidance after backlogs showed sequential growth. Cash flow and capital returns are solid, improving shareholder value over the last twelve months. Analysts are raising their targets following the report, which may lead the stock to a new high. 5 stocks we like better than KB HomeKB Home’s NYSE: KBH stock price can increase in 2024 despite struggles with traction following the Q1 release. The company is firing on all cylinders and driving value for shareholde ...

KB Home (KBH) reported better-than-expected results in first-quarter fiscal 2024 (ended Feb 29, 2024). Both earnings and revenues beat the Zacks Consensus Estimate and rose on a year-over-year basis.Shares of this leading homebuilder gained 1.1% in the after-market trading session on Mar 20.Looking forward to the second quarter and full-year 2024, KBH foresees enhanced conditions in the housing market and ongoing positive trends in the supply chain. Leveraging the advantages of its Built to Order model, whi ...

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 (NYSE:KBH) Q1 2024 Earnings Conference Call March 20, 2024 5:00 PM ET Company Participants Jill Peters - Senior Vice President, Investor Relations Jeff Mezger - Chairman and CEO Rob McGibney - President and COO Jeff Kaminski - Executive Vice President and CFO Bill Hollinger - Senior Vice President and CAO Thad Johnson - Senior Vice President and Treasurer Conference Call Participants Elizabeth Langan - Barclays Stephen Kim - Evercore ISI Alan Ratner - Zelman & Associates John Lovallo - UBS Susan McC ...

Core Insights - KB Home reported revenue of $1.47 billion for the quarter ended February 2024, reflecting a 6% increase year-over-year and a surprise of +1.18% over the Zacks Consensus Estimate of $1.45 billion [1] - Earnings per share (EPS) for the quarter was $1.76, compared to $1.45 in the same quarter last year, resulting in a surprise of +12.82% over the consensus estimate of $1.56 [1] Performance Metrics - Backlog Units: 5,796, exceeding the average estimate of 5,543 by four analysts [2] - Average Selling Price: $480.10 million, slightly above the average estimate of $477.09 million [2] - Unit Deliveries: 3,037 homes delivered, surpassing the average estimate of 3,001 [2] - Net Orders: 3,323 units, compared to the average estimate of 3,033 [2] - Backlog Value: $2.79 billion, exceeding the average estimate of $2.74 billion [2] - Average Community Count: 240, below the average estimate of 245 [2] - Ending Community Count: 238, compared to the average estimate of 248 [2] - Total Revenues from Homebuilding: $1.46 billion, above the average estimate of $1.44 billion, representing a +6% year-over-year change [2] - Total Revenues from Financial Services: $6.07 million, below the average estimate of $6.61 million, with a +5% year-over-year change [2] - Financial Services Pretax Income: $11.58 million, exceeding the average estimate of $8.87 million [2] Stock Performance - KB Home shares have returned +10.6% over the past month, outperforming the Zacks S&P 500 composite's +3.6% change [3] - The stock currently holds a Zacks Rank 2 (Buy), indicating potential for outperformance in the near term [3]

KB Home (KBH) came out with quarterly earnings of $1.76 per share, beating the Zacks Consensus Estimate of $1.56 per share. This compares to earnings of $1.45 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 12.82%. A quarter ago, it was expected that this homebuilder would post earnings of $1.69 per share when it actually produced earnings of $1.85, delivering a surprise of 9.47%.Over the last four quarters, the company has su ...

Exhibit 99.1 FOR RELEASE, Wednesday, March 20, 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 FIRST QUARTER RESULTS Revenues Grew 6% to $1.47 Billion; Diluted Earnings Per Share Increased 21% to $1.76 Net Orders Up 55%; Net Order Value Increased 58% to $1.58 billion Repurchased $50 Million of Common Stock LOS ANGELES (March 20, 2024) — KB Home (N ...