KB Home Analysts Slash Their Forecasts After Q2 Earnings

Core Insights - KB Home reported second-quarter revenue of $1.52 billion, exceeding analyst estimates of $1.51 billion, and earnings of $1.50 per share, surpassing expectations of $1.47 per share [1][2] Financial Performance - The second-quarter financial performance was solid, with results meeting or exceeding guidance ranges, driven by improvements in lowering build times and reducing direct construction costs [2] Future Guidance - KB Home expects full-year 2025 housing revenue to be in the range of $6.3 billion to $6.5 billion, a decrease from prior guidance of $6.6 billion to $7 billion, with anticipated average selling prices of $480,000 to $490,000 [3] Stock Performance - Following the earnings announcement, KB Home shares gained 0.8% to trade at $53.72 [3] Analyst Ratings and Price Targets - B of A Securities maintained a Neutral rating and lowered the price target from $58 to $54 - UBS maintained a Buy rating and cut the price target from $86 to $80 - Wells Fargo maintained an Underweight rating and lowered the price target from $53 to $52 - Barclays maintained an Equal-Weight rating and reduced the price target from $56 to $49 - Evercore ISI Group maintained an Outperform rating and cut the price target from $77 to $70 [5]