KB Home Gears Up For Q3 Print; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts - KB Home (NYSE:KBH)

Core Viewpoint - KB Home is expected to report a decline in earnings and revenue for the third quarter compared to the previous year [1] Group 1: Earnings Expectations - Analysts anticipate KB Home will report earnings of $1.51 per share for Q3, down from $2.04 per share in the same period last year [1] - The company projects quarterly revenue of $1.59 billion, a decrease from $1.75 billion reported a year earlier [1] Group 2: Recent Performance - In Q2, KB Home reported revenue of $1.52 billion, surpassing analyst estimates of $1.51 billion [2] - The company also reported Q2 earnings of $1.50 per share, exceeding analyst expectations of $1.47 per share [2] - KB Home shares fell by 2.4% to close at $62.40 on the day of the report [2] Group 3: Analyst Ratings - B of A Securities analyst maintained a Neutral rating and raised the price target from $60 to $67 [8] - Wells Fargo analyst maintained an Underweight rating and increased the price target from $50 to $60 [8] - Keefe, Bruyette & Woods analyst maintained a Market Perform rating and reduced the price target from $65 to $58 [8] - Evercore ISI Group analyst maintained an Outperform rating and lowered the price target from $77 to $70 [8] - Barclays analyst maintained an Equal-Weight rating and cut the price target from $56 to $49 [8]