KB Home Analysts Slash Their Forecasts Following Q4 Earnings - KB Home (NYSE:KBH)

Core Viewpoint - KB Home reported strong fourth-quarter financial results, exceeding analyst expectations in both revenue and earnings per share [1][2]. Financial Performance - Fourth-quarter revenue reached $1.69 billion, surpassing analyst estimates of $1.66 billion [1]. - Adjusted earnings for the fourth quarter were $1.92 per share, exceeding the expected $1.80 per share [1]. Market Conditions - The housing market remains challenging due to lower consumer confidence, affordability issues, and high mortgage interest rates [2]. - Despite these challenges, KB Home assisted nearly 13,000 individuals and families in achieving homeownership during the year [2]. Future Guidance - For the first quarter, KB Home expects housing revenue between $1.05 billion and $1.15 billion [3]. - The company projects full-year 2026 housing revenue to be between $5.1 billion and $6.1 billion [3]. Stock Performance - Following the earnings announcement, KB Home shares fell by 9.3%, closing at $56.92 [3]. - Analysts have adjusted their price targets for KB Home, with Wells Fargo lowering it from $60 to $55 and RBC Capital from $59 to $54 [4].