KB Home(US:KBH) Zacks Investment Researchยท2024-03-01 15:01Core Viewpoint - KB Home has shown a strong stock performance recently, outperforming both the S&P 500 and its industry peers, raising questions about its future trajectory [1] Earnings Estimate Revisions - KB Home is projected to report earnings of $1.69 per share for the current quarter, reflecting a year-over-year increase of +16.6% [2] - The consensus earnings estimate for the current fiscal year stands at $7.59, indicating an +8% change from the previous year, while the next fiscal year's estimate is $8.38, showing a +10.5% increase [3] Revenue Growth Forecast - The consensus sales estimate for the current quarter is $1.45 billion, representing a year-over-year growth of +4.8% [5] - For the current fiscal year, revenue estimates are $6.69 billion (+4.4%), and for the next fiscal year, $7.33 billion (+9.6%) [5] Last Reported Results and Surprise History - In the last reported quarter, KB Home generated revenues of $1.67 billion, a decrease of -13.7% year-over-year, with an EPS of $1.85 compared to $2.47 a year ago [6] - The company exceeded consensus revenue estimates by +4.11% and EPS estimates by +9.47% [6][7] Valuation - KB Home's valuation metrics suggest it is trading at a discount compared to its peers, as indicated by a Zacks Value Style Score of A [9] Bottom Line - The Zacks Rank 2 for KB Home suggests potential for outperformance in the near term, indicating it may be worth monitoring amidst market buzz [10]