KB Home(US:KBH) Zacks Investment Researchยท2024-03-11 23:06Company Performance - KB Home's stock closed at $69.10, reflecting a -0.5% change from the previous trading day, underperforming the S&P 500 which had a loss of 0.11% [1] - Over the past month, KB Home's shares have increased by 14.04%, outperforming the Construction sector's gain of 8.1% and the S&P 500's gain of 2.7% [1] - The upcoming earnings report on March 20, 2024, is projected to show earnings of $1.56 per share, indicating a year-over-year growth of 7.59%, with revenue expected to be $1.45 billion, up 4.81% from the prior-year quarter [1] Earnings Estimates - For the full year, the Zacks Consensus Estimates project earnings of $7.59 per share and revenue of $6.69 billion, reflecting changes of +7.97% and +4.35% respectively from the previous year [2] - Recent revisions to analyst estimates for KB Home are seen as positive indicators for the company's business outlook [2] Valuation Metrics - KB Home has a Forward P/E ratio of 9.15, which is lower than the industry's average Forward P/E of 9.5, indicating a valuation discount [3] - The company has a PEG ratio of 0.85, compared to the average PEG ratio of 0.87 for Building Products - Home Builders stocks [3] Industry Overview - The Building Products - Home Builders industry is part of the Construction sector and currently holds a Zacks Industry Rank of 36, placing it in the top 15% of over 250 industries [4] - The Zacks Industry Rank assesses the strength of industry groups, with the top 50% rated industries outperforming the bottom half by a factor of 2 to 1 [4]