Will KB Home (KBH) Beat Estimates Again in Its Next Earnings Report?

Core Viewpoint - KB Home is a strong candidate for investors due to its consistent performance in beating earnings estimates and positive indicators for future earnings growth [1][3]. Group 1: Earnings Performance - KB Home has a history of exceeding earnings estimates, with an average surprise of 11.14% over the past two quarters [1]. - In the most recent quarter, KB Home reported earnings of $1.76 per share, surpassing the expected $1.56 per share by 12.82% [1]. - For the previous quarter, the company reported $1.85 per share against an expectation of $1.69 per share, resulting in a surprise of 9.47% [1]. Group 2: Earnings ESP and Zacks Rank - KB Home currently has an Earnings ESP of +0.38%, indicating a positive outlook from analysts regarding its near-term earnings potential [3]. - The stock holds a Zacks Rank of 2 (Buy), suggesting a strong likelihood of another earnings beat in the upcoming report [3]. - Stocks with a positive Earnings ESP and a Zacks Rank of 3 or better have a nearly 70% chance of producing a positive surprise [2]. Group 3: Future Outlook - The next earnings report for KB Home is anticipated to be released on June 18, 2024 [3]. - It is crucial for investors to check the Earnings ESP before quarterly releases to enhance the probability of successful investments [4].