KB Home Likely To Sharp Decline In Q3 Earnings; Here's A Look At Recent Price Target Changes By The Most Accurate Analysts
Portfolio Pulse from Lisa Levin
KB Home (NYSE:KBH) is expected to report a sharp decline in its Q3 earnings, with analysts predicting earnings of $1.43 per share, down from $2.86 per share in the same period last year. The company's revenue is also expected to decrease to $1.48 billion from $1.84 billion. Despite this, KB Home shares rose 0.3% to close at $48.41 on Tuesday. Several analysts have recently upgraded their ratings and price targets for the company.
September 20, 2023 | 6:51 am
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KB Home is expected to report a sharp decline in Q3 earnings and revenue. However, several analysts have upgraded their ratings and price targets for the company, which may have contributed to a recent 0.3% increase in the company's share price.
The expected decline in KB Home's Q3 earnings and revenue is a negative factor that could potentially drive the company's share price down. However, the recent upgrades in ratings and price targets by several analysts, who have high accuracy rates, could counteract this negative impact and provide some support to the company's share price. This is reflected in the recent 0.3% increase in the company's share price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100