KB Home Q3 EPS $1.80 Beats $1.43 Estimate, Sales $1.59B Beat $1.48B Estimate
Portfolio Pulse from Benzinga Newsdesk
KB Home reported Q3 earnings of $1.80 per share, beating the analyst consensus estimate of $1.43 by 25.87%. However, this is a 37.06% decrease from the same period last year. The company also reported quarterly sales of $1.59 billion, beating the estimate of $1.48 billion by 7.23%, but this is a 13.98% decrease from the same period last year.
September 20, 2023 | 8:10 pm
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NEUTRAL IMPACT
KB Home's Q3 earnings and sales beat estimates but are down from the same period last year.
While KB Home beat earnings and sales estimates, the year-over-year decreases could potentially concern investors. This mixed result makes the short-term impact on the stock uncertain.
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IMPORTANCE 80
RELEVANCE 100