KB Home's Q3 Earnings Beat Expectations, But Analysts Cautious On Q4 Margins
Portfolio Pulse from Priya Nigam
KB Home (NYSE:KBH) reported a decline in sales for its fiscal third quarter, despite beating earnings expectations. Analysts from Wedbush and RBC Capital Markets expressed caution about the company's Q4 margins. Wedbush reduced the price target from $64 to $55, while RBC maintained a price target of $52. KB Home's shares were down 2.83% to $46.74 at the time of publication.
September 21, 2023 | 4:53 pm
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KB Home's Q3 sales declined but beat earnings expectations. Analysts are cautious about Q4 margins, leading to a decrease in the company's share price.
KB Home's Q3 sales decline, despite beating earnings expectations, has led to a decrease in the company's share price. Analysts are cautious about the company's Q4 margins, which could further impact the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100