KB Home Gears Up For Q4 Print; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call
Portfolio Pulse from Avi Kapoor
KB Home (NYSE:KBH) is expected to report Q4 earnings of $1.69 per share, down from $2.47 per share a year ago, with revenue estimated at $1.62 billion versus $1.94 billion in the previous year. The company outperformed analyst expectations in Q3 FY23 with a sales decline of 13.9% year-on-year. KBH shares rose 2.3% to $62.76 recently. Analysts have revised their ratings and price targets, with Barclays and UBS maintaining positive outlooks and raising their targets, while Deutsche Bank and Wedbush downgraded the stock.
January 09, 2024 | 4:53 pm
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NEUTRAL IMPACT
KB Home is anticipated to report lower earnings and revenue for Q4 compared to last year. The stock has recently seen an uptick, but analyst opinions are mixed, with some upgrades and downgrades.
The expected decline in earnings and revenue suggests potential challenges, but the recent stock price increase and mixed analyst ratings indicate uncertainty in the short-term impact. The positive revisions from Barclays and UBS could counterbalance the negative outlook from Deutsche Bank and Wedbush, leading to a neutral score.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100