KB Home Q4 EPS $1.85 Beats $1.69 Estimate, Sales $1.67B Beat $1.62B Estimate
Portfolio Pulse from Benzinga Newsdesk
KB Home (NYSE:KBH) reported Q4 earnings of $1.85 per share, surpassing the consensus estimate of $1.69, and sales of $1.67B, also beating the $1.62B estimate. However, these figures represent a decrease from the same period last year, with earnings down 25.1% and sales down 14.18%.
January 10, 2024 | 9:11 pm
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NEUTRAL IMPACT
KB Home exceeded Q4 EPS and sales estimates but experienced a significant year-over-year decline in both metrics.
While KB Home beat analyst estimates for Q4, the year-over-year decline in earnings and sales may concern investors. The positive earnings surprise could provide short-term support to the stock price, but the declines indicate potential underlying challenges that could temper investor enthusiasm.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100