KB Home: Q4 Earnings Insights
Portfolio Pulse from Benzinga Insights
KB Home (NYSE:KBH) reported Q4 earnings with an EPS of $1.85, beating estimates by 9.47% but with a revenue decrease of $266 million from the previous year. Despite beating EPS estimates last quarter, the share price dropped by 4.29% the following day.
January 10, 2024 | 9:15 pm
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NEUTRAL IMPACT
KB Home reported a higher-than-expected Q4 EPS at $1.85, surpassing estimates by 9.47%, but experienced a significant revenue drop from the same period last year.
While KB Home beat EPS estimates, the drop in revenue could concern investors. Historical data shows a share price drop following last quarter's earnings beat, suggesting mixed market reactions to such news. The score is neutral due to these opposing factors.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100