Earnings Preview: KB Home
Portfolio Pulse from Benzinga Insights
KB Home (NYSE:KBH) is scheduled to release its quarterly earnings report on March 20, 2024, with analysts expecting an EPS of $1.57. The company's past earnings performance shows a mixed impact on its stock price, with the last quarter beating EPS estimates by $0.16 but resulting in a 1.23% drop in share price the next day. KB Home's stock has seen an 83.53% increase over the last 52 weeks, trading at $67.06 as of March 18.
March 19, 2024 | 2:01 pm
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POSITIVE IMPACT
KB Home is expected to report an EPS of $1.57 for the upcoming quarter. Historical data shows that earnings beats or misses can lead to varied stock price reactions. With a significant 83.53% increase in stock price over the last year, investor sentiment appears positive.
Given KB Home's positive stock performance over the last year and its history of beating EPS estimates, there is a positive outlook for the stock in the short term. However, the actual impact will heavily depend on whether the company meets or exceeds the EPS expectations and the forward guidance provided.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100