KB Home Likely To Report Lower Q2 Earnings; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts
Portfolio Pulse from Avi Kapoor
KB Home (NYSE:KBH) is expected to report lower Q2 earnings at $1.80 per share, down from $1.94 per share last year, with projected revenue of $1.65 billion. The company recently authorized a $1 billion stock repurchase and increased its quarterly dividend to 25 cents per share. Analysts have mixed ratings, with price targets ranging from $70.5 to $87.
June 17, 2024 | 12:53 pm
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KB Home is expected to report lower Q2 earnings at $1.80 per share, down from $1.94 per share last year, with projected revenue of $1.65 billion. The company authorized a $1 billion stock repurchase and increased its quarterly dividend to 25 cents per share. Analysts have mixed ratings with price targets ranging from $70.5 to $87.
The expected lower earnings per share and mixed analyst ratings suggest a neutral short-term impact on KB Home's stock price. The stock repurchase and increased dividend are positive, but the lower earnings forecast balances this out.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100